Xavier Baeten

As founder of the Vlerick Reward Centre (composed of 2 knowledge and research centres: the Centre for Excellence in Strategic Rewards and the Executive Remuneration Research Centre), Xavier has a unique focus on and extensive experience in reward management. His favourite topics include: total rewards, translating business strategies into reward policies, developing reward strategies that work, pay-for-performance, reward communication, age-conscious rewarding and employee motivation. For Xavier bridging theory and practice is the key which he does by combining a strong academic  record with close collaboration with a large number of organisations.

Since 2006 Xavier has broadened his scope to include also corporate governance and more specifically executive remuneration. Xavier completed a practically focused Ph.D. in this field. The Vlerick Reward Centre has developed a large Europe-wide database on executive remuneration which is updated yearly.

Xavier is frequently requested  as speaker by  employer and employee associations the media and the political world. Further, he is member of a number of remuneration committees and advisory boards.

Expert in
Corporate Governance
Corporate Social Responsibility (CSR)
Executive Remuneration
Governance & Ethics
Strategic Rewards


Xavier Baeten obtained a Master’s degree in Applied Economics from Ghent University in 1991 and a Master in Tax Legislation and Accountancy from Vlerick Business School in 1992.

In 1996, together with Prof Dr Lutgart Van den Berghe and Mr Peter Leyman, he established the Volvo Research Roundtable ‘Employee Benefits’. In 2000 he broadened the research scope of this centre to include strategic rewarding. In 2006 he established the Executive Remuneration Research Centre. Today he heads up the Vlerick Reward Centre (composed of 2 knowledge- and research centres; the Centre for Excellence in Strategic Rewards and the Executive Remuneration Research Centre) which has long-term collaborations with more than 40 firms that participate regularly in the centre’s workshops and take part in its research. The centre also provides executive education programmes in the field of strategic rewards and executive remuneration.

Xavier is an independent member of various remuneration committees and teaches the course on Corporate Sustainability and Responsibility in the MBAs.

In February 2012, Xavier Baeten successfully defended his doctoral dissertation on the link between firm-level corporate governance characteristics and CEO remuneration. He achieved his degree of Doctor in Applied Economic Sciences from the faculty of Economics and Business Administration of Ghent University.



Articles in refereed journals with impact

  • Verwaeren B. Van Hoye G. Baeten X.  forthcoming. Getting Bang for Your Buck: The Specificity of Compensation and Benefits Information in Job Advertisements. International Journal of Human Resource Management,

  • Baeten X.  2014. Shaping the future research agenda for compensation and benefits management: Some thoughts based on a stakeholder inquiry. Human Resource Management Review, 24(1): 31-40.

Articles in other (un)refereed journals

  • Baeten X.  2015. Topsalarissen: de sluier opgelicht. Audit, Control & Governance, 18(4): 4-7.

  • Baeten X. Verwaeren B.  2012. Flexible rewards from a strategic rewards perspective. Compensation & Benefits Review, 44(1): 40-49.

  • Baeten X. Balkin D. Van den Berghe L.  2011. Beyond agency theory: a three-paradigm approach to executive compensation. The IUP Journal of Corporate Governance, 10(4): 7-36.

  • Baeten X.  2010. Internationale bedrijven: sturen of ruimte geven?. De Verzekeringswereld, (30): 49-55.

  • Baeten X.  2010. Global Compensation and Benefits Management: The Need for Communication and Coordination. Compensation & Benefits Review, 42: 392-402.

  • Baeten X.  2010. Entreprises internationales: tout diriger ou laisser de la marge?. Le Monde de l'Assurance, (30): 47-50.

  • Baeten X.  2009. Les employee benefits ont la cote…. Le Monde de l'Assurance, (20): 21-23.

  • Baeten X.  2009. Het Grote beloningsonderzoek. Employee benefits scoren. De Verzekeringswereld, (16): 18-21.

  • Baeten X.  2009. Employee benefits: tevreden, maar ook bemind?. De Verzekeringswereld, (20): 18-21.

  • Baeten X.  2009. Employee benefits: satisfaisants, mais appréciés?. Le Monde de l'Assurance, (20): 24-27.

  • Dekocker V. Baeten X.  2008. Veranderende beroepsbevolking, veranderend voordelenpakket?. Over.Werk, 18(1): 109-113.

  • Baeten X.  2008. Employee benefits. Ken uw klassiekers!. De Verzekeringswereld, (01/12/08): 26-28.

  • Baeten X.  2008. Employee benefits. Renvoyez vos classiques!. Le Monde de l'Assurance, (01/12/08): 21-23.

  • Baeten X.  2007. Les employee benefits ne sont pas source de motivation. Le Monde de l'Assurance, (15/02/07): 26-29.

  • Baeten X.  2007. Benefits motiveren niet. De Verzekeringswereld, : 29-31.

  • Baeten X.  2007. Executive remuneration in Belgium: the beginning of a great adventure?. Newsletter Belgian Governance Institute,

  • Baeten X.  2006. Total rewards in Europe. A first glance. Workspan, (September): 5-9.

  • Baeten X. Verbruggen A.  2006. Het grote beloningsonderzoek. Prestatiegerelateerde beloning bekeken door een werknemersbril. Over.Werk, (1-2): 163-168.

  • Baeten X.  2006. Extralegale voordelen. Populariteit laat nog altijd te wensen over. De Verzekeringswereld, (14): 26-28.

  • Baeten X.  2001. Employee benefits: Exotische werknemersvoordelen breken niet door. De Verzekeringswereld, : 17-23.

  • Baeten X.  1998. Managed care: The Belgian dream?. De Verzekeringswereld, : 25-28.

  • Van den Berghe L.A.A. Baeten X.  1998. De omgeving van de makelaar. De Verzekeringswereld, : 41-43.

  • Baeten X.  1998. Employee benefits: Concepts and practice: First investigation of the employee benefits policy of large Dutch companies. Etudes et Dossiers, (216): 31-47.

  • Baeten X.  . The relationship between share ownership characteristics and the compensation committee's outlook: a european perspective. 

Book Chapters

  • Van der Elst C. Baeten X.  2012. Bezoldiging van de CEO en de leiding van Belgische vennootschappen. In: Steennot R. Financiële regulering in de kering (pp. 709-737).

  • Baeten X. Verwaeren B.  2012. Rewarding for performance. In: Slagmulder R. Verweire K. Dewettinck K. Ed. Managing for performance excellence (pp. 158-180).

  • Baeten X. Van den Berghe L.A.A.  2008. Performance-related CEO remuneration: towards an agency-based contingency perspective. In: Vartiainen M. Antoni C.H. Baeten X. Hakonen N. Thierry H. Reward management - Facts and Trends in Europe (pp. 118-138).

  • Baeten X.  2007. De vergoeding van managers. In: Van den Berghe L.A.A. Baelden T. Ed. Vademecum van de bestuurder - Vade-mecum de l'administrateur (pp. 227-244). Kluwer.

  • Baeten X. Verbruggen A.  2007. Pay instruments and pay systems. In: Antoni C.H. Baeten X. Emans B. Kira M. Ed. Shaping pay in Europe. A Stakeholder approach (pp. 25-51). Peter Lang.

  • Louche C. Baeten X.  2006. A stepwise approach to stakeholder management. In: Ed. Management Models for Corporate Social Responsibility (pp. 171-179). Springer.

  • Verweire K. Baeten X. Somers L. Van den Berghe L.A.A.  2004. Performance from a Finance Perspective. Shareholder Value and Beyond. (pp. 19-36). Sage Publications.

  • Baeten X.  2004. Strategic Rewards and Reward Strategies. In: Verweire K. Van den Berghe L.A.A. Ed. Integrated Performance Management. A Guide to Strategy Implementation (pp. 215-237). Sage Publications.

  • Baeten X. Van den Berghe L.A.A.  2002. Participatie van medewerkers: houdingen en feiten op het vlak van financiële en organisatorische participatie. (pp. 274-291). Garant-Uitgevers.

  • Baeten X.  2000. Strategisch belonen. Een nieuwe managementdiscipline?. Wolters Kluwer België-.


  • Antoni C. Baeten X. Lucas R. Perkins S. Vartiainen M.  2011. Pay and reward systems in organizations. Pabst Science Publishers.

  • Vartiainen M. Antoni C.H. Baeten X. Hakonen N. Thierry H.  2008. Reward management - Facts and Trends in Europe. 

  • Antoni C.H. Baeten X. Emans B. Kira M.  2007. Shaping pay in Europe. A Stakeholder approach. Peter Lang.

  • Baeten X.  1998. Strategische marketingplanning voor verzekeringsmakelaars. 

Conference Presentations

  • Verwaeren B. Baeten X.  2012. Reward proposition specificity: outcomes from a fit and signaling perspective. Paper presented at Academy of Management Annual Conference, August 1, Boston, United States.

  • Verwaeren B. Baeten X.  2011. Reward Management Effectiveness from a Line Managers' Perspective: The Role of Devolvement and HR Support. Paper presented at The biannual Dutch HRM conference, November 10-11, Groningen, the Netherlands.

  • Baeten X. Van den Berghe L.A.A.  2008. Executive Remuneration: towards a structured multi-theory approach. Paper presented at 5th Workshop on Corporate Governance (EIASM), November 27-28, Brussels, Belgium.

  • Baeten X. Van den Berghe L.A.A.  2007. Performance-related CEO remuneration: towards an agency-based contingency perspective. Paper presented at First European Reward Management Conference,, December 17-18, Brussels, Belgium.

  • Baeten X.  2007. Key pay issues. Paper presented at European Total Rewards Conference - WorldatWork, October 4-5, Brussels, Belgium.

  • Emans B. Baeten X. Neu E. Antoni C.H. Kira M. Kessler I. Vernon G. Bocchi F.  2005. Making pay strategies and practices explicit: a pay system audit tool. Paper presented at 12th European Congress on Work and Organizational Psychology, May 12-15, Istanbul, Turkey.

  • Antoni C.H. Baeten X. Berger A. Emans B. Kessler I. Hulkko K. Neu E. Vartiainen M. Verbruggen A.  2004. Wages and Working Conditions in the European Union. Paper presented at European Seminar for Bologna Promoters, November 18-19, Brussels, Belgium.

Conference Proceedings

  • Baeten X. Verbruggen A.  2006. Total rewards from an employee perspective. Espoo:

  • Baeten X.  2000. Wishes and experiences of Belgian companies concerning the legal and tax environment. 

Doctoral dissertation

  • Baeten X.  2012. Firm-level corporate governance characteristics and CEO remuneration:A cross-national European study.  (Promotor: Van den Berghe L.).

Research reports

  • Festing M. Tekieli M. Baeten X.  2015. European reward governance survey 2015. Centre for Excellence in Strategic Rewards. (44 p.)

  • Huyst B. Baeten X.  2013. Executive remuneration in Europe 2013: executive remuneration in listed firms in Belgium, France, Germany, the Netherlands and United Kingdom. Executive Remuneration Research Centre. (43 p.)

  • Baeten X. Huyst B.  2012. Executive remuneration in Europe 2012: Executive remuneration data in listed firms in Belgium, France, Germany, the Netherlands and the United Kingdom. Executive Remuneration Research Centre. (32 p.)

  • Baeten X. Verwaeren B.  2011. Rewarding for innovation: can rewards drive the creative and innovative performance of a company?. Centre for Excellence in Strategic Rewards. (18 p.)

  • Baeten X. Verwaeren B.  2011. Executive remuneration in Europe 2011: data on executive remuneration in listed firms in Belgium, France, Germany and the Netherlands. Executive Remuneration Research Centre. (25 p.)

  • Baeten X. Verwaeren B.  2011. Mastering bonus systems. How do bonuses influence employee behaviour and business outcomes?. Centre for Excellence in Strategic Rewards. (32 p.)

  • Baeten X. Vande Walle C. De Baere S.  2010. Survey of Global Reward Management Practices. (52 p.)

  • Baeten X. Vande Walle C.  2009. The Great Remuneration Survey 2008. (43 p.)

  • Baeten X. Dekocker V.  2008. Challenges in executive remuneration. Lessons learnt from corporate disclosure. (38 p.)

  • Dekocker V. Baeten X.  2007. Onderzoek naar socio-culturele voordelen. (60 p.)

  • Baeten X. Dekocker V.  2007. Verloning in familiebedrijven. (67 p.)

  • Van Bruystegem K. Dekocker V. Dewettinck K. Baeten X.  2007. HR tools als stimulans voor creativiteit by uw werknemers. 

  • Baeten X. Verbruggen A.  2006. SRRC Activity report 2005. 

  • Baeten X. Verbruggen A.  2006. Back to the future of Reward management. 

  • Baeten X. Verbruggen A.  2005. Peiling: verloning arbeiders, bedienden en kaderleden. (18 p.)

  • Antoni C.H. Baeten X. Berger A. Emans B. Hulkko K. Kessler I. Neu E. Vartiainen M. Verbruggen A.  2005. Wages and Working Conditions in the European Union. Eurofound. (92 p.)

  • Baeten X. Hoornaert S.  2003. Onderzoek bij werknemers naar de tevredenheid en de voorkeuren m.b.t. het beloningspakket. (90 p.)

  • Hoornaert S. Baeten X.  2002. Onderzoeksrapport m.b.t. de tevredenheid van de werknemers. Vlerick Leuven Gent Management School. (72 p.)

  • Van den Berghe L.A.A. Somers L. Baeten X.  2002. Stakeholder management, een bedrijfsgerichte verkenning. Ministerie vd Vlaamse Gemeenschap. (31 p.)

  • Baeten X. Verweire K. Carchon S. Bogaert C.  2000. Onderzoek naar de distributie van financiële diensten en verzekeringen. Vlerick Leuven Gent Management School. (118 p.)

  • Baeten X. Bogaert C.  2000. Onderzoek naar Participatie van Medewerkers. Vlerick Leuven Gent Management School. (137 p.)

  • Baeten X. Bogaert C.  2000. Onderzoek bij Werknemers m.b.t. Arbeidsvoorwaarden en Pensioen. Vlerick Leuven Gent Management School. (160 p.)

  • Baeten X. Bogaert C.  1999. Onderzoek naar het Belonings- en Employee Benefitsbeleid van Ondernemingen. Vlerick Leuven Gent Management School. (185 p.)

  • Baeten X.  1998. Omgevingsscan voor de sector van verzekeringen en financiële diensten. (28 p.)

  • Baeten X.  1998. Verzekeringsmakelaars en informatietechnologie. (27 p.)

  • Baeten X. Van den Berghe L.A.A.  1996. Risico, sparen, verzekeren, zorg : kwantitatief onderzoek. Vlerick Leuven Gent Management School.

  • Van den Berghe L.A.A. Baeten X.  1996. Report of the Discussions at the Seminar of the International Insurance Society. IIS inc.. (7 p.)

  • Van den Berghe L.A.A. Baeten X.  1995. Onderzoek naar de relevante evaluatiefactoren bij de besluitvorming inzake risk management en verzekering: determinanten van het keuzeproces inzake toeleveranciers. (11 p.)

  • Van den Berghe L.A.A. Baeten X.  1995. Optimalisatie dienstverleningsproces inzake verzekeringen - kwalitatief onderzoek. Vlerick Leuven Gent Management School. (61 p.)

Vlerick cases

  • Baeten X. Bogaert C.  2001. Case ING. Change Processes in Compensation & Benefits at a Global & Integrated Financial Services Provider.