Restrictions upon the Executive Pay in the Private Sector: A Comparative Study

This study examines the legislation and the regulation related to the restrictions imposed upon executive pay in the private sector. The study disscuses whether there are substantial limits on the amounts of wages, including those that absolutely prohibit deviating from a certain ceiling and rules that impose a strict regulatory supervision on the remuneration policy of public companies. This study reviews nine states, all with developed financial sector, where excessive remuneration for executive officials is a common practice: The United States of America (federal), New-York, California, the European Union, Germany, Great Britain, France, Switzerland and Singapore.

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