Daily, Catherine M.; Johnson, Jonathan L.; Ellstrand, Alan E.
August 1996
Academy of Management Best Papers Proceedings;1996, p6
Conference Proceeding
This study examines the relationship between the board of directors and alternative measures of CEO compensation. While virtually no support was found for a systematic relationship between board composition and CEO compensation, equity holdings of outside directors serving the compensation committee are significantly related to several measures of CEO compensation.


Related Articles

  • Ethics Programs, Board Involvement, and Potential Conflicts of Interest in Corporate Governnance. Felo, Andrew J. // Journal of Business Ethics;Aug2001 Part 1, Vol. 32 Issue 3, p205 

    Board composition, insider participation on compensation committees, and director compensation practices can potentially cause conflicts of interest between directors and shareholders. If these corporate governance structures result in situations where actions beneficial to directors do not also...

  • THE COMPOSITION OF BOARDS OF DIRECTORS AND INCIDENCE OF GOLDEN PARACHUTES. Cochran, Philip L.; Wood, Robert A.; Jones, Thomas B. // Academy of Management Journal;Sep85, Vol. 28 Issue 3, p664 

    Golden parachutes are a new and controversial management perquisite that allow covered managers to voluntarily resign and collect substantial remuneration--in some cases several million dollars--after a triggering event, usually a hostile takeover. This ability to unilaterally pull a ripcord has...

  • Hands-Off Options. Fried, Jesse M. // Vanderbilt Law Review;Mar2008, Vol. 61 Issue 2, p453 

    The article suggests the use of hands-offs options that could benefit the executives or shareholders in a corporation. This alternative is referred to as an option to be considered in mitigating executives' incentive in each sales made to manipulate the stock price conditions. According to the...

  • MULTIPLE BOARD APPOINTMENTS: ARE DIRECTORS EFFECTIVE? Hashim, Hafiza Aishah; Abdul Rahman, Mohd Shaari // International Journal of Business & Social Science;2011, Vol. 2 Issue 17, p137 

    Our paper examines the relationship between the presence of interlocked directors on a board and earnings quality. For a sample of 554 firm-years spanning 2003 to 2004, we find that the presence of interlocked directors on board is associated with higher earnings quality as measured by the...

  • ACTING FOR YOU. Sheehy, Tim // Keeping Good Companies (14447614);Dec2009, Vol. 61 Issue 11, p643 

    The article discusses executive remuneration and market integrity in relation to governance. According to the author, as of December 2009, remuneration is not only a concern for shareholders, but of wide community interest. The Productivity Commission of Australia found that it is not...

  • THE COMPENSATION COMMITTEE: WHAT'S IN A NAME? England, John; England, Peter // Directors & Boards;2016 Third Quarter, Vol. 40 Issue 5, p32 

    The article discusses the role of compensation committees in corporations. Topics include a brief overview of the responsibilities of compensation committees, and discusses the relationship and the impact of compensation committees to other branches such as corporate governance and to the chief...

  • Director Pay Developments in Smaller and Private Companies. Richard, J. E. // Directors & Boards;Spring89, Vol. 13 Issue 3, p35 

    The article discusses the reasons behind the sudden developments of director pay in special-situation companies in the U.S. Accordingly, these developments are propelled by the need for more capable board members, the need for more independent outside directors and the need for more strategic...

  • Rethinking the Traditions of Director Compensation. Franklin, Barbara Hackman // Directors & Boards;Spring89, Vol. 13 Issue 3, p42 

    The author suggests the review of the compensation structure designed for outside directors of publicly-traded companies. She says that the review is conceived considering the intensely competitive worldwide business environment, the fast pace and large size of many corporate development and...

  • CHAPTER 8: CORPORATE GOVERNANCE AND MANAGERIAL COMPENSATION. Kaen, Fred R. // Blueprint for Corporate Governance;2003, p117 

    Chapter 8 of the book "Blueprint for Corporate Governance" is presented. The chapter explores a major responsibility of the board of directors to formulate a system for compensating managers. If managers should be paid based on performance, then an explanation is given on how performance can be...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics