Investigating the Connection between Company’s Multidimensional Performance and the Remuneration Level of Company’s Boards in the Italian Context

Several studies examine the increasing influence of sustainability dimensions on the company's strategies. In this context, some researches in-depth analyze the impact of multidimensional performance (social, environmental and economic) on the business objectives and activities, in particular with focalization on the connection between the board's remuneration (or key managers' incentives) and the CSR issues. In Italy, Mio et al. (2015) emphasize the lack of information about this aspect in the CSR reporting and compulsory documents. The purpose of this paper is to investigate the changes after the introduction in the social accountability practices of the version G4 of the standard Global Reporting Initiative (GRI) and the updating of the IAS and Consob resolution in the regulation framework. To achieve the scope, the analysis of report on remuneration (compulsory) and social accountability tools (voluntary) is developed, with reference to Italian listed companies. The content analysis method is used to identify the information about the link between company's performance and remuneration of the highest bodies. The findings confirm the results of previous studies and, specifically, those presented by Mio et al. (2015).