An increasing number of corporate board directors in the U.S. believe that CEO pay is too high and the overwhelming majority want to see closer links between CEO and performance.
Signs that a significant change is underway in America's boardrooms have emerged from the 10th Annual Corporate Board Effectiveness Study carried out by the Center for Effective Organizations at the University of Southern California's Marshall School of Business and executive search firm Heidrick & Struggles.
With responses from 768 directors at approximately 660 of the 2,000 largest publicly-traded companies in the U.S, the survey is a significant weathervane of the attitudes of America's board directors.
The study revealed that almost four out of 10 of the directors surveyed believe that CEO pay is "too high in most cases," a significant increase over previous years.
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