search query: @indexterm management structure / total: 29
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| Author: | Conyon, M. J. Peck, S. I. |
| Title: | Board control, remuneration committees, and top management compensation. |
| Journal: | Academy of Management Journal
1998 : APR, VOL. 41:2, p. 146-157 |
| Index terms: | BOARD OF DIRECTORS EXECUTIVES MANAGEMENT STRUCTURE |
| Language: | eng |
| Abstract: | Using panel data on large, publicly traded U. K. companies gathered 1991-1994, the authors examine the role of borad control and remuneration committees in determing management compensation. Board monitoring, measured in terms of the proportion of nonexecutive directors on a board and the presence of remuneration committees and CEO duality, had only a limited effect on the level of top management pay. An important conclusion was that top management pay and corporate performance are more aligned in companies with outsider-dominated boards and remuneration committees. |
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