Ivey Business Journal Online

Bimonthly journal publishing scholarly articles written by business management professionals.

Articles from May/June

Are Boards and CEOs Accountable for the Right Level of Work?
The court of public opinion says that CEOs are overpaid. This author does not have an argument with that per se, but he does argue, compellingly, that CEOs are overpaid not necessarily because their company under-performs, but because they are being...
Collaborative Environments: An Effective Tool for Transforming Business Processes
In times of crisis or catastrophe, managers have regretted not having more efficient, responsive communication systems. Collaborative environments, which enable company-wide global teams to identify the source of the problem and develop a response, are...
Dean Carol Stephenson on Executive Compensation
According to the latest Globe and Mail Report on Business survey on executive compensation, Canadian CEOs "took home an average of about 8.3 percent more in 2003 than in 2002," which includes "all forms of compensation, such as gains from exercising...
Executive Coaching: A Catalyst for Personal Growth and Corporate Change
A relatively new management tool, executive coaching has proven its value to CEOs facing complex business and personal challenges. Behind every successful intervention are a successful professional coach and a receptive, committed CEO. This author describes...
Fair or Excessive? A Reliable Model for Determining the Appropriateness of Executive Compensation
A divergence of interests between a company's shareholders and executives is at the root of the "agency problem." No issue illuminates just how acute the problem is than executive compensation. Who's right and what's fair compensation. Managers with...
Making Executive Pay Work
Stock-option expensing will probably satisfy governance and shareholder activists, but it may also prove to be a blessing in disguise, forcing, or enabling, companies to design a new plan that enables them to reward executives with stock and that satisfies...
Managing the Complex Relationship between Executive Pay and Performance
A well designed pay program must attract and retain high caliber executives. Meeting this challenge has become more intense and complex since stock options began to fall out of favour. These authors, specialists in executive compensation, put forward...
Reflections of a Veteran Director: The Unsatisfactory Performance of Nortel's "Distinguished" Board
One of Canada's most outspoken - and respected - critics of corporate governance practices has harsh words - and a valuable message - for board chairmen and directors, particularly those at Nortel.In spite of the efforts of many business leaders, investors,...
Stretch! How Great Companies Grow in Good Times and Bad
To the surprise of many, it's back! We're talking about GROWTH, the intoxicating - and in many cases, company destroying - strategy that had fallen out of favour these past five years or so. But look, along with a stock market revival, the pace of M&A's...
The Wall Street Example: Bringing Excessive Executive Compensation into Line
The market is up, and the CEO is rewarded with a huge compensation package. The market is down, and the CEO is rewarded with a huge compensation package. There's plenty wrong with this picture, not the least of which is the lack of any link between pay...
Twelve Years Later: Understanding and Realizing the Value of Balanced Scorecards
The balanced scorecard is one of the most successful, endurable management concepts in recent years, but it is also frequently misunderstood. In this article, the co-authors of Making Scorecards Actionable suggest ways in which managers can make the...