Shareholder Influence on Board of Directors and CEO Remuneration: A Literature Review

Abstract

Purpose – This paper develops a discussion for the shareholder influence on board of directors and CEO remuneration of public listed corporation.

Design/methodology/approach – This study entails Australia, The United States of America and The United Kingdom.

Findings – The findings show that there is a proportionate mix of direct correlation between the influence of shareholders and the remuneration of executive directors and the CEO of public listed corporations.

Originality/value – The paper will be of vital importance to other academics looking at this question, and to both public and private sector entities.

Keywords: Shareholder Influence Executive Remuneration Compensation CEO Financial Performance Corporate Governance

JEL Classification: D21, D22, D31, D79, G35, L25, M41