IDEAS home Printed from https://ideas.repec.org/a/bla/corgov/v6y1998i3p174-187.html
   My bibliography  Save this article

Directors’ Financial Rewards in the Water Industry

Author

Listed:
  • John Samuels
  • A.G. Piper

Abstract

This paper examines the financial rewards received by the directors of the listed Water companies in the five years following privatisation. It considers the salaries, the bonus payments, the gains from executive share options, and the increase in pension entitlements. The increase in the level of the financial rewards of directors of Water companies was greater over this period than of directors in other companies. This was partly the result of the comparatively lower levels of salaries prior to privatisation and partly the result of high gains from executive share options. One of the reasons for the high level of gain on options was the underpricing of the initial public offer of shares. From a corporate governance point of view the period following privatisation was unique in terms of the conditions in which the companies were operating. The annual levels of reward for those directors in post five years after privatisation was in line with directors of similar size companies.

Suggested Citation

  • John Samuels & A.G. Piper, 1998. "Directors’ Financial Rewards in the Water Industry," Corporate Governance: An International Review, Wiley Blackwell, vol. 6(3), pages 174-187, July.
    • Handle: RePEc:bla:corgov:v:6:y:1998:i:3:p:174-187
    DOI: 10.1111/1467-8683.00102
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-8683.00102
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-8683.00102?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:corgov:v:6:y:1998:i:3:p:174-187. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0964-8410&site=1 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.