The Platonic Remuneration Committee

Bender, Ruth

doi:10.2139/ssrn.1647005

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The Platonic Remuneration Committee

28 Pages Posted: 24 Jul 2010

See all articles by Ruth Bender

Ruth Bender

Cranfield School of Management

There are 2 versions of this paper

Date Written: April 2007

Abstract

Plato describes a world of Ideals, and suggests that our own world contains just shadows of these perfect forms. The contention of this paper is that the remuneration committee as envisaged by regulation is an unattainable Platonic Ideal. Interview-based research with the remuneration-setting protagonists in a selection of FTSE 350 companies illustrates how these ideals are translated into practice and shows the realities behind the rhetoric.

Keywords: remuneration, compensation, interview, governance, Platonic ideal, rhetoric

JEL Classification: G35

Suggested Citation: Suggested Citation

Bender, Ruth, The Platonic Remuneration Committee (April 2007). Available at SSRN: https://ssrn.com/abstract=1647005 or http://dx.doi.org/10.2139/ssrn.1647005