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Evaluation and remuneration methodology of top managers
Procházková, Kateřina ; Paseková, Marie (referee) ; Bartoš, Vojtěch (referee) ; Suchánek, Petr (referee) ; Škapa, Stanislav (advisor)
The dissertation focuses on the creation of a new methodology of evaluation and remuneration for top managers in the environment of the Czech manufacturing industry. Based on a literature search, individual methods of evaluation and remuneration of this selected group of employees were defined. Due to the complexity of the issues addressed, it is also necessary to focus on the company's performance, which is monitored through the EBITDA indicator. This indicator is then the main pillar for the remuneration of managers. The methodology consists of two more pillars. The first is the macroeconomic indicator of gross domestic product, the second is the qualitative factor of the ethical aspect of the manager's work. The work aims to create a remuneration methodology that will be usable for the Czech environment, will combine the manager's remuneration with his performance and the performance of the company and could lead to a reduction in the cost of representation. The key to its creation was the acquisition of primary data through questionnaire surveys and pilot studies, which were evaluated by mathematical and statistical methods. The resulting methodology is applied to a specific company within the verification of the proposed methodology.
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Proposal for redesign of internet presentation for S.K. Industrietechnik company
Jurík, Martin ; Klein, Karol (referee) ; Kříž, Jiří (advisor)
This work will be about redesign and complete reconstruction of S.K. Industrietechnik company internet presentation. In the first part there will be analysis of mistakes and problems in the old presentation. In the next part I will refer about some procedures and techniques used in webdesign. There will be also some links to languages used in internet environment. I will use some samples of XHTML, CSS and PHP. Also some parts about design and SEO (Search engine optimalization) will be included. At the end there will be benefit of the new presentation.
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The legal status of CEOs in the corporate governance of Czech and foreign joint stock companies
Ryšina, Petr ; Hurychová, Klára (advisor) ; Pelikán, Robert (referee)
The Legal Status of CEOs in the Corporate Governance of Czech and Foreign Joint Stock Companies Abstract CEOs play a crucial role in corporate governance, and understanding their legal status is fundamental to board organisation practices. This thesis aims to map the question of the legal status of CEOs, with a focus on regulatory approaches to CEOs and chairpersons of the board in different regions. The research established two main approaches to regulating CEO's legal status. On the one hand, the approach of Anglo-American countries is presented in this thesis by two main representatives - the UK and the USA. The common board organisational model is a unitary board model for which it is typical to combine management and supervisory powers in the board of directors. This is also reflected in the legal status of the CEO, as one of the main issues addressed is the CEO and chairperson duality and its consequences on corporate governance. On the other hand, the different approach taken by the countries in Continental Europe is analysed. Germany and Austria are introduced as countries known for a compulsory two-tier board model. In contrast to the Anglo-American world, the position of the CEO is not embedded in the countries of Continental Europe. The problem of CEO and chairperson duality is not present...
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Evaluation and remuneration methodology of top managers
Procházková, Kateřina ; Paseková, Marie (referee) ; Bartoš, Vojtěch (referee) ; Suchánek, Petr (referee) ; Škapa, Stanislav (advisor)
The dissertation focuses on the creation of a new methodology of evaluation and remuneration for top managers in the environment of the Czech manufacturing industry. Based on a literature search, individual methods of evaluation and remuneration of this selected group of employees were defined. Due to the complexity of the issues addressed, it is also necessary to focus on the company's performance, which is monitored through the EBITDA indicator. This indicator is then the main pillar for the remuneration of managers. The methodology consists of two more pillars. The first is the macroeconomic indicator of gross domestic product, the second is the qualitative factor of the ethical aspect of the manager's work. The work aims to create a remuneration methodology that will be usable for the Czech environment, will combine the manager's remuneration with his performance and the performance of the company and could lead to a reduction in the cost of representation. The key to its creation was the acquisition of primary data through questionnaire surveys and pilot studies, which were evaluated by mathematical and statistical methods. The resulting methodology is applied to a specific company within the verification of the proposed methodology.
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Equity incentives and company performance
Šářec, Theodor ; Kočenda, Evžen (advisor) ; Hlaváček, Michal (referee)
1 Abstract The equity-based incentives are considered to be one of the instruments helping to motivate executives. The use of this compensation framework should in theory tackle and mitigate the agency problems, and prevent the possible attempts of managers to pursue their own interest over the interests of shareholders. The literature focusing on the effects differs greatly. There is no conformity over the effect of equity compensation on company performance. This research study the effect of CEO-related equity incentives and stock ownership on company performance. The main finding is the positive effect of the equity incentives measured by the percentage of CEOs' equity- based compensation on company performance proxied by the change in Tobin's Q. The thesis does not find any significant effect of insiders' stock ownership. The dataset of 107 publicly traded US companies is used for the empirical analysis. The results are estimated based on a fixed effects model and pooled ordinary least squares. This thesis contributes to the ongoing debate over the effects. It also widens the narrow literature on the structure of compensation. JEL Classification M120 Keywords Equity-based, CEO, compensation structure, equity ownership, company performance Author's e-mail theo.sarec@gmail.com Supervisor's e-mail...
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Proposal for redesign of internet presentation for S.K. Industrietechnik company
Jurík, Martin ; Klein, Karol (referee) ; Kříž, Jiří (advisor)
This work will be about redesign and complete reconstruction of S.K. Industrietechnik company internet presentation. In the first part there will be analysis of mistakes and problems in the old presentation. In the next part I will refer about some procedures and techniques used in webdesign. There will be also some links to languages used in internet environment. I will use some samples of XHTML, CSS and PHP. Also some parts about design and SEO (Search engine optimalization) will be included. At the end there will be benefit of the new presentation.
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Být na správném místě ve správný (i nesprávný) čas: Analýza platů CEO za štěstí před a po finanční krizi
Hadincová, Ludmila ; Navrátil, David (advisor) ; Špecián, Petr (referee)
Diploma thesis tests the existence of luck premium on U.S. CEOs' compensations. Luck premium means that in case of high principal-agent costs, CEOs are rewarded for random luck and not only for their productivity. Thesis uses financial crisis in 2008 as a breaking event after which attention and control of CEOs' remuneration by owners, public, and media intensified. Using regression with fixed effects on panel data between years 2004 and 2012 thesis proved impact of luck premium before 2008 while the influence was not significant after 2008. Results were not robust for other model specifications, which might be caused by selectivity of the dataset. Thesis then presents overview of theoretical approaches to CEOs' compensation analysis and recommendations for optimal compensation set-up.
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