Tuesday, 12 October 2021: 16:00 – 17:00 BST
We invite you to join London Business School’s Centre for Corporate Governance (CCG) and the European Corporate Governance Institute (ECGI) for a virtual event revealing new insights on how UK CEO pay packages are designed.
• Alex Edmans, Professor of Finance, London Business School and Academic Director, CCG; Fellow, ECGI
• Deanna Oppenheimer, Chair, Hargreaves Lansdown and Founder, CameoWorks
• Ben Yeoh, Senior Portfolio Manager, Global Equities, RBC Global Asset Management (UK) Limited
• Tom Gosling, Executive Fellow, CCG and former Partner at PwC
CEO pay is a contentious topic that occupies significant amounts of board and investor time, and is one of the most-studied areas of corporate governance amongst academics. But little is known about the deliberations that take place within boards on how to pay the CEO. Nor about the factors that boards take into account in designing pay and which investors consider when deciding whether to approve CEO packages.
A recent ECGI working paper, “CEO Compensation: Evidence From the Field”, seeks to change this. Co-authored by Professor Alex Edmans, Dr Tom Gosling, and Dirk Jenter, Professor of Finance, London School of Economics, the paper reports the results of a survey of over 200 UK directors and 150 investors on how they design CEO pay packages: their objectives, the constraints they operate under, and the factors they take into account. The study reveals striking differences of opinion between directors and investors.
Professor Edmans will briefly present the paper, followed by a panel discussion. We encourage members of the audience to submit questions during the session.