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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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 |
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Universiti Utara Malaysia |
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UUM ETD |
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eng eng |
advisor |
Wan Hussin, Wan Nordin |
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HD2709-2930.7 Corporations |
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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 |
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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 |
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