The quality of executive’s remuneration policy in banks in Poland
Journal Title: Zarządzanie i Finanse - Year 2015, Vol 13, Issue 1
Abstract
The aim of this article is to assess the quality of executive remuneration poli- cy in Poland based on the sample of 16 banks listed on the Warsaw Stock Ex- change for the period 2005–2013. The study is an attempt to identify the factors that determine the quality of the executive remuneration policy. The latter is mea- sured by an index based on the information related to the level and structure of the bank’s executive compensation, policy on variable components of executive pay, functioning of the board compensation committee, and long-term incentive programs based on bank’s shares. The findings show that banks listed on the stock exchange gradually in- crease the scope of the disclosure of the remuneration policy. The biggest changes have occurred in 2012, as a result of new regulations. The results reveal that there is a positive relationship between the quality of executive remuneration policy and some corporate governance standards such as the frequency of the compen- sation committee meetings as well as the stake of the institutional investors in bank’s ownership structure. The highest quality of executive remuneration policy exists in banks controlled by investors from Anglo-Saxon countries. A higher than average quality of remuneration policy has been observed in larger banks and those banks where CEO receives a relatively higher pay
Authors and Affiliations
Agnieszka Słomka-Gołębiowska, Piotr Urbanek
Keywords
Related Articles
- EP ID EP89869
- DOI -
- Views 68
- Downloads 0
Proces internacjonalizacji przedsiębiorstw e-commerce – przegląd wyników badań
Literatura dostarcza wielu opracowań dotyczących prowadzenia przed-siębiorstw e-commerce oraz charakterystyki e-konsumenta, niewiele jest jednak publikacji omawiających proces internacjonalizacji e-przedsiębiorstw. Artyk...
The Role of Professional Accountants and changes in business reporting
Increase in corporate responsibility for social and invironmental effects of business activities has affected the changes in the approach to the role of professional accountants. Their competences, skills and knowl...
Kredyt w decyzjach finansowych przedsiębiorstw rolniczych w Polsce (ze szczególnym uwzględnieniem podmiotów z regionu Pomorza Środkowego)
Celem badań zaprezentowanych w artykule jest określenie stopnia wykorzystania kredytu handlowego i kredytu bankowego w strukturze źródeł finansowania przedsiębiorstw rolniczych w Polsce w latach 2006-2011, ze szcze...
The analysis of business strategies of Google Inc. – case study
The subject of this article is an analysis of business activities of Google Inc. In the first part the history, significant principles of business activities and financial data from last years were presented. Then there...
Rola i zakres oceny eksperckiej w projektach współfinansowanych z funduszy Unii Europejskiej
W artykule podjęto próbę analizy roli i zakresu oceny eksperckiej projektów dokonywanej w oparciu o dokumentację projektową. Omówiono kluczowy element każdego projektu, czyli zakres i rodzaje innowacyjności. Następ...