Title

The influence of corporate governance structure on executive pay

Document Type

Journal article

Source Publication

Research in Business and Economics Journal

Publication Date

7-1-2011

Volume

3

First Page

1

Last Page

17

Publisher

Research in Business and Economics Journal

Keywords

director remuneration, remuneration committee, executive pay, Hong Kong Code on Corporate Governance Practices, corporate governance

Abstract

This study assesses the effectiveness of the Hong Kong Code on Corporate Governance Practices (CG Code) in protecting shareholders’ interests with respect to directors’ remuneration by examining whether directors’ remuneration is affected by independent non-executive directors where the chairman of the board is a family member. Findings show that where the number of independent non-executive directors on the remuneration committee is high, the committee acts as a means of control, leading to lower directors’ remuneration than in situations where family members have more influence on remuneration committee decisions.

Print ISSN

23275405

E-ISSN

19413424

Publisher Statement

Copyright © 2011 Academic and Business Research Institute. Access to external full text or publisher's version may require subscription.

Full-text Version

Publisher’s Version

Recommended Citation

Cheng, S., Lui, G., Shum, C., & Wong, S. F. A. (2011). The influence of corporate governance structure on executive pay. Research in Business and Economics Journal , 3, 1-17.

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