Remuneration committees, shareholder dissent on CEO pay and the CEO pay-performance link

被引：20

作者：

Kent, Pamela ^{[1
]}

Kercher, Kim ^{[2
,3
]}

Routledge, James ^{[2
,4
]}

机构：

[1] Univ Adelaide, Business Sch, Adelaide, SA, Australia

[2] Bond Univ, Bond Business Sch, Gold Coast, Qld, Australia

[3] Univ Queensland, UQ Business Sch, Brisbane, Qld, Australia

[4] Hitotsubashi Univ, Fac Commerce & Management, Tokyo, Japan

来源：

ACCOUNTING AND FINANCE | 2018年 / 58卷 / 02期

关键词：

Remuneration Committee; CEO Remuneration; Shareholder Dissent; CORPORATE GOVERNANCE; EXECUTIVE-COMPENSATION; FIRM PERFORMANCE; BOARD GOVERNANCE; AGENCY COSTS; OWNERSHIP; SAY; INDEPENDENCE; DISCLOSURE; POWER;

D O I：

10.1111/acfi.12222

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We provide evidence on whether the adoption of the full Australian Securities Exchange recommendations for remuneration committee formation and structure are associated with a lower shareholder dissenting vote or a stronger CEO pay-performance link. We find some evidence that a minority- and majority-independent remuneration committee and a committee size of at least the recommended three members are associated with lower shareholder dissent. Companies with an independent committee have a stronger CEO pay-performance link. In addition, a majority-independent committee strengthens the link between performance and growth in CEO pay.

引用

页码：445 / 475

页数：31

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