Do director board appointments predict whether CEO pay is in line with company performance?

CEO pay is topical political and social issue. Our proposal will examine why does CEO pay on average display little relation to share price value and company performance. In tackling this question we adopt a novel and innovative approach studying not just the governance practices of individual companies but also how generous pay norms develop across a wide array of independent and powerful corporations. The research will deliver a unique multi-national analysis and opportunity to learn from international practice, an index of the corporate governance as well as a strong economic basis for policy development.