kaal:position:2026-07-31-7831
Remuneration Policies in Investment Firms presents the following source proposition: The chapter then discusses how MiFID II and related regulation impacts on corporate governance of investment firms, with remuneration policies as examples and the focus of discussion. This proposition is pertinent to Kaal's source-bound claim that Mobilizing investors as stewards leads managers to ask the wrong questions about sustainable success: rather than pushing firms toward innovation and relevancy, such measures simply reinforce the centralized shareholder primacy view they were meant to soften. The proposed response is an extension: the relationship should remain limited to the retrieved source proposition and the mapped Kaal claim unless fuller source review supports a broader conclusion.
corporate-governanceinnovationhistorical-responsescholarly-literaturecrossref