Title

Determinants of voluntary board remuneration committee formation and composition

Date of this Version

7-1-2012

Document Type

Conference Paper

Publication Details

Published version

Kent, P., Kercher, K., & Routledge, J. (2012). Determinants of voluntary board remuneration committee formation and composition. Paper presented at the 2012 AFAANZ Conference, 1-3 July. Melbourne, Australia

Access the conference

2012 HERDC submission. FoR code: 150102

© Copyright The Authors, 2012

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 by geographical 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.

 

This document has been peer reviewed.