Executive Compensation Structuring in Georgian Law
Structuring the compensation of a chief executive in Georgia is regulated most concretely in the context of the accountable enterprise. This corpus defines the transparency of incomes toward shareholders, the control of compensation decisions through the conflict-of-interest regime, and the duty standard against which bonus schemes are approved. The American practice of advisory votes on pay, deferred-compensation tax regimes and clawback mechanisms has no Georgian equivalent — these are non-Georgian constructs. The Georgian carrier is the regime of income transparency and conflict-of-interest control that binds accountable issuers.