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The governance of CEO incentives in English NHS Hospital Trusts
journal contribution
posted on 2023-06-08, 14:15 authored by Joan Ballantine, John Forker, Margaret GreenwoodInstitutional arrangements for the governance of CEO pay and turnover in English NHS Hospital Trusts replicate best practice for listed companies but with the additional feature of centrally imposed performance measurement. In this paper we investigate the impact of this unique combination of incentives on the relationship between CEO pay/turnover and Trust financial and operating performance in the period 1998–2005. We identify a strong association between poor Trust performance and CEO turnover but find little evidence that remuneration committees relate pay to performance in the best performing Trusts. Our findings raise questions about the economic rationale for remuneration committees in the governance of NHS Hospital Trusts.
History
Publication status
- Published
Journal
Financial Accountability & ManagementISSN
02674424Publisher
Blackwell PublishingExternal DOI
Issue
4Volume
24Page range
385-410Department affiliated with
- Business and Management Publications
Full text available
- No
Peer reviewed?
- Yes
Legacy Posted Date
2013-01-21Usage metrics
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