Determinants of voluntary board remuneration committee formation and composition

Pamela Kent, Kim-Lee Kercher, James Routledge

Research output: Chapter in Book/Report/Conference proceedingConference contributionResearchpeer-review

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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Remuneration
Turnover
Share ownership
Chief executive officer
Corporate governance
Shareholding
Free cash flow
Governance
Factors
Growth opportunities
Insider
Independent directors
Auditors
Assets
Debt

Cite this

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.
Kent, Pamela ; Kercher, Kim-Lee ; Routledge, James. / Determinants of voluntary board remuneration committee formation and composition. 2012 AFAANZ Conference. Melbourne, Australia : Accounting and Finance Association of Australia and New Zealand, 2012. pp. 1-45
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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. Accounting and Finance Association of Australia and New Zealand, Melbourne, Australia, pp. 1-45, 2012 Accounting and Finance Association of Australia and New Zealand Conference , Melbourne, Australia, 1/07/12.

Determinants of voluntary board remuneration committee formation and composition. / Kent, Pamela; Kercher, Kim-Lee; Routledge, James.

2012 AFAANZ Conference. Melbourne, Australia : Accounting and Finance Association of Australia and New Zealand, 2012. p. 1-45.

Research output: Chapter in Book/Report/Conference proceedingConference contributionResearchpeer-review

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Kent P, Kercher K-L, Routledge J. Determinants of voluntary board remuneration committee formation and composition. In 2012 AFAANZ Conference. Melbourne, Australia: Accounting and Finance Association of Australia and New Zealand. 2012. p. 1-45