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Relationship of corporate governance on directors' remuneration of listed small and medium-scale companies in Malaysia

Small and medium businesses play a significant role in the domestic economy. These businesses provide employment opportunities at lower and higher management levels with different employee remuneration schemes including directors. This research investigates the correlation between corporate gover...

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Main Authors: Mohamed Sultan, Siti Azura, Zainol, Zaini, Annuar, Hairul Azlan
Format: Article
Language:English
Published: Human Resource Management Academic Research Society 2024
Subjects:
HF5601 Accounting. Bookkeeping
Online Access:http://irep.iium.edu.my/116791/7/116791_Relationship%20of%20corporate%20governance.pdf
http://irep.iium.edu.my/116791/
https://journals.indexcopernicus.com/search/details?id=7378
http://dx.doi.org/10.6007/IJARAFMS/v14-i4/23565
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spelling my.iium.irep.1167912024-12-19T01:53:07Z http://irep.iium.edu.my/116791/ Relationship of corporate governance on directors' remuneration of listed small and medium-scale companies in Malaysia Mohamed Sultan, Siti Azura Zainol, Zaini Annuar, Hairul Azlan HF5601 Accounting. Bookkeeping Small and medium businesses play a significant role in the domestic economy. These businesses provide employment opportunities at lower and higher management levels with different employee remuneration schemes including directors. This research investigates the correlation between corporate governance characteristics and directors' remuneration within a sample of 50 small and medium-sized companies (SMCs) listed on Bursa Malaysia spanning the period 2015 to 2018. The GMM estimator results reveal a positive association between board size, board shareholding, family relationships, independent non-executive directors, and directors' remuneration. Conversely, a negative relationship is observed between the number of board meetings and directors' remuneration. The study suggests that regulators take these findings into account to mitigate agency problems within small and medium-sized listed companies in the country Human Resource Management Academic Research Society 2024-12-14 Article PeerReviewed application/pdf en http://irep.iium.edu.my/116791/7/116791_Relationship%20of%20corporate%20governance.pdf Mohamed Sultan, Siti Azura and Zainol, Zaini and Annuar, Hairul Azlan (2024) Relationship of corporate governance on directors' remuneration of listed small and medium-scale companies in Malaysia. International Journal of Academic Research in Accounting, Finance and Management Sciences, 14 (4). pp. 922-939. E-ISSN 2225-8329 https://journals.indexcopernicus.com/search/details?id=7378 http://dx.doi.org/10.6007/IJARAFMS/v14-i4/23565
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HF5601 Accounting. Bookkeeping
spellingShingle HF5601 Accounting. Bookkeeping
Mohamed Sultan, Siti Azura
Zainol, Zaini
Annuar, Hairul Azlan
Relationship of corporate governance on directors' remuneration of listed small and medium-scale companies in Malaysia
description Small and medium businesses play a significant role in the domestic economy. These businesses provide employment opportunities at lower and higher management levels with different employee remuneration schemes including directors. This research investigates the correlation between corporate governance characteristics and directors' remuneration within a sample of 50 small and medium-sized companies (SMCs) listed on Bursa Malaysia spanning the period 2015 to 2018. The GMM estimator results reveal a positive association between board size, board shareholding, family relationships, independent non-executive directors, and directors' remuneration. Conversely, a negative relationship is observed between the number of board meetings and directors' remuneration. The study suggests that regulators take these findings into account to mitigate agency problems within small and medium-sized listed companies in the country
format Article
author Mohamed Sultan, Siti Azura
Zainol, Zaini
Annuar, Hairul Azlan
author_facet Mohamed Sultan, Siti Azura
Zainol, Zaini
Annuar, Hairul Azlan
author_sort Mohamed Sultan, Siti Azura
title Relationship of corporate governance on directors' remuneration of listed small and medium-scale companies in Malaysia
title_short Relationship of corporate governance on directors' remuneration of listed small and medium-scale companies in Malaysia
title_full Relationship of corporate governance on directors' remuneration of listed small and medium-scale companies in Malaysia
title_fullStr Relationship of corporate governance on directors' remuneration of listed small and medium-scale companies in Malaysia
title_full_unstemmed Relationship of corporate governance on directors' remuneration of listed small and medium-scale companies in Malaysia
title_sort relationship of corporate governance on directors' remuneration of listed small and medium-scale companies in malaysia
publisher Human Resource Management Academic Research Society
publishDate 2024
url http://irep.iium.edu.my/116791/7/116791_Relationship%20of%20corporate%20governance.pdf
http://irep.iium.edu.my/116791/
https://journals.indexcopernicus.com/search/details?id=7378
http://dx.doi.org/10.6007/IJARAFMS/v14-i4/23565
_version_ 1818833737762209792
score 13.235362

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