Will annual binding votes on executive pay actually discourage short-termism in large firms? Mark Goyder, chief executive of Tomorrow’s Company, says Yes. Remuneration structures are one cause of short-termism. Others include short chief executive tenure, threats from opportunistic shareholders, noise created by sell-side research, and the marketing need for fund management companies to demonstrate performance. Listed companies can move away from the madness with three steps. First, in its [...]
