Work

The Governance of Ceo Incentives in English Nhs Hospital Trusts

Year: 2008

Type: article

Abstract: Institutional 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.

Source: Financial Accountability and Management

DOI: 10.1111/j.1468-0408.2008.00459.x

Authors: Joan Ballantine, John Forker, Margaret Greenwood

Institutions: University of Ulster, University of Bath

Language: English

Topic: Corporate Finance and Governance

Subfield: Accounting

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W3124044822

FWCI: 2.175

Cites: 53

Cited by: 32

Related to: 10