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
Language
English
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.
