Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies
Includes bibliographical references (leaves 82-88).
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
College of Accounting
2014
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867614061477232640 |
|---|---|
| access_status_str | Open Access |
| author | Penkin, Kenneth David |
| author2 | Wormald, Michael |
| author_browse | Penkin, Kenneth David Wormald, Michael |
| author_facet | Wormald, Michael Penkin, Kenneth David |
| author_sort | Penkin, Kenneth David |
| collection | Thesis |
| description | Includes bibliographical references (leaves 82-88). |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/9004 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:46:03.389Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | College of Accounting |
| publisherStr | College of Accounting |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/9004 An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies Penkin, Kenneth David Wormald, Michael Cramer, Peter Financial Management Includes bibliographical references (leaves 82-88). This thesis will examine the administration of executive compensation in listed companies in South Africa in order to understand the background to the topical emotion expressed by the public about the quantum of executive earnings. The Thesis attempts to explain how approaches are made to these vast payments. It commences with the history of the management of executive compensation. Before the 1990s, disclosure of directors' emoluments was limited to one amount. Companies suffered losses due to the Agency Theory where executives dominated boards. With the introduction of remuneration committees and corporate governance, control was moved to a committee of the board of -non-executive directors (a remuneration committee). The purpose of this research was to ascertain whether such a committee is effective. Interviews were held with leading executives and an analyst. An electronic survey was dispatched to the chief executive officers and chief financial officers of a large selection of listed companies. The results of the research are summarised and conclusions expressed on all such views with the addition of limited input of the author's views. The question requires an examination of the effectiveness of remuneration committees. Some suggestions are also made as to future research and actions which may be conducted. This thesis shows that remuneration committees are not as effective as they should be and will explain why this is so. 2014-10-31T18:01:24Z 2014-10-31T18:01:24Z 2009 Master Thesis Masters MCom http://hdl.handle.net/11427/9004 eng application/pdf College of Accounting Faculty of Commerce University of Cape Town |
| spellingShingle | Financial Management Penkin, Kenneth David An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies |
| thesis_degree_str | Master's |
| title | An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies |
| title_full | An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies |
| title_fullStr | An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies |
| title_full_unstemmed | An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies |
| title_short | An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies |
| title_sort | analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in south african listed companies |
| topic | Financial Management |
| url | http://hdl.handle.net/11427/9004 |
| work_keys_str_mv | AT penkinkennethdavid ananalysisoftheperceivedeffectivenessofremunerationcommitteesindecidingonexecutivecompensationinsouthafricanlistedcompanies AT penkinkennethdavid analysisoftheperceivedeffectivenessofremunerationcommitteesindecidingonexecutivecompensationinsouthafricanlistedcompanies |