Arsalidou, D and Lui, A (2018) Post Brexit Britain and the Pay Culture: Challenges and Opportunities. Northern Ireland Legal Quarterly, 69 (2). pp. 107-125. ISSN 0029-3105

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Abstract

This paper examines the impact of Brexit on the financial services regulation in relation to three areas linked to executive remuneration. They include: the bonus cap, the clawback of pay and the level of disclosure needed by shareholders regarding details of directors’ remuneration. It will be argued that legally, Brexit will have little impact on all three areas. UK legislation has already incorporated a great deal of EU legislation. Status quo of retaining such legal restrictions seems sensible in light of public sentiment towards unfairness in executive compensation and uncertainty towards the Brexit negotiations. Nevertheless, London faces stiff competition from other major international financial centres in a post-Brexit era. The loss of single passporting rights is also encouraging major banks to invest in other European financial centres. Brexit creates opportunities too. With the integration of digital technology, it is possible to create convenient platforms where investors can read reports on executive remuneration.

Item Type:	Article
Uncontrolled Keywords:	1801 Law
Subjects:	K Law > K Law (General)
Divisions:	Law
Publisher:	Queen's University Belfast, School of Law
Date Deposited:	18 Apr 2018 11:20
Last Modified:	04 Sep 2021 10:33
URI:	https://researchonline.ljmu.ac.uk/id/eprint/8513

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