The Professional Standards of Executive Remuneration Consultants

Auteur

Calvin Jackson is an Associate Research Fellow at The Institute of Advanced Legal Studies, London, UK. He spent 25 years as an executive remuneration consultant, advising remuneration committees around the world (particularly in the financial services sector). Since retirement from that role, he returned to the Bar for over a decade (with a particular interest in white collar crime and financial regulation).

Texte du rabat

This book concerns the professional standards of executive remuneration consultants and their 'in-house' counterparts in providing remuneration committee advisory services. It provides novel insights into this previously under-researched area of corporate governance/financial regulation.

Résumé

Love them or hate them, executive remuneration consultants are key players in remuneration committees' pay determination processes. This book concerns the professional standards of executive remuneration consultants (and their 'in-house' counterparts; for example, Human Resources Director and Head of Reward) in providing remuneration committee advisory services.

The author is a 25-year 'veteran' executive remuneration consultant, having worked around the world in this capacity (particularly in the financial services sector). This book is based on a qualitative empirical doctoral research exercise, involving 53 participants in the UK executive pay scene (including regulators, institutional shareholder bodies, proxy advisors, remuneration committees' chairs/members, executive remuneration consultants and in-house executive reward specialists). The objective was to formulate conclusions that could be used to the benefit of UK practice and contribute to the relevant academic scholarship on executive remuneration consultants.

The research covered 18 aspects, ranging from an examination of the independence of such consultants to whether there might be a specialised accreditation/qualification and/or licence to practise regime covering their services. It provides novel insights into this previously under-researched area of corporate governance/financial regulation.

This book will be of interest to those involved in the UK executive remuneration scene, whether government, regulators or any of the other parties mentioned already (plus academics in universities and business schools). It is hoped too that overseas remuneration regimes that have respects in common with the UK's will find this book useful.

Contenu

1. Introduction and scope 2. Regulation of executive remuneration/executive remuneration consultants 3. Executive remuneration consultants: research materials 4. UK remuneration committee advisory practice considerations 5. Working relationships between executive remuneration consultants, remuneration committees and in-house executive reward specialists 6. Remuneration committee advisory firms 7. Self-regulatory regime for executive remuneration advisory firms 8. Professional standards of executive remuneration consultants (1) ethical/professional standards and technical expertise/experience 9. Professional standards of executive remuneration consultants (2) consideration of specialised accreditation/qualification and/or licence to practice 10. Working relationships between in-house executive reward specialists, remuneration committees and executive remuneration consultants 11. Conclusions (1): 18 research aspects 12. Conclusions (2): research objectives and principal findings