Abstract
This paper draws from a unique database spanning over 35 years of Canadian CEOs’ compensation to explorethe interplay among: the information available to boards of directors of Canadian companies for makingexecutive pay decisions, the Canadian business environment, and the compensation that Canadian CEOsreceived. We find a very strong correlation between Canadian CEOs’ compensation and the amount ofinformation on CEO compensation available to boards of directors. We further note that the evolution of theCanadian business environment has shaped the information produced and made available to boards of directorsregarding CEO compensation.
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