scholarly journals New Zealand CEO compensation factors

2009 ◽  
Vol 6 (4) ◽  
pp. 47-53 ◽  
Author(s):  
Sam Hurst ◽  
Ed Vos
Keyword(s):  
New Zealand ◽  
Board Of Directors ◽  
Firm Size ◽  
Significant Relationship ◽  
Ceo Compensation ◽  
Board Members ◽  
Effective Factors ◽  
The Board Of Directors ◽  
Size Firm ◽  
Determining Factor

This paper analyses a combination of factors to try and determine whether they explain CEO compensation, and in turn help determine what makes the board of directors more effective. Factors include busy boards, local or international board members, dependent and not independent board members, director’s pay and tenure variables. Of the new and old factors considered in this approach and using a sample size of 31 NZ firms over the 2006/2007 years, a correlation existed between firm size/firm performance and CEO compensation. Further distinctions in regards to busy boards showed no significant relationship to CEO compensation, differing from previous studies, and casting doubt on whether it matters how busy the board is. Also the locality of the board was not a determining factor in CEO compensation.

scholarly journals Implementing the board of directors’ mechanism – An empirical study of the listed firms in Libya

2018 ◽  
Vol 14 (1) ◽  
pp. 22-33 ◽  
Author(s):  
Jill Atkins ◽  
Mohamed Zakari ◽  
Ismail Elshahoubi
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Boards Of Directors ◽  
Listed Companies ◽  
Board Members ◽  
Corporate Boards ◽  
Listed Firms ◽  
Stakeholder Groups ◽  
The Board Of Directors ◽  
Executive Managers

This paper aims to investigate the extent to which board of directors’ mechanism is implemented in Libyan listed companies. This includes a consideration of composition, duties and responsibilities of the board directors. This study employed a questionnaire survey to collect required data from four key stakeholder groups: Boards of Directors (BD), Executive Managers (EM), Regulators and External Auditors (RE) and Other Stakeholders (OS). The results of this study provided evidence that Libyan listed companies generally comply with the Libyan Corporate Governance Code (LCGC) requirements regarding the board composition: the findings assert that most boards have between three and eleven members, the majority of whom are non-executives and at least two or one-third of whom (whichever is greater) are independent. Moreover, the results indicate that general assemblies in Libyan listed companies are practically committed to the LCGC’s requirements regarding the appointment of board members and their length of tenure. The findings provide evidence that boards in Libyan listed companies are carrying out their duties and responsibilities in accordance with internal regulations and laws, as well as the stipulations of the LCGC (2007). Furthermore, the stakeholder groups were broadly satisfied that board members are devoting sufficient time and effort to discharge these duties and responsibilities properly. This study helps to enrich our understanding and knowledge of the current practice of corporate boards as a significant mechanism of corporate governance (CG) by being the first to address the board of directors’ mechanism in Libyan listed companies.

The Effect of Company Size on the Relationship between Corporate Governance and Corporate Performance in the Iraqi Stock Exchange

2021 ◽  
Vol 39 (11) ◽  
Author(s):  
Ghazwan Al-Shiblawi ◽  
Dalal Mahdi ◽  
Mohammed Mahdi
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Significant Relationship ◽  
Corporate Performance ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Company Size ◽  
Statistical Population ◽  
The Board Of Directors ◽  
The Relationship

The aim of the present study is to assess The Effect of Company Size on the Relationship between Corporate Governance and Corporate Performance in the Iraqi Stock Exchange. The statistical population under study is listed companies of  Iraq Stock Exchange and the number of companies studied in Iraq is 35, from 2015-2019. The results concluded that there is a statistically significant relationship between the change (increase) of institutional ownership and the performance of the company, and this relationship is direct, as well as the relationship between the change (increase) of institutional ownership and the performance of the company. It can change under the influence of the company's size, and this relationship is negative, meaning the larger the company's size, the weaker the relationship. At the same time, the existence of a relationship between changing the composition of the members of the Board of Directors and the performance of the company was not supported, as well as between changing (increasing) the independence of the Board of Directors and the performance of the company, in addition to the relationship between changing the composition of the Board of Directors. The independence of the Board of Directors and the performance of the company is not affected by the change in the size of the company

scholarly journals Determinants of board composition: Evidence from Tunisian companies

2006 ◽  
Vol 3 (2) ◽  
pp. 165-173
Author(s):  
Sonda Marrakchi Chtourou ◽  
Soumaya Ayedi ◽  
Yosra Makni Fourati
Keyword(s):  
Board Of Directors ◽  
Firm Size ◽  
Boards Of Directors ◽  
Positive Relationship ◽  
Board Composition ◽  
Board Independence ◽  
Debt Ratio ◽  
Organizational Complexity ◽  
The Board Of Directors ◽  
Board Representation

This study focuses on the composition of boards of directors in the Tunisian context. We model the composition of the board of directors as a function of alternative governance mechanisms, some board characteristics and other control variables. On a sample of 97 Tunisian firms, we find evidence that the proportion of outsiders on the board of directors is positively associated with large block, institutional and overseas ownerships, and board size. We document that the CEO duality is associated with a decrease in the board independence. We fail to find evidence that increased debt ratio to total assets is inversely associated with the outside board representation. While we predict a positive relationship between the board independence and the firm size, the organizational complexity and the quotation status; our results generally do not support this conjecture

scholarly journals PENGARUH KOMPENSASI, LEVERAGE, UKURAN PERUSAHAAN , DAN DIVIDEN TERHADAP TURNOVER: STUDI EMPIRIS PADA PERUSAHAAN PERBANKAN DI INDONESIA

2019 ◽  
Vol 21 (2) ◽  
pp. 129-140
Author(s):  
EVY RAHMAN UTAMI ◽  
ETIK KRESNAWATI ◽  
EKA DWIYANTI PUTJE
Keyword(s):  
Data Analysis ◽  
Board Of Directors ◽  
Empirical Evidence ◽  
Multiple Regression ◽  
Firm Size ◽  
Ceo Turnover ◽  
Dividend Distribution ◽  
The Board Of Directors

This study aimed to show empirical evidence of the correlation between compensation, leverage, dividend and firm size with the CEO turnover of banking companies in Indonesia. This study used banking companies in 2009 – 2016. The total research samples were 41 companies. The data analysis used multiple regression. The result of the study indicated that compensation, leverage and firm size had no correlation with the CEO turnover of the banking companies. However, the dividend had positive and significance influence towards the CEO turnover of the directors. Compensation given to the board of directors were unable to align the interests of management and shareholders. Besides, the directors did not take leverage and total assets in the CEO turnover consideration. Nevertheless, they consider dividend distribution conducted by the company.

scholarly journals RECRUITING FOR SUCCESS. DOES BOARD DIVERSITY MATTER?

2020 ◽  
Author(s):  
Meg E. Cotter Mazzola ◽  
Joseph L. Pontacolon ◽  
Angel Claudio ◽  
Javier A. Salguero ◽  
Marcelles James ◽  
...  
Keyword(s):  
Board Of Directors ◽  
Essential Role ◽  
Board Members ◽  
Motivating Factors ◽  
Board Diversity ◽  
Organization Level ◽  
Knowing That ◽  
Governance Model ◽  
External Stakeholders ◽  
The Board Of Directors

Nonprofits play an essential role in society. To realize their important missions, nonprofits rely on strong and committed leaders at both the organization level as well as the governance level. Nonprofits are obligated to have an active board of directors to operate. This reliance places the organization in a vulnerable position where they must recruit and engage with external stakeholders and identify individuals with the combination of talent needed to succeed as well as the passion for supporting the organization’s vision. Knowing that board members have a long lasting impact on their organizations, this paper looks at the varying models of governance and the implications for choosing one model over another. Determining the best structure for a governance model represents one component to setting an organization up for success. Equally, if not more important, is ensuring that the board of directors is composed of motivated and committed individuals who are steadfast in their efforts to support the mission of the organization. In order to find the best people for the role, an organization must understand what drives and motivates an individual to serve on a board. The topic of motivation as it relates to governance boards, and how existing boards can use the motivating factors to recruit and retain board members is explored. Finally, we explore the value of diverse board composition and whether certain criteria of diversity carry more weight in terms of impact than others.

scholarly journals Faktor-Faktor Yang Mempengaruhi Kinerja Perusahaan

2019 ◽  
Vol 2 (5) ◽  
Author(s):  
Michael Hidayat
Keyword(s):  
Firm Performance ◽  
Firm Size ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statement ◽  
Board Members ◽  
Board Independence ◽  
Managerial Ownership ◽  
Board Size ◽  
Size Firm

The Purpose Of This Research Is To Analyze Determinants Of Firm Performance In Non-Financial Companies Listed On Indonesia Stock Exchange. Determinants That Are Tested In This Research Include: Board Independence, Board Size, Firm Size, Firm Age, Liquidity, Leverage, Managerial Ownership, Female Board Members. The Object In This Research Is Non-Financial Companies Listed From 2011 Until 2014. The Population Of This Research Is 378 Non-Financial Companies. Sampling Techniques That Used In This Research Is Purposive Sampling. There Are 30 Non-Financial Companies Listed From 2011 To 2014 Which Met The Criterion Used As Sample. The Data Used Is Secondary Data That Collected From Financial Statement Of The Company. Analysis Method Of This Research Is Multiple Linier Regressions. The Result Of This Research Conclude That Board Independence, Leverage, And Female Board Members Have Influence Toward Firm Performance. Other Variable Such As Board Size, Managerial Ownership, Firm Size, Liquidity, And Age Firm Don’t Have Influence To Firm Performance. 

scholarly journals PENGARUH DIVERSITAS JENDER DAN UKURAN DEWAN TERHADAP DIVIDEND PAYOUT

2021 ◽  
pp. 1155
Author(s):  
Herni Kurniawati ◽  
Fanny Andriani Setiawan
Keyword(s):  
Board Of Directors ◽  
Annual Report ◽  
Gender Diversity ◽  
Secondary Data ◽  
Quantitative Approach ◽  
Board Members ◽  
Manufacturing Companies ◽  
Dividend Payout ◽  
Dividend Payments ◽  
The Board Of Directors

The purpose of this research is to empirically prove how gender diversity and the size of the board have an impact on the dividends paid to investors in manufacturing companies. This research uses a descriptive quantitative approach. This research sample is secondary data from the annual report of manufacturing companies for the 2016-2019 period. The software used in this research is the eviews 10 program. This research provides the following results: (1) that the gender diversity of board members in manufacturing companies does not affect dividend payments; and (2) the size of the board of directors in manufacturing companies does not affect dividend payments/dividend payments in manufacturing companies. The implication of this research is to give advice to companies to recruit more board members to force companies to better protect and prioritize the interests of shareholders through cash disbursement in the form of dividends, so that they will be able to attract investors to invest. Contribute by increasing knowledge related to research on what things encourage dividend payments to investors. These factors include gender diversity and the size of the company's board members.Tujuan riset ini adalah membuktikan secara empiris bagaimana keragaman gender dan ukuran anggota dewan berdampak terhadap dividen yang dibayarkan untuk investor perusahaan manufaktur. Riset ini memakai metode deskriptif pendekatan kuantitatif. Sampel riset ini berupa data sekunder dari laporan tahunan perusahaan manufaktur periode 2016-2019. Perangkat lunak yang digunakan riset ini adalah program eviews 10. Riset ini memberikan hasil: (1) bahwa keragaman gender anggota dewan di perusahaan manufaktur tidak mempengaruhi pembayaran dividen; dan (2) ukuran dewan direksi pada perusahaan manufaktur tidak mempengaruhi pembayaran dividen/pembayaran dividen pada perusahaan manufaktur. Implikasi riset ini yaitu memberikan saran ke perusahaan untuk merekrut banyak anggota dewan untuk memaksa perusahaan lebih melindungi dan mengutamakan kepentingan pemegang saham melalui pencairan kas dalam bentuk deviden, sehingga akan mampu menarik investor untuk berinvestasi. Berkontribusi dengan menambah pengetahuan terkait riset mengenai hal-hal apa saja yang mendorong pembayaran dividen kepada investor. Faktor-faktor tersebut meliputi keragaman gender dan ukuran anggota dewan perusahaan.

scholarly journals Evidence from 1992 to 2019 on the dynamics of managerial authority and CEO remuneration during company crises

2022 ◽  
Vol 10 (4) ◽  
Author(s):  
Chin Tae Zan
Keyword(s):  
Board Of Directors ◽  
Ceo Compensation ◽  
Secular Trends ◽  
Managerial Incentive ◽  
Management Board ◽  
Strong Trend ◽  
Managerial Authority ◽  
The Board Of Directors ◽  
Matching Estimator ◽  
The Impact

We investigate the dynamics of two governance constructs, management influence over the board of directors and CEO remuneration, in enterprises in crisis from 1992 to 2019. Data reveal a strong trend of improving governance over time, which confounds the conclusion concerning the impact of distress on governance. Using a bias-corrected matching estimator to control for secular trends, we find that distressed businesses cut management board appointments and CEO compensation, deepen managerial incentive alignment, and increase CEO turnover. The performance-related component of CEO remuneration accounts for the majority of changes in CEO compensation in troubled businesses, which is consistent with the "shareholder value" perspective on CEO compensation.

scholarly journals The influence of cultural values on the board of directors: Lessons from five corporations

2012 ◽  
Vol 9 (4-2) ◽  
pp. 221-229 ◽  
Author(s):  
Elsa Satkunasingam ◽  
Aaron Yong ◽  
Sern Cherk
Keyword(s):  
Corporate Governance ◽  
Cultural Values ◽  
Board Of Directors ◽  
Senior Management ◽  
Independent Directors ◽  
Board Members ◽  
Differences Of Opinion ◽  
The Board Of Directors ◽  
Code Of Corporate Governance

The Malaysian Code of Corporate Governance 2000 emphasises the monitoring role of the Board of Directors, especially that of independent directors. It has not however taken into account the cultural values in Malaysia which do not encourage differences of opinion or criticisms and has failed to provide sufficient safeguards for directors to exercise their role effectively. As a result, it is relatively easy for dominant Chairmen or CEOs especially in government-linked companies or CEO dominated companies to control the Board or senior management with very little opposition. This paper will discuss several incidences of financial mismanagement in companies caused by dominant directors with very little opposition from the rest of the board. It will highlight that the law has to take cultural values more seriously in order to equip the Board and especially independent directors with the ability to challenge dominant Board members.

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