Determinants of voluntary board remuneration committee formation and composition

Pamela Kent, Kim-Lee Kercher, James Routledge

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Abstract

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.
Original languageEnglish
Title of host publication2012 AFAANZ Conference
Place of PublicationMelbourne, Australia
PublisherAccounting and Finance Association of Australia and New Zealand
Pages1-45
Number of pages45
Publication statusPublished - 2012
Event2012 Accounting and Finance Association of Australia and New Zealand Conference - Melbourne, Melbourne, Australia
Duration: 1 Jul 20122 Jul 2012
http://www.afaanz.org/conferences

Conference

Conference2012 Accounting and Finance Association of Australia and New Zealand Conference
Abbreviated titleAFAANZ Conference
CountryAustralia
CityMelbourne
Period1/07/122/07/12
Internet address

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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.