What works for exec pay: Internal metrics or peer group benchmarks?

Are executive pay peer group benchmarks the new credit ratings?

New research from the Investor Responsibility Research Centre Institute (IRRCi) suggests that over-dependence on peer group benchmarking for setting executive pay is the root cause of pay inflation in the USA and that a holistic, business-centric approach to setting reward¬†is needed by boards, investors and regulators, including the courts.… Read the rest