There are several points in the remuneration planning process where ambiguity exists and a lack of understanding can lead to the establishment of inappropriate levels of executive pay. Awareness of these decision points will enable remuneration committees of boards of directors to exercise appropriate diligence in developing executive pay structures and levels that are motivational for executiv...

The supply of non-cash remuneration: Employer responses Michael Lyons and Will Ward University of Western Sydney This paper compares and contrasts the federal Coalition government’s system of taxing non-cash remuneration with its industrial relations system based on agreement making between employers and employees. It was anticipated that synergies between the two policies would be detected bec...

OBJECTIVES Pharmacists provide a wide range of professional services to support the appropriate use of medicines by patients. This study aims to conduct an international, comparative analysis of remuneration models for pharmaceutical professional services. METHODS Information about remuneration models was derived from a literature review and a semi-structured questionnaire completed by expert...

INTRODUCTION Several factors, including comparatively low remuneration, may be responsible for the decline in applicants to general surgery. In this study, the levels of remuneration of general surgeons in the state sector were compared with other professionals in the state sector and general surgeons overseas. METHODS The study involved a combination of desk research and structured interview...

Using a dynamic heterogeneous agent industry model we examine the impact of manager remuneration schemes on firms investment decisions and on the evolution of their competitiveness and share values. Whereas an increase in the share-based manager remuneration component is always beneficial to the manager, it is beneficial for shareholders only if such a change in the remuneration scheme is adopt...

In this commentary, we discuss the advantages and disadvantages of the following incentive-based remuneration systems in dentistry: fee-for-service remuneration, per capita remuneration, a mixed payment system (a combination of fee-for-service remuneration and per capita remuneration) and pay-for-performance. The two latter schemes are fairly new in dentistry. Fee-for-service payments secure hi...

Abstract In this paper, we study the effect a CEO’s international work experience has on his or her compensation. By combining human capital theory with resource dependence and resource-based perspective, argue that translates into higher pay. We also suggest comprises several dimensions affect CEO compensation: duration, timing breadth of stays abroad. With data from Europe’s largest stock mar...

UNLABELLED Generic medicines can generate larger savings to health care budgets when their use is supported by incentives on both the supply-side and the demand-side. Pharmacists''remuneration is one factor influencing the dispensing of generic medicines. OBJECTIVE The aim of this article is to provide an overview of different pharmacist remuneration systems for generic medicines in Europe, w...

Tosi and Gomez-Mejia, (1989) suggest that the challenge of corporate governance is to set up supervisory and incentive alignment mechanisms that alter the risk and effort orientation of agents to align them with the interests of principals. Therefore, the objective of this study is to determine the efficiency of monitoring and incentive contracts given certain characteristics of the firm. That ...

Corporate governance guidelines in many countries do not specify the determinants of non-executive director compensation and the empirical evidence has only briefly and indirectly addressed this issue. We show that this question is fundamentally complex because (a) whilst the roles of non-executive directors are relatively well stated, their actual contributions remain unclear, (b) governance c...