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xifengxiaoyue · 2023年12月07日

题目中的 most likely to be expressed by board members不应该是说问下面哪个更代表董事

NO.PZ2022120701000048

问题如下:

Which executive remuneration concern is most likely expressed by board members?

选项:

A.Across the market as a whole, executive pay rates continue to ratchet up. B.Executive pay does not reflect the market performance of the shares. C.The executive pay structure does not incentivize executives to deliver maximum value.

解释:

Misunderstandings between board members and investors over executive pay have led to a lack of trust between the two parties, with board members concerned that their remuneration proposals could be voted down by investors This situation may lead to the negotiation of a compromised executive pay structure that does not necessarily enable the executives to unlock the full potential of the company but is likely to receive voting support from investors Broader concerns about market rates for executive pay and potential disconnects between executive pay and market performance are more often expressed by investors who are not on the board

题目中的 most likely to be expressed by board members不应该是说问下面哪个更代表董事会成员的诉求吗?那C说not maximize value, 不去实现公司价值最大化不应该与董事会成员的追求相悖吗?看了以上几个回答的解析还是不太明白

1 个答案

净净_品职助教 · 2023年12月07日

嗨,从没放弃的小努力你好:


这道题选的就是C选项。

如果高管的薪酬结构不能激励高管去最大化价值,那么董事会成员会表示担忧,也就是说,董事会成员会关注这个薪酬结构能否有足够的激励效果。

我感觉同学对这个知识点的理解没有问题,是不是题目表达上面造成了混淆。


  • 选项A(市场整体的高管薪酬持续上涨)和选项B(高管薪酬与市场表现脱节)更可能是投资者而非董事会成员所关心的问题。投资者通常关注高管薪酬是否与其带来的市场表现和股东价值提升相符合。
  • 选项C反映了董事会可能面临的一种困境,即如何设计一个既能获得投资者支持,又能激励高管实现公司长期价值最大化的薪酬结构。董事会成员在制定薪酬计划时需要平衡这些因素,以确保高管的激励与公司目标一致,并获得股东的认可。


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