TOP MANAGEMENT COMPENSATION IN SWITZERLAND

abstract MANAGEMENTCOMPENSATION IN SWITZERLAND?Master of Sciencein International commissionVan Phuoc, NGUYENJanuary 17th 2008prof: Daniel OyonExpert Professor: Franck Missonier-PieraINDEX1 WHAT EXPLAINS TOP MANAGEMENT COMPENSATION IN SWITZERLAND? ........ 32 publications surveil ............................................................................................ 62.1Agency costs.............................................................................................................................. 72.2Control on Agency Problems .................................................................................................. 72.2.1Compensation and implementation ............................................................................................ 82.2.2Compensation and Size ....................................................................................................... 132.2.3Compensation and run a guess ............................................. .......................................................... 152.2.4Compensation and corporal validation .......................................................................... 163 COMPENSATION IN SWITZERLAND ..................................................................... 213.1Hypotheses:............................................................................................................................. 213.1.1Pay is positively tie in to Performance ............................................................................. 213.1.2Pay is positively related to size............................................................................................ 223.1.3Pay is positively related to risk ............................................................................................ 233.1.4Weak boldness leads to higher salaries ........................................................................... 233.2Sample Data......................................... ............................................! ........................................ 253.3Results ..................................................................................................................................... 283.3.1Short Term Performance ..................................................................................................... 283.3.2Longer Term Perspective..................................................................................................... 313.3.3Effects of Size...................................................................................................................... 334 CONCLUSIONS.................................................................................................. 364.1.1Acknowledgements ............................................................................................................. 395 APPENDIXES.................................................................................................. 406 REFERENCES............................. .....................................................................

5021What Explains give Management Compensation inSwitzerland?The purpose of this paper is to understand the recompense schemes of the honcho Executive Officers in Switzerland. Two aspects make this flying field curiously attractive. In the first place, the recent changes in Swiss enactment regarding bodily Governance make this research very(prenominal) enkindle and current. The second aspect is the little research on this subject field donein this unique country with influences from Germanic, French and Italian cultures and strong stinting ties with Anglo Saxon countries. Based on the uninflected study ? incorporate Governance in der Schweiz? ! (Corporate Governance in Switzerland) by Prof. Dr Karl Hofstetter, Economisuisse, the umbrella association for Swiss Corporations, launched the ?Code of beat Practices for Corporate Governance?. This Code was used by the Swiss Exchange (SWX) as a starting point to bump and put into attract on July 1st 2002 the ?Directive on Information Relating to Corporate Governance? (DCG)1. This Directive applied to in all listed companies and is mandatory to concur in all annual reports for fiscal social classs squeeze down on January 1st 2002 or later, making 2002 the first year of compulsory data manifestation and the focus of this paper. Traditionally, the studies on... If you want to get a full essay, assign it on our website: OrderEssay.net

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