# kaal:claim:2097160-031

**Claim.** Regulatory guidance on contingent capital design and issuance may be needed to curtail executive involvement in designing these instruments and to produce socially optimal designs.

**Type.** normative  **Support.** argued

**Holds when.**

- regulators unlikely to supply rules or best practice guidance in the near term

**Source quote.**

> Regulatory guidance on contingent capital designs and issuances may be needed to curtail the involvement of executives in the design of contingent convertible bonds and create socially optimal designs.200

**From.** Wulf A. Kaal, *Contingent Capital in Executive Compensation* (2012), V.C Design Features to Avoid Abuse, page 52

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

**Verify.** sha256 of source PDF `1e1f8aa246bce19f4658dbceb455c7c2a272aa5d63a9e9bdaa46a3a5a87680fc` at https://raw.githubusercontent.com/wulfkaal/Academic-Papers/main/papers/pdf/Kaal%20-%202012%20-%20Contingent%20Capital%20in%20Executive%20Compensation.pdf

**Topics.** contingent-capital

**Keywords.** regulatory-guidance, best-practices, socially-optimal-design, contingent-capital

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