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THE RELEVANCE AND EFFECTS OF THE EXECUTIVE-TOWORKER PAY RATIO’ DISCLOSURE
Sabina Lacmanović
Sažetak
The purpose of this conceptual paper is to analyze
the say-on-pay policies and practices in 5 different
countries: UK, USA, Switzerland, Germany and
Australia. The focus of the research is on the
disclosure of the executive-to-worker pay ratio. The
author discusses about the relevance and effects of
such practice on firm performance and employee
motivation, loyalty and productivity, as well as on
the investors’ decisions. This article addresses those
issues through a comparative approach, by selecting
pay ratio-relevant theoretical and empirical studies.
The results indicate that the disclosure of pay ratio
improves the firm’s and individuals’ performance and
therefore it should be introduced as an obligatory
part of the yearly remuneration report.
Ključne riječi
say-on-pay policies; executive-to-worker pay ratio; remuneration disclosure regulations; pay ratio’ disclosure effects
Hrčak ID:
133127
URI
Datum izdavanja:
1.12.2013.
Posjeta: 1.466 *