Executive Compensation - Latest European News
December 10, 2008
Christopher Walter and Chris Bracebridge
Issues related to executive compensation and particularly bonuses remain front page news in Europe. Calls for reform are increasingly insistent and far-ranging, although it is too soon to predict how pay practices will change over coming months and years. What is likely, however, is that changes made in the financial services sector will influence pay practices in other industries. In this Stay Current, we consider some of the themes emerging in Europe in relation to executive compensation. We also provide a brief update on the tax treatment of unapproved share option plans in the UK and discuss a case illustrating the difficulty of defining "pay".