Remuneration committee effectiveness and narrative remuneration disclosure
File version
Author(s)
Johl, Shireenjit K
Wines, Graeme
Griffith University Author(s)
Primary Supervisor
Other Supervisors
Editor(s)
Date
Size
File type(s)
Location
License
Abstract
This paper investigates the impact of the effectiveness of remuneration committees on narrative voluntary disclosure of information on remuneration. We develop a composite measure as a proxy for remuneration committee effectiveness by incorporating remuneration committee size, remuneration committee independence, remuneration committee chairman's independence, expertise and diligence. We find that both the existence and quality of a remuneration committee play a significant role in the decision to provide voluntary disclosure of remuneration actions and in the extent of this disclosure. Further analysis suggests that remuneration committee independence and diligence enhance the quality of remuneration committees. The results have policy implications for remuneration committees as an effective corporate governance mechanism.
Journal Title
Pacific-Basin Finance Journal
Conference Title
Book Title
Edition
Volume
40
Issue
Thesis Type
Degree Program
School
Publisher link
Patent number
Funder(s)
Grant identifier(s)
Rights Statement
Rights Statement
Item Access Status
Note
Access the data
Related item(s)
Subject
Accounting, auditing and accountability
Banking, finance and investment
Social Sciences
Business, Finance
Business & Economics
Corporate governance
Global financial crisis
Persistent link to this record
Citation
Kanapathippillai, S; Johl, SK; Wines, G, Remuneration committee effectiveness and narrative remuneration disclosure, Pacific-Basin Finance Journal, 2016, 40, pp. 384-402