|a英文題名:The Impact of Independent Directors and Compensation Committee on Top Manager's Abnormal Compensation
|a本研究檢驗獨立董事與薪酬委員會對高階經理人的超額薪酬之影響。在使用2008年至2016年台灣上市(櫃)公司為研究樣本後發現，當獨立董事比例愈高，高階經理人超額薪酬會愈小。此外，有設置薪酬委員會之公司，其高階經理人超額薪酬亦會愈小，因為薪酬委員會之設立確實可增進高階經理人薪酬的適當性與公平性。總結，本研究確認獨立董事與薪酬委員會兩個因素可以減少高階經理人獲取超額薪酬。|uThis study investigates the impact of independent directors and compensation committee on abnormal remuneration of top managers. Using Taiwanese firms listed in TSE and OTC from 2008 to 2016, I find that the higher proportion of independent directors, the less of abnormal remuneration of top managers award. In addition, I find that companies with the compensation committee have relatively smaller abnormal compensation for their top managers because compensation committee seems to establish more appropriateness and fairness in top managers’ compensation contracts. Thus, this study concludes that independent directors and compensation committee are both factors in reduction of top managers' abnormal compensation.
|aThe Impact of Independent Directors and Compensation Committee on Top Manager's Abnormal Compensation