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Corporate commitment to sustainability – is it all hot air? An Australian review of the linkage between executive pay and sustainable performance

Citation

Deegan, C and Islam, MA, Corporate commitment to sustainability - is it all hot air? An Australian review of the linkage between executive pay and sustainable performance, Australian Accounting Review, 22, (4) pp. 384-397. ISSN 1035-6908 (2012) [Refereed Article]


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DOI: doi:10.1111/j.1835-2561.2012.00177.x

Abstract

Across time, companies have increasingly made public commitments to sustainable development and to reducing their impacts on climate change. Management remuneration plans (MRPs) are a key mechanism to motivate managers to achieve corporate goals. We review the MRPs negotiated with key management personnel in a sample of large Australian carbon‐intensive companies. Our results show that, as in past decades, the companies in our sample have MRPs in place that continue to fixate on financial performance. We argue that this provides evidence of a disconnection, or ‘decoupling’, between the sustainability‐related rhetoric of the sample companies, and their ‘real’ organisational practices and priorities.

Item Details

Item Type:Refereed Article
Keywords:sustainability, executive pay, sustainable performance
Research Division:Commerce, Management, Tourism and Services
Research Group:Accounting, Auditing and Accountability
Research Field:Accounting Theory and Standards
Objective Division:Expanding Knowledge
Objective Group:Expanding Knowledge
Objective Field:Expanding Knowledge in Commerce, Management, Tourism and Services
UTAS Author:Deegan, C (Mr Craig Deegan)
ID Code:138434
Year Published:2012
Web of Science® Times Cited:5
Deposited By:Accounting and Corporate Governance
Deposited On:2020-04-08
Last Modified:2020-04-08
Downloads:0

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