The influence of corporate governance structure on executive pay

Lai Sheung, Suwina CHENG, Man Ching, Gladie LUI, Connie SHUM, Shuk Fong, Ada WONG

Research output: Journal PublicationsJournal Article (refereed)peer-review

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.
Original languageEnglish
Pages (from-to)1-17
Number of pages17
JournalResearch in Business and Economics Journal
Volume3
Publication statusPublished - 1 Jul 2011

Keywords

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

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