August 19, 2010
Norway Proposes Performance Pay Cap
– Broc Romanek, CompensationStandards.com
Recently, the Norwegian Corporate Governance Board proposed to revise its corporate governance code to require an absolute limit to performance-related compensation. And while companies listed in Norway would be able to decide at what level to cap performance pay, they would be required to disclose that limit to shareholders. Note that Norway is not part of the European Union.