Is the Evidence Sufficient to Take Action on Executive Pay? Reply to Commentators

Philippe Jacquart, J. Armstrong
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Abstract

The experimental evidence in this collection of papers is sufficient for organizations to take action — at least with respect to investigating or testing alternative pay schemes. Some organizations have already implemented a number of these procedures. The failure of an organization’s directors to follow evidence-based procedures for executive pay might be used as a basis for legal action by shareholders when results are detrimental to a firm.
对高管薪酬采取行动的证据是否足够?回复评论员
这组论文中的实验证据足以让组织采取行动——至少在调查或测试替代薪酬方案方面。有些组织已经实施了一些这样的程序。当结果对公司不利时,一个组织的董事未能遵循基于证据的高管薪酬程序,可能会被股东用作采取法律行动的依据。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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