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ESG Metrics in CEO Pay: A Signal to Shareholders or a Shift in Strategy?
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ESG Metrics in CEO Pay: A Signal to Shareholders or a Shift in Strategy?

Nickolay Gantchev, Mariassunta Giannetti and Marcus Hober
European Corporate Governance Institute (ECGI)
2025

Abstract

ESG metrics in pay seem to function more as reputation management tools than as mechanisms for change.
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