We use management guidance as our empirical proxy for disclosure and
document the following. We predict and find higher sensitivity of
CEO compensation to performance (both accounting and stock
returns) for firms that issue management guidance than for firms
that do not. Our results are robust to multiple tests that address
the potential endogeneity of management’s decision to issue guidance。

请问management guidance 怎么翻译呢？我感觉翻译成管理指南、管理指导都不对，这个究竟咋翻译。。求大神指导