Excessive Exec Pay: Unwanted USA Import

Corporate Governance in one country at a time of Globalisation is not going to work. Many nefarious practises (esp with respect to executive compensation) is imported from the USA. Business Schools there are regurgitating fake theories ('Incentivise Top Management a outrance and everything will be fine'), many leading asset managers and private banks are based in America and have little or no interest to adhere to local practises. The need to introduce better standards will only succeed if all major countries and fiduciaries are forced to sing to the same hymn sheet. If laws are difficult to introduce then only ratings that hurt the sales process of fund manager will be an effective interim measure.
A special relationship on high executive pay (FT, Paywall)