... listed companies. Practical points from actors involved in executive remuneration decision-making/reporting are presented, set within the context of neo-institutional theory. Design/methodology/approach This qualitative research systematically analyses UK Corporate Governance Codes, the FRC’s recent...

... and internal human resources (HR)/reward specialists. Results were analysed in accordance with the Gioia technique. Findings Tensions inherent in the interpretation of corporate governance codes are illustrated. Emphasis on independent advice combined with constraints on decision-makers' capacity...