The laws and regulations related to remuneration practices: a comparative and analytical investigation into legal aspects

Almhmoud, Abdullah
The laws and regulations related to remuneration practices: a comparative and analytical investigation into legal aspects. PhD thesis, University of Liverpool.

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This research aims to contribute to the analysis of the laws and regulations related to remuneration practices. It is also intends to offer recommendations and solutions to the problem of setting levels and Structures of remuneration in Saudi Arabia, an area which is currently neglected despite its importance. Remuneration is a crucial tool in solving the agency problem between shareholders and managers in public companies where the separation of ownership and control exists by providing incentives. However, in Saudi Arabia this practice shows a tendency towards high fixed remuneration and variable remuneration set without any clear links between this and performance, causing variable remuneration to become another salary. Since inadequate laws and regulation have been found to be at least partially responsible for this state of affairs, solving this problem requires careful analysis of the most important jurisdictions which have developed laws and regulations. Thus, the thesis adopts a comparative legal study of the relevant laws and regulations within a descriptive and analytical framework, presenting a detailed discussion of remuneration regulation in the UK, EU and USA. Moreover, informal discussions have been conducted with individuals in the public sectors of the Saudi Arabian Monetary Agency (SAMA) and the Capital Market Authority (CMA), in order to complement the black letter law analysis of the research, by providing a realistic insight into the nature of the challenges in formulating the policy process in Saudi Arabia. Serious flaws and shortcomings were found in the existing law and regulation regarding remuneration in Saudi Arabia, and recommendations for reform of these are provided.

Item Type: Thesis (PhD)
Additional Information: alt_title: Bankers' remuneration Date: 2015-03 (completed)
Subjects: ?? K1 ??
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Depositing User: Symplectic Admin
Date Deposited: 30 Jul 2015 08:37
Last Modified: 17 Dec 2022 01:34
DOI: 10.17638/02013939