Corporate commitment to sustainability : is it all hot air? An Australian review of the linkage between executive pay and sustainable performance
Deegan, Craig & Islam, Muhammad Azizul (2012) 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.
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.
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|Item Type:||Journal Article|
|Keywords:||Corporate commitment, Sustainable performance, Executive Pay|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000)|
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
|Copyright Owner:||Copyright 2012 CPA Australia|
|Deposited On:||21 Mar 2013 05:45|
|Last Modified:||12 Jun 2013 15:39|
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