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This dissertation examines the effect of non-executive directors and board shareholdings on the link between CEO pay and performance employing a unique data set of 200 UK Stock exchange firms from the FTSE All Share Index for the years 2002 and 2006 i.e. pre and post Higgs (2003) report. It includes both cash (salary and bonus) and equity-based (stock options and long-term incentive plans) components of CEO compensation in the analysis of a dynamic CEO compensation model. więcej...

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