kaal:claim:2097160-001

Early European initiatives to put contingent convertible bonds into executive pay lack governance-improving designs; contingent convertible bonds with an early conversion trigger should be used in executive compensation instead.

Source quote, verbatim

Early initiatives by European SIFIs to include contingent convertible bonds in executive compensation packages lack governance-improving designs. This Article suggests the use of contingent convertible bonds with an early conversion trigger in executive compensation.

From

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012), Abstract, p. 1
https://ssrn.com/abstract=2097160 · source PDF

Cite as

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012). SSRN: https://ssrn.com/abstract=2097160

Holds when

systemically important financial institutions
executive compensation packages

Classification

designsupport: arguedfailure: Governance-blind CoCo compensation designsfamily: agency-cost-and-managerial-opportunismcontingent-capitalcorporate-governancegovernance-designsystemic-risk

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