The Determinants of directors' remuneration in Malaysian public listed companies
| dc.contributor.author | Meng Fong, Chong | |
| dc.date.accessioned | 2015-07-30T01:29:12Z | |
| dc.date.available | 2015-07-30T01:29:12Z | |
| dc.date.issued | 2007 | |
| dc.description.abstract | Over the past decade, the issue of directors' remuneration has attracted th1 attention from corporate governance analysts, government and the general publi< especially after the serial of financial crisis. Agency theory suggests that directors shoulc be rewarded based on their performance so as to avoid agency conflict. Nevertheless empirical studies found that the linkage between pay and performance is still very weak. Due to the weaknesses in corporate governance structure, directors had been paid excessively at the expense of shareholders. To continually boost the investors' confidence and to ensure a steady economic growth, the move to build up stronger corporate governance structure is essential. Thus, using a sample of 120 companies listed in the Main Board of Bursa Malaysia in 2005, this study is conducted to determine the amount of directors' remuneration that is paid out by the Malaysian public listed companies. In addition, this study will examine the effectiveness of the corporate governance structure in terms of board and ownership characteristics; in determining the directors' remuneration among Malaysian public listed companies. This study found that as ownership concentration increases, the amount of directors' remuneration will decrease due to the effective monitoring by the external block-holders. Board size was found to be positively associated with directors' remuneration because increase board size makes them less effective at monitoring management. Firm size, firm's performance and leverage will positively affect the level of directors' remuneration. However, board's independence, CEO-duality, managerial ownership and independent non-executive directors' shareholding are not found to be related to directors' remuneration. | en_US |
| dc.identifier.uri | http://hdl.handle.net/123456789/904 | |
| dc.language.iso | en | en_US |
| dc.subject | Director's remuneration | en_US |
| dc.subject | Malaysia public | en_US |
| dc.title | The Determinants of directors' remuneration in Malaysian public listed companies | en_US |
| dc.type | Thesis | en_US |
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