Novartis allows certain employees “to receive their annual incentive awards fully or partially in Novartis shares instead of cash by participating in a leveraged share savings plan.”38 In fact,...

Novartis allows certain employees “to receive their annual incentive awards fully or partially in Novartis shares instead of cash by participating in a leveraged share savings plan.”38 In fact, Gollan39 suggested that firms with shared compensation plans tend to have more joint consultative committees, quality circles, and company-level information with employees.