Lucian Bebchuk delivered a keynote address at the annual meeting of the International Corporate Governance Network (ICGN) taking place this month in Toronto, Canada. The meeting drew over 400 participants from 40 countries. Bebchuk’s speech focused on reforming executive pay structures to tighten the link between pay and long-term performance. The address built on three research studies issued by the Harvard Law School Program on Corporate Governance:
- The Wages of Failure: Executive Compensation at Bear Stearns and Lehman 2000-2008 (co-authored with Alma Cohen and Holger Spamann)
- Paying for Long-Term Performance (co-authored with Jesse Fried)
- Regulating Bankers’ Pay (co-authored with Holger Spamann)
Bebchuk’s presentation slides are available here.
Next Tuesday, June 15, Bebchuk will discuss the above studies in a webinar sponsored by the IRRC Institute. Registration for the webinar is free and can be done here.