Remuneration of Non-Executive Directors in German Listed Firms: An Empirical Note
HHL Research Paper Series in Corporate Governance, No. 12, May 2013
19 Pages Posted: 2 Jun 2013
Date Written: March 12, 2013
Abstract
In the last years, non-executive directors are facing increasing duties and (legal) responsibilities. From that perspective, it is quite surprising that the remuneration of non-executive directors has received rather little attention so far. In this study we examine the German experience. We present the status quo of non-executive director remuneration and discuss its challenges. Specifically, we will look at the level of director remuneration and the (possible) problem of limited incentives.
Keywords: Non-executive compensation, incentives, corporate governance, Germany
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