An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies

Simple item page
dc.contributor.advisorWormald, Michaelen_ZA
dc.contributor.advisorCramer, Peteren_ZA
dc.contributor.authorPenkin, Kenneth Daviden_ZA
dc.date.accessioned2014-10-31T18:01:24Z
dc.date.available2014-10-31T18:01:24Z
dc.date.issued2009en_ZA
dc.descriptionIncludes bibliographical references (leaves 82-88).en_ZA
dc.description.abstractThis 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.en_ZA
dc.identifier.apacitationPenkin, K. D. (2009). <i>An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies</i>. (Thesis). University of Cape Town ,Faculty of Commerce ,College of Accounting. Retrieved from http://hdl.handle.net/11427/9004en_ZA
dc.identifier.chicagocitationPenkin, Kenneth David. <i>"An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies."</i> Thesis., University of Cape Town ,Faculty of Commerce ,College of Accounting, 2009. http://hdl.handle.net/11427/9004en_ZA
dc.identifier.citationPenkin, K. 2009. An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies. University of Cape Town.en_ZA
dc.identifier.ris TY - Thesis / Dissertation AU - Penkin, Kenneth David AB - 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. DA - 2009 DB - OpenUCT DP - University of Cape Town LK - https://open.uct.ac.za PB - University of Cape Town PY - 2009 T1 - An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies TI - An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies UR - http://hdl.handle.net/11427/9004 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/9004
dc.identifier.vancouvercitationPenkin KD. An analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companies. [Thesis]. University of Cape Town ,Faculty of Commerce ,College of Accounting, 2009 [cited yyyy month dd]. Available from: http://hdl.handle.net/11427/9004en_ZA
dc.language.isoengen_ZA
dc.publisher.departmentCollege of Accountingen_ZA
dc.publisher.facultyFaculty of Commerceen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.subject.otherFinancial Managementen_ZA
dc.titleAn analysis of the perceived effectiveness of remuneration committees in deciding on executive compensation in South African listed companiesen_ZA
dc.typeMaster Thesis
dc.type.qualificationlevelMasters
dc.type.qualificationnameMComen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceThesisen_ZA
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
thesis_com_2009_penkin_k.pdf
Size:
6.3 MB
Format:
Adobe Portable Document Format
Description:
Download
Collections
Masters