
The Governance of Remuneration in Europe
February 3, 2025
This study focuses on the governance of remuneration – the remuneration of executive and non-executive directors as well as the elements that comprise short-term incentive plans (STIPs) and long-term incentive plans (LTIPs), among other pay elements. These topics are examined to identify how various European countries have interpreted and internalized different remuneration elements in order to bolster long-termism in general and sustainability, in particular. The study takes into account corporate governance codes of the following European countries: Belgium, France, Germany, Greece, Italy, Norway, Poland, Spain, Sweden and the UK. These countries were chosen because they are different from one another in terms of regulations, market practices, and economies; therefore, they can give a clear picture of the diverse corporate governance landscape in Europe.