executive remuneration

*Compensation paid to an organization’s *directors and senior *management. Levels of executive remuneration are a sensitive topic, and they are subject to *disclosure in financial statements under most systems of *Generally Accepted Accounting Principles. Other *corporate governance measures in this area can include (i) the existence of *remuneration committees to determine executive remuneration, (ii) the linking of remuneration levels to individual and organizational performance (including changes in the * value of a corporation’s *common stock), (iii) internal audits of executive pay, and (iv) the releasing of executive remuneration details to the media in the interests of openness. Further reading: Keasey and Wright (1999)

Auditor's dictionary. 2014.

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