BOARD COMPENSATION OF PORTUGUESE BANKS IN PSI20
Autor(a) principal: | |
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Data de Publicação: | 2011 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista Universo Contábil |
Texto Completo: | https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2076 |
Resumo: | The board compensation is one of the most sensitive themes to be treated. The remuneration as a whole must be perceived as fair and not be directly related to the short-term results, thereby avoiding embarrassing situations. The financial crisis started in 2007 promoted tighter legal standards for the financial sector in general and in particular for the policies of compensation and disclosure of the board compensation of companies in the financial sector. Adopting a case study methodology as a complement of the theoretical dimension which constitutes the first part of this paper, the compensation of Portuguese banks directors listed on NYSE Euronext Lisbon (PSI 20 Index) was studied. The results reveal that there isn’t a coherent set of best practices regarding board compensation of financial institutions located in Portugal. It is expected, considering the legislative changes produced, that in the near future new practices will be defined for the financial sector, converging among them. |
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BOARD COMPENSATION OF PORTUGUESE BANKS IN PSI20REMUNERAÇÃO DOS ADMINISTRADORES DOS BANCOS PORTUGUESES DO PSI20Board of Directors. Compensation. Corporate ethics.Conselho de AdministraçãoRemuneraçõesÉtica EmpresarialThe board compensation is one of the most sensitive themes to be treated. The remuneration as a whole must be perceived as fair and not be directly related to the short-term results, thereby avoiding embarrassing situations. The financial crisis started in 2007 promoted tighter legal standards for the financial sector in general and in particular for the policies of compensation and disclosure of the board compensation of companies in the financial sector. Adopting a case study methodology as a complement of the theoretical dimension which constitutes the first part of this paper, the compensation of Portuguese banks directors listed on NYSE Euronext Lisbon (PSI 20 Index) was studied. The results reveal that there isn’t a coherent set of best practices regarding board compensation of financial institutions located in Portugal. It is expected, considering the legislative changes produced, that in the near future new practices will be defined for the financial sector, converging among them.O tema do valor da remuneração dos administradores é um dos mais sensíveis de ser tratado. A remuneração, no seu conjunto, deve ser percepcionada como justa e não estar directamente relacionada com os resultados a curto prazo, evitando deste modo situações embaraçosas. A crise financeira iniciada em 2007 promoveu normas legais mais apertadas, para o sector financeiro, em geral, e para as políticas de remuneração e de divulgação da remuneração dos administradores das instituições do sector financeiro, em particular. Seguindo uma metodologia de estudo de casos, como complemento da dimensão teórica que constitui a primeira parte desta comunicação, estudámos a remuneração dos conselhos de administração dos bancos portugueses cotados na NYSE Euronext Lisbon (Índice PSI20). Os resultados deixam perceber que não existe um conjunto coerente de boas práticas, no que respeita à remuneração dos administradores das instituições bancárias, em Portugal. É de esperar, perante as alterações legislativas produzidas, que se venham a definir práticas futuras para o sector bancário, que sejam convergentes entre si.Universidade Regional de Blumenau2011-07-25info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/207610.4270/ruc.20117Revista Universo Contábil; v. 7 n. 2 (2011); 130-1451809-33371809-3337reponame:Revista Universo Contábilinstname:Universidade Regional de Blumenau (FURB)instacron:FURBporhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2076/1626Copyright (c) 2014 Revista Universo Contábilinfo:eu-repo/semantics/openAccessRodrigues, Jorge José MartinsSeabra, Fernando Miguel dos Santos Henriques2011-07-31T23:33:08Zoai:ojs.bu.furb.br:article/2076Revistahttps://proxy.furb.br/ojs/index.php/universocontabil/PUBhttps://proxy.furb.br/ojs/index.php/universocontabil/oai||universocontabil@furb.br1809-33371809-3337opendoar:2011-07-31T23:33:08Revista Universo Contábil - Universidade Regional de Blumenau (FURB)false |
dc.title.none.fl_str_mv |
BOARD COMPENSATION OF PORTUGUESE BANKS IN PSI20 REMUNERAÇÃO DOS ADMINISTRADORES DOS BANCOS PORTUGUESES DO PSI20 |
title |
BOARD COMPENSATION OF PORTUGUESE BANKS IN PSI20 |
spellingShingle |
BOARD COMPENSATION OF PORTUGUESE BANKS IN PSI20 Rodrigues, Jorge José Martins Board of Directors. Compensation. Corporate ethics. Conselho de Administração Remunerações Ética Empresarial |
title_short |
BOARD COMPENSATION OF PORTUGUESE BANKS IN PSI20 |
title_full |
BOARD COMPENSATION OF PORTUGUESE BANKS IN PSI20 |
title_fullStr |
BOARD COMPENSATION OF PORTUGUESE BANKS IN PSI20 |
title_full_unstemmed |
BOARD COMPENSATION OF PORTUGUESE BANKS IN PSI20 |
title_sort |
BOARD COMPENSATION OF PORTUGUESE BANKS IN PSI20 |
author |
Rodrigues, Jorge José Martins |
author_facet |
Rodrigues, Jorge José Martins Seabra, Fernando Miguel dos Santos Henriques |
author_role |
author |
author2 |
Seabra, Fernando Miguel dos Santos Henriques |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Rodrigues, Jorge José Martins Seabra, Fernando Miguel dos Santos Henriques |
dc.subject.por.fl_str_mv |
Board of Directors. Compensation. Corporate ethics. Conselho de Administração Remunerações Ética Empresarial |
topic |
Board of Directors. Compensation. Corporate ethics. Conselho de Administração Remunerações Ética Empresarial |
description |
The board compensation is one of the most sensitive themes to be treated. The remuneration as a whole must be perceived as fair and not be directly related to the short-term results, thereby avoiding embarrassing situations. The financial crisis started in 2007 promoted tighter legal standards for the financial sector in general and in particular for the policies of compensation and disclosure of the board compensation of companies in the financial sector. Adopting a case study methodology as a complement of the theoretical dimension which constitutes the first part of this paper, the compensation of Portuguese banks directors listed on NYSE Euronext Lisbon (PSI 20 Index) was studied. The results reveal that there isn’t a coherent set of best practices regarding board compensation of financial institutions located in Portugal. It is expected, considering the legislative changes produced, that in the near future new practices will be defined for the financial sector, converging among them. |
publishDate |
2011 |
dc.date.none.fl_str_mv |
2011-07-25 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2076 10.4270/ruc.20117 |
url |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2076 |
identifier_str_mv |
10.4270/ruc.20117 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2076/1626 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2014 Revista Universo Contábil info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2014 Revista Universo Contábil |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
dc.source.none.fl_str_mv |
Revista Universo Contábil; v. 7 n. 2 (2011); 130-145 1809-3337 1809-3337 reponame:Revista Universo Contábil instname:Universidade Regional de Blumenau (FURB) instacron:FURB |
instname_str |
Universidade Regional de Blumenau (FURB) |
instacron_str |
FURB |
institution |
FURB |
reponame_str |
Revista Universo Contábil |
collection |
Revista Universo Contábil |
repository.name.fl_str_mv |
Revista Universo Contábil - Universidade Regional de Blumenau (FURB) |
repository.mail.fl_str_mv |
||universocontabil@furb.br |
_version_ |
1798945115813707776 |