We need a law that says that CEOs and C-suite writ large and board members can't receive stock/options/RSU. Otherwise, we'll always be stuck in Goodhart's law. Maybe they make enough already and don't need bonuses. The "bonus" is keeping your job not getting a golden parachute.
Why do we need a law telling private holders of equity how they can or can't distribute that equity as incentives?
If shareholders think the C-suite and/or board are overcompensated, they can vote for a different decision. And if they don't have the majority to get their way they can sell, buying into a company that better reflects their priorities.
I'm not sure I see the case for further regulation of what are, essentially, private decisions and transactions.
Not giving management of a company shares is a very bad idea. A company's soul purpose is to serve its shareholders and to keep management and the shareholders on the same page, management should be given shares in the company.
