Abstract
It has been argued that there is a conflict of interest when executive directors take part in setting their own pay and that no director should be involved in deciding his or her own remuneration. The aim of Corporate Governance is to address the inherent conflicts of interest between directors of a corporation and its managers that is, a balance between those who make decisions and those who execute decisions. Disclosure of directors remuneration is increasingly regarded as good practice and is now mandated in several countries. Some jurisdictions call for disclosure of remuneration of a certain number of the highest paid executives, while in others it is confined to specified positions. The CMA requires that the remuneration policy especially of executive directors should include an element that is linked to corporate performance.
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