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Board remuneration in German listed companies becomes more and more subject of public and political discussion, concerning the presumed lack of transparency and too short-term orientation. Besides the increasing regulatory activity, the arrangement of board compensation constitutes a focal...
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managers, their contribution may be dependent on other corporate governance mechanisms, e.g. board composition, as significant …
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This study focuses on the relationship between board effectiveness and management compensation reporting. Specifically, the effect of overlapping memberships in audit and compensation committees (OMAC) on the readability of management compensation reports (MCR) is analyzed. Using archival data...
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reveals that the key assumptions of neoclassical principal agent theory for both managers and shareholders are not always …
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