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1、本科毕业论文（设计）外文翻译原文：Long-termincentiveschemes,executiveremunerationandcorporateperformance:anempiricalstudyIntroductionIn1995theGreenburyCommitteeReportwaspublishedaspartofthewiderconcernwithcorporategovernanceissuesbeginningwiththeCadburyCommitteeReportin1992.TheG
2、reenburyReportrecommendedthatcompaniesshouldintroducemoredisclosureandtransparencyintheirreportingofexecutivedirectorsremunerationpackages.Asaresultcom-paniesnowprovidecomprehensivedetailsofexecutivepayintheRemunerationCommitteeReport(containedinthecompany'smain
3、AnnualReportandAccounts).Specifically,abreakdownisgivenforeachexecutivebynameoftheirsalaries,benefitsinkind,annualbonusand“other”payments,forexample,profitshare,compensationforlossofoffice,togetherwithdetailsofnewandoutstandinggrantsofoptionsandlong-termincentiv
4、eplans(LTIP)grantsandthemoneyvalueofoption/LTIPgrantswhichhavebeenexercisedduringthefinancialyear.Previously,companiestypicallyonlypublished“aggregated”detailsofindividualsalaries,benefitsinkindandannualbonuses,reportingindividualsalariesanonymouslyinpay“bands”w
5、hiledetailsofthemoney-valueofoption/LTIPexerciseswererarelydisclosed.Inadditiontotheabove,Greenburyrecommendedthemorewidespreadadoptionofperformance-relatedincentiveschemes(optionsandLTIPs).Previouslymostcompanieshadoperatednon-performance-relatedoptionschemes,a
6、lthoughanincreasingnumberofthemhadadoptedperformancecriteriaintherun-uptoGreenbury.MoreparticularlythedeploymentoftherecentlyintroducedLTIPwasgivenaddedimpetus.InthemeantimetheUKgovernmenthasrecentlybecomemoreandmoreconcernedatthesizeofpayincreasesawardedtotheex
7、ecutivesoflargecompaniesand,inparticular,thesubstantialpayoutstheyhavebeenreceivingfromoptionandLTIPschemes,seeminglynotjustifiedbyequivalentimprovementsincompanyperformance.InresponsethegovernmentisnowconsideringamendmentstotheCompanies'Acttomakeexecutivedirect
8、orsmore“accountable”totheirshareholdersonpayissues,includingarequirementthattheRemunerationCommitteeReportbevotedonbyshareholdersseparatelyfromthemainReportandAccount
