This paper tackles the subject of managers' pay in listed companies, with particular attention to the newly introduced duty of drafting reports on remuneration, by analyzing multiple pieces of legislation dealing with the matter that have been enacted at various legislative levels in our regulatory environment. The paper briefly reconstructs the iter through which such regulatory approach has developed and verifies, also in a comparative perspective, the level of adaptation of domestic legislation to EC directives. Moreover, the paper conducts an empirical analysis of some management remuneration reports recently issued by listed companies operating within the financial and insurance industry in Italy, in order to evaluate the degree of implementation of such regulations and to point out the need of further intervention.
Manuel Del Linz (2012). La disciplina sui compensi dei manager nelle società quotate e l'esame delle prime relazioni sulla remunerazione. BANCA IMPRESA SOCIETÀ, 3/2012(3), 451-486 [10.1435/73085].
La disciplina sui compensi dei manager nelle società quotate e l'esame delle prime relazioni sulla remunerazione
DEL LINZ, MANUEL
2012
Abstract
This paper tackles the subject of managers' pay in listed companies, with particular attention to the newly introduced duty of drafting reports on remuneration, by analyzing multiple pieces of legislation dealing with the matter that have been enacted at various legislative levels in our regulatory environment. The paper briefly reconstructs the iter through which such regulatory approach has developed and verifies, also in a comparative perspective, the level of adaptation of domestic legislation to EC directives. Moreover, the paper conducts an empirical analysis of some management remuneration reports recently issued by listed companies operating within the financial and insurance industry in Italy, in order to evaluate the degree of implementation of such regulations and to point out the need of further intervention.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.