Business, Management and Accounting
7 years ago

Corporate governance mechanisms influence CEO compensation levels in Pakistan firms.

CORPORATE MONITORING MECHANISM AND CORPORATE GOVERNANCE INFLUENCE CEO COMPENSATION LEVEL: EVIDENCE FROM NON-FINANCIAL FIRMS OF PAKISTAN
Anam Tasawar

Paper Summary

The study looked at how different factors in a company's structure affect how much the CEO gets paid in Pakistan. They found that having an independent audit committee and board of directors, along with a dual CEO structure and more family ownership, can help keep CEO pay in check. On the other hand, having more financial institutional ownership can lead to higher CEO pay. Family firms tend to pay their CEOs less compared to non-family firms.

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