Impact of women on board and women CFO towards pay practices in listed companies in Malaysia

Director pay and remuneration policy have become contentious issues of late. In Malaysia, Sapura Energy Berhad and Felda Global Ventures Berhad are two recent cases of inexplicably large top management pay not commensurate with company performances, which attracted the attention of investors, regul...

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Main Author:	Rima Melini, Md Tamin @ Amin
Format:	Thesis
Language:	eng eng
Published:	2021
Subjects:	HD2709-2930.7 Corporations
Online Access:	https://etd.uum.edu.my/9643/1/s903079_01.pdf https://etd.uum.edu.my/9643/2/s903079_02.pdf
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id	my-uum-etd.9643
record_format	uketd_dc
spelling	my-uum-etd.96432022-07-31T02:14:12Z Impact of women on board and women CFO towards pay practices in listed companies in Malaysia 2021 Rima Melini, Md Tamin @ Amin Wan Hussin, Wan Nordin Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business HD2709-2930.7 Corporations Director pay and remuneration policy have become contentious issues of late. In Malaysia, Sapura Energy Berhad and Felda Global Ventures Berhad are two recent cases of inexplicably large top management pay not commensurate with company performances, which attracted the attention of investors, regulators, and minority shareholders. Huge pay disparity between top management and employees is also in the spotlight since this pay practice is at odds with the United Nations Sustainable Development Goals (SDG 17) on reducing inequalities. Acknowledging this concern, the latest Corporate Governance Monitor 2020 issued by the Securities Commission continues to highlight the top management pay practices and disclosures. The purpose of this study is to explore the association of women on board and women Chief Financial Officer (CFO) towards the pay disparity, pay disclosure, and Chief Executive Officer (CEO)’s remuneration in listed companies in Malaysia, using the agency, gender, stewardship, stakeholders, and tournament theories. The sample consists of 122 companies listed on Bursa Malaysia. Their compliances with Practices 7.2 and 7.3 of the Malaysian Code on Corporate Governance (MCCG) 2017 are noted. This study found significant relationships between women on board and women CFO towards pay disclosure and CEO remuneration. Supporting the five theories, this study provides the basis for policymakers to emphasize the importance of women on the board and top management as well as contributes to the current debate on the desirability of mandating more women on board and top management. 2021 Thesis https://etd.uum.edu.my/9643/ https://etd.uum.edu.my/9643/1/s903079_01.pdf text eng 2024-08-22 staffonly https://etd.uum.edu.my/9643/2/s903079_02.pdf text eng public other doctoral Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng
advisor	Wan Hussin, Wan Nordin
topic	HD2709-2930.7 Corporations
spellingShingle	HD2709-2930.7 Corporations Rima Melini, Md Tamin @ Amin Impact of women on board and women CFO towards pay practices in listed companies in Malaysia
description	Director pay and remuneration policy have become contentious issues of late. In Malaysia, Sapura Energy Berhad and Felda Global Ventures Berhad are two recent cases of inexplicably large top management pay not commensurate with company performances, which attracted the attention of investors, regulators, and minority shareholders. Huge pay disparity between top management and employees is also in the spotlight since this pay practice is at odds with the United Nations Sustainable Development Goals (SDG 17) on reducing inequalities. Acknowledging this concern, the latest Corporate Governance Monitor 2020 issued by the Securities Commission continues to highlight the top management pay practices and disclosures. The purpose of this study is to explore the association of women on board and women Chief Financial Officer (CFO) towards the pay disparity, pay disclosure, and Chief Executive Officer (CEO)’s remuneration in listed companies in Malaysia, using the agency, gender, stewardship, stakeholders, and tournament theories. The sample consists of 122 companies listed on Bursa Malaysia. Their compliances with Practices 7.2 and 7.3 of the Malaysian Code on Corporate Governance (MCCG) 2017 are noted. This study found significant relationships between women on board and women CFO towards pay disclosure and CEO remuneration. Supporting the five theories, this study provides the basis for policymakers to emphasize the importance of women on the board and top management as well as contributes to the current debate on the desirability of mandating more women on board and top management.
format	Thesis
qualification_name	other
qualification_level	Doctorate
author	Rima Melini, Md Tamin @ Amin
author_facet	Rima Melini, Md Tamin @ Amin
author_sort	Rima Melini, Md Tamin @ Amin
title	Impact of women on board and women CFO towards pay practices in listed companies in Malaysia
title_short	Impact of women on board and women CFO towards pay practices in listed companies in Malaysia
title_full	Impact of women on board and women CFO towards pay practices in listed companies in Malaysia
title_fullStr	Impact of women on board and women CFO towards pay practices in listed companies in Malaysia
title_full_unstemmed	Impact of women on board and women CFO towards pay practices in listed companies in Malaysia
title_sort	impact of women on board and women cfo towards pay practices in listed companies in malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2021
url	https://etd.uum.edu.my/9643/1/s903079_01.pdf https://etd.uum.edu.my/9643/2/s903079_02.pdf
_version_	1747828640495697920

Impact of women on board and women CFO towards pay practices in listed companies in Malaysia

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