CEO remuneration;
performance sensitive remuneration;
industry and company effects;
board composition and size;
D O I:
10.1111/j.1759-3441.2010.00060.x
中图分类号:
F [经济];
学科分类号:
02 ;
摘要:
Cross-sectional analysis of the remuneration paid by a sample of 1,144 listed Australian companies in 2006 to their CEOs highlights the variation in the level and composition of remuneration both within and across industries. Average annual CEO remuneration for 2006 is $ 730,000 with 79% short-term, 14% long-term and 7% post-employment remuneration. These components of remuneration structure, company size and corporate governance measures provide insight into the variation in CEO remuneration. There is no evidence of a positive relation between current year CEO remuneration and following year performance.