| ECGI Research |
 |
 A European Perspective on Executive Remuneration by Professor Guido Ferrarini, Professor of Business Law and Capital Markets Law, University of Genoa. Presentation given at the E.N.G.’s 7th annual senior executive summit in Brussels on Executive Compensation and Benefits, 16-18 September 2008 |
|
ECGI
Research: Executive Remuneration in the EU: Comparative Law
and Practice |
| Debate: “This
House believes that company top executives should be
paid like government ministers” |
 |
At the ECGI's
fourth General Assembly which took place on Thursday
9 March 2006 at the Swiss Federal Institute of Technology,
Zurich, there was an Oxford Union-style debate on the
motion “This House believes that company top
executives should be paid like government ministers”.
The motion was defeated by a majority of 60 to 21. The
debate can now viewed from this website. Click here
to view |
|
| Commission Consultation
and Recommendations |
|
European
Commission consultation on directors' remuneration February
2004 |
|
Results
of the Commission's consultation on directors’ remuneration
15 June 2004 |
|
Commission
Recommendation (Provisional text) 6 October 2004 |
|
Research Interests
The following ECGI Research members have research interest in this area (click name to see biography and contact details): |
 |
Jennifer Hill (Sydney Law School) :
Claudio Loderer (Leonard N. Stern School of Business, NYU) :
|
|
| ECGI
Working Papers |
|
Agency Problems at Dual-Class Companies Ronald W. Masulis, Vanderbilt University and ECGI, Cong Wang, Chinese University of Hong Kong, Fei Xie George Mason University (ECGI Finance Series 209/2008) June 2008 |
|
Private Law Enforcement in a Formalist Legal Environment: The Italian Sai-Fondiaria Case Paolo Giudici, Free University of Bozen, Bolzano and ECGI (ECGI Law Series 094/2008) February 2008 |
|
Corporate Governance Externalities Viral Acharya, London Business School and CEPR, Paolo Volpin, London Business School, CEPR and ECGI. (ECGI Finance Series 195/2008) November 2007 |
|
Sticks or Carrots? Optimal CEO Compensation when Managers are Loss-Averse Ingolf Dittmann, Erasmus University Rotterdam, Ernst Maug, University of Mannheim and ECGI, Oliver Spalt, University of Mannheim (ECGI Finance Series 193/2007) November 2007 |
|
Serial CEO Incentives and the Structure of Managerial Contracts Mariassunta Giannetti, Stockholm School of Economics, CEPR and ECGI. (ECGI Finance Series 183/2007) October 2005 |
|
Private Litigation to Enforce Fiduciary Duties in Mutual Funds: Derivative Suits, Disinterested Directors and the Ideology of Investor Sovereignty Donald Langevoort, Georgetown University Law Center (ECGI Law Series 061/2006) February 2006 |
|
European Company Law and Corporate Governance: Where Does the Action Plan of the European Commission Lead? Klaus Hopt, Max Planck Institute for Private Law and ECGI (ECGI Law Series 052/2005) October 2005 |
|
Board Compensation and Firm Performance: The Role of 'Independent' Board Members Nuno Fernandes, School of Economics and Management, Universidade Católica Portuguesa and ECGI (ECGI Finance Series 104/2005) October 2005 |
|
Executive Compensation: If There's a Problem, What's the Remedy? The Case for 'Compensation Disclosure and Analysis' Jeffrey Gordon, Columbia Law School and European Corporate Governance Institute (ECGI) (ECGI Law Series 035/2005) April 2005 |
|
Executive Remuneration in the EU: The Context for Reform Guido Ferrarini, University of Genoa and ECGI and Niamh Moloney, University of Nottingham and ECGI
(ECGI Law Series 032/2005) April 2005 |
|
Pay for Short-Term Performance: Executive Compensation in Speculative Markets Patrick Bolton, Princeton University, CEPR, ECGI and NBER, José Scheinkman, Princeton University and Wei Xiong, Princeton University and MBER (ECGI Finance Series 079/2005) April 2005 |
|
On-Going Board Reforms: One-Size-Fits-All and Regulatory Capture Gérard Hertig, Swiss Federal Institute of Technology(ETH Zurich)and ECGI
(ECGI Law Series 025/2005) March 2005 |
|
Gender Diversity in the Boardroom Renée Adams, Stockholm School of Economics and ECGI, and Daniel Ferreira, Stockholm School of Economics and ECGI (ECGI Finance Series 057/2004) August 2004 |
|
Capital structure and managerial compensation: the effects of remuneration seniority Riccardo Calcagno, Tilburg University and Luc Renneboog, Tilburg University and ECGI (ECGI Finance Series 047/2004) September 2004 |
|
Remuneration: Where We've Been, How We Got to Here, What are the Problems, and How to Fix Them Michael Jensen, Harvard Business School, Kevin Murphy, Marshall School of Business, University of Southern California and Eric Wruck, Econalytics (ECGI Finance Series 044/2004) July 2004 |
|
The Poison Pill In Japan: The Missing Infrastructure Ronald Gilson, Stanford Law School; Columbia Law School (ECGI Law Series 020/2004) January 2004 |
|
Lower Salaries and No Options: The Optimal Structure of Executive Pay Ingolf Dittmann, Humboldt University of Berlin and Ernst Maug, Humboldt University of Berlin and ECGI (ECGI Finance Series 032/2003) November 2003 (revised April 2004) |
|
The State of U.S. Corporate Governance: What's Right and What's Wrong? Bengt Holmström, Massachusetts Institute of Technology (MIT), NBER and ECGI and Steven Kaplan, University of Chicago and NBER (ECGI Finance Series 023/2003) September 2003 |
|
Executive Remuneration in the EU: Comparative Law and Practice Guido Ferrarini, Università degli Studi di Genova-Law School, Niamh Moloney, Queen's University Belfast-School of Law and ECGI and Cristina Vespro, Universite Libre de Bruxelles and ECGI (ECGI Law Series 009/2003) June 2003 |
|
The Managerial labor market and the governance role of shareholder control structures in the UK Luc Renneboog, Tilburg University and ECGI, and Grzegorz Trojanowski, Tilburg University (ECGI Finance Series 016/2003) March 2003 |
|
Corporate Governance and Control Marco Becht, ECGI European Corporate Governance Institute, Patrick Bolton, Princeton University - Department of Economics; Centre for Economic Policy Research (CEPR) and Ailsa Roell, Princeton University - Department of Economics (ECGI Finance Series 002/2002) Revised August 2005 |
| Other papers |
|
Executive
Compensation as an Agency Problem by Lucian Arye Bebchuk
and Jesse Fried |
|
Pay
without Performance: The Unfulfilled Promise of Executive
Compensation by Lucian Bebchuk and Jesse Fried |
|
Paper:
Governance Matters: Convergence in Law and Practice across
the EU Executive Pay Faultline by Guido Ferrarini, Università
degli Studi di Genova - Law School & ECGI, Niamh Moloney,
Queen's University Belfast School of Law & ECGI and Cristina
Vespro, ECARES, Université Libre de Bruxelles &
ECGI, forthcoming in The Journal of Corporate Law Studies,
n. 2, 2004 |
|
