University of Hertfordshire

Executive Remuneration: The Power and Dominance of Human Greed

Research output: Contribution to journalArticle

  • Ernestine Gheyoh Ndzi
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Original languageEnglish
JournalJournal of Financial Crime
Journal publication date30 Jun 2017
DOIs
Publication statusPublished - 30 Jun 2017

Abstract

The paper examine the role of human greed in the remuneration level and determination process of executive remuneration in the UK. The paper reviews the past and existing regulation and corporate governance recommendations on executive remuneration The paper demonstrates that the failure of regulatory mechanisms to curb excessive executive remuneration can be justified on the grounds of human greed. Greed is facilitated by the potential conflict of interest that exist as a result of the executives’ position in the company. The position of the law has given greed the opportunity to manifest making it very difficult for executive remuneration to be effectively regulated.
The paper add to the existing debate on excessive executive remuneration by demonstrating that human greed is the basis of excessive executive remuneration on which very limited literature exist

ID: 12233329