Conversion, performance and executive compensation in UK building societies

Shiwakoti, Radha K., Ashton, John K. and Keasey, Kevin (2004) Conversion, performance and executive compensation in UK building societies. Corporate Governance: An International Review, 12 (3). pp. 361-370. ISSN 0964-8410

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Abstract

Interest in the causes of the conversion of building societies from a mutual to a proprietary form of ownership has grown in recent years. In this study, one of a number of possible explanations underlying the conversion of building societies is examined; namely, the potential for directors to enhance their remuneration once plc status has been achieved. Empirical tests indicate that the large increases in remuneration for converted building society boards and chief executives are not justified in terms of company performance and may, indeed, have been a factor driving the conversion of building societies.

Item Type:	Article
Faculty \ School:	Faculty of Social Sciences > Norwich Business School
Depositing User:	Vishal Gautam
Date Deposited:	01 Jul 2004
Last Modified:	17 Jan 2024 01:23
URI:	https://ueaeprints.uea.ac.uk/id/eprint/16546
DOI:	10.1111/j.1467-8683.2004.00377.x

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