TY - JOUR AB - For many years, executive compensation, with the forms of base salary, bonus, stock options, stock grants, pension and other benefits (car, healthcare etc.) was deemed as a complex and controversial subject that has attracted the attention of regulators, media and academics for further investigation. Initially, the objective of a properly designed executive pay was to attract, retain and motivate the senior management and solve agency problems. However, this incentive took a different turn where senior management took advantage to satisfy its personal needs resulting in the collapse of well-known companies such as Enron, WorldCom and converting executive compensation as corporate governance (hereafter, CG) problem. AU - Christina Ionela Neokleous DA - 2015/1// DO - 10.5526/esj41 IS - 1 VL - 7 PB - University of Essex Library Services PY - 2015 TI - Executive Compensation as a Corporate Governance Problem T2 - Essex Student Journal UR - http://publications.essex.ac.uk/esj/article/id/41/ ER -