Women on Corporate Boards and the Incidence of receiving a "strike" on the remuneration report
File version
Version of Record (VoR)
Author(s)
Ng, Chew
Delaney, Deborah
Griffith University Author(s)
Primary Supervisor
Other Supervisors
Editor(s)
Date
Size
File type(s)
Location
License
Abstract
This paper examines the effect of one form of board diversity on the incidence of receiving a 'strike' (i.e., receiving 25 percent or more 'no' votes) on the remuneration report by ASX companies in Australia. More specifically, the research hypothesises that there is a negative association between women presence on corporate boards and the likelihood of receiving a 'strike' on remuneration reports. Using the Financial Review Business Intelligence's remuneration report voting database, this study constructs a matched-pair sample of 314 strike firms and 314 control firms from 2011 to 2013. After controlling for other 'strike' related factors, the results suggest a significant association between the presence of at least one woman on the board and a lower incidence of receiving a 'strike'. This finding contributes to the research by showing that the presence of female directors is likely to enhance the monitoring function of the board and thus lower the likelihood of receiving a 'strike' on the remuneration report.
Journal Title
Corporate Ownership & Control
Conference Title
Book Title
Edition
Volume
12
Issue
4
Thesis Type
Degree Program
School
Publisher link
Patent number
Funder(s)
Grant identifier(s)
Rights Statement
Rights Statement
© 2015 VirtusInterpress. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
Item Access Status
Note
Access the data
Related item(s)
Subject
Accounting Theory and Standards
Accounting, Auditing and Accountability
Banking, Finance and Investment
Business and Management