This study provides evidence on factors that determine the voluntary adoption of corporate governance recommendations regarding remuneration committees in 2008. The findings indicate that remuneration committee existence is significantly associated with insider share ownership, institutional shareholding and change in CEO. Composition of the committee is significantly explained by independent directors and complexity measured bygeographical segments (marginally). Other variables controlled for are growth opportunities, free cash flow, asset turnover, size, governance quality, debt levels, age and the presence of a big four auditor.
|Title of host publication||2012 AFAANZ Conference|
|Place of Publication||Melbourne, Australia|
|Publisher||Accounting and Finance Association of Australia and New Zealand|
|Number of pages||45|
|Publication status||Published - 2012|
|Event||2012 Accounting and Finance Association of Australia and New Zealand Conference - Melbourne, Melbourne, Australia|
Duration: 1 Jul 2012 → 2 Jul 2012
|Conference||2012 Accounting and Finance Association of Australia and New Zealand Conference|
|Abbreviated title||AFAANZ Conference|
|Period||1/07/12 → 2/07/12|
Kent, P., Kercher, K-L., & Routledge, J. (2012). Determinants of voluntary board remuneration committee formation and composition. In 2012 AFAANZ Conference (pp. 1-45). Melbourne, Australia: Accounting and Finance Association of Australia and New Zealand.