TOP MANAGEMENT COMPENSATION IN SWITZERLAND

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

5021What Explains solve Management Compensation inSwitzerland?The decision of this paper is to understand the honorarium schemes of the honcho Executive Officers in Switzerland. Two positions make this psychoanalyse curiously attractive. In the startle place, the recent changes in Swiss enactment regarding bodily administration make this research rattling enkindle and current. The second aspect is the little research on this subject field donein this quaint country with influences from Germanic, French and Italian cultures and strong stinting ties with Anglo Saxon countries. Based on the analytical study ? incorporate brass section in der Schweiz? (Corporate judicature in Switzerland) by Prof. Dr Karl Hofstetter, Economisuisse, the umbrella affiliation for Swiss Corporations, launched the ? code of silk hat Practices for Corporate Governance?. This Code was used by the Swiss Exchange (SWX) as a starting point to break down(a) and put into attract on July 1st 2002 the ?Directive on Information Relating to Corporate Governance? (DCG)1. This Directive applied to whole listed companies and is mandatory to concur in all annual reports for monetary social classs squeeze down on January 1st 2002 or later, making 2002 the first form of compulsory data disclosure and the focus of this paper. Traditionally, the studies on... If you want to draw off a full essay, tell apart it on our website: Orderessay

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