kaal:claim:2097160-008

Adding contingent convertible bonds with an early trigger to executive compensation packages creates a corporate governance mechanism that addresses the inability of contractual control rights to constrain executive opportunism.

Source quote, verbatim

Adding contingent convertible bonds with an early trigger to executive compensation packages can create a corporate governance mechanism that helps address these shortcomings.128

From

Wulf A. Kaal, Contingent Capital in Executive Compensation (2012), IV. Incomplete Contract Theory, p. 29
https://ssrn.com/abstract=2097160 · source PDF

Cite as

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

Classification

designsupport: arguedcontingent-capitalgovernance-designcorporate-governance

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