TY  - JOUR
T1  - Remuneration Committee Attributes and Firm Performance in Finance Industry
AU - Saat, Nur Ashikin Mohd AU - Kallamu, Basiru Salisu 
JO  - International Business Management
VL  - 7
IS  - 6
SP  - 475
EP  - 484
PY  - 2013
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2013.475.484
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2013.475.484
KW  - words:Remuneration committee
KW  -independent directors
KW  -independent directors
KW  -firm performance
KW  -firm performance
AB  - The study examines the influence of remuneration committee attributes on performance 
  of finance companies for the period 2007-2011. Based on the data obtained from 
  37 finance companies listed under the finance segment of the main market of 
  Bursa Malaysia, the result indicates significant positive relationship between 
  RC attributes and firm performance. In terms of the coefficient of the variables, 
  the result indicates that independent committee chair is significantly negatively 
  related with accounting returns. This is contrary to agency theory and theoretically 
  consistent with stewardship theory which suggests that executive directors are 
  good stewards and in terms of conflict of the interest, the interest of the 
  principal will prevail. This implies that the requirement for RC to be composed 
  of only non-executive directors may not be the appropriate governance arrangement 
  for finance companies. The result indicates a significant improvement in corporate 
  governance in finance companies based on attributes of remuneration committee 
  after the Malaysian Code on Corporate Governance was revised.
ER  -