REMUNERATION OF EXECUTIVE DIRECTORS: STAGES OF 
DEVELOPMENT Cover Image

ВЪЗНАГРАЖДЕНИЕ НА ИЗПЪЛНИТЕЛНИ ДИРЕКТОРИ: ЕТАПИ НА РАЗВИТИЕ
REMUNERATION OF EXECUTIVE DIRECTORS: STAGES OF DEVELOPMENT

Author(s): Miroslav Nedelchev
Subject(s): Accounting - Business Administration
Published by: ЮГОЗАПАДЕН УНИВЕРСИТЕТ »НЕОФИТ РИЛСКИ«
Keywords: corporate governance; principal-agent; remuneration

Summary/Abstract: The aim of the paper is to present the development stages of the executive directors' remuneration. The focus is on the components of remuneration and, to a lesser extent, on its value. The executive directors are the object of paper.The results of the paper set ten stages for the period 1910-2100's. The dynamics of remuneration reflects the social expectations of a correlation between the results achieved and the compensation of the executive directors. A good structured remuneration policy reduces agency conflict by aligning the agent and principal interests by offering shares and stock options.

  • Issue Year: 13/2017
  • Issue No: 2
  • Page Range: 140-152
  • Page Count: 13
  • Language: Bulgarian