Dissertation > Excellent graduate degree dissertation topics show

Legal Research on Executive Compensation for Listed Corporations in China

Author: YangJiong
Tutor: TangBo
School: East China University of Political Science
Course: Legal
Keywords: Executive Compensation Determination System Information Disclosure Judicial Remedy
CLC: D922.291.91
Type: Master's thesis
Year: 2011
Downloads: 30
Quote: 0
Read: Download Dissertation

Abstract


Since last financial crisis, the excessive executive compensation of a number of listed companies, especially in the financial industry, aroused controversy far and wide. The compensation system of executives in listed companies is designed to coordinate the conflicts between the shareholders and them, cut down agency costs and maximize the value. However, in listed companies, due to a highly separation between ownership and control, diverse targets and asymmetric information of both sides lead to extortionate compensation of executives. In China, governor structure of listed companies still associated with some drawbacks, improper executive compensation setting process and information disclosure opaque, the inevitable result is the executives to determine their own salaries, their own assessment and other corruptions. Executive compensation system, from formulating to implementing, is out of participation and supervision of the Board, independent directors, shareholders and so on. All of the aforesaid problems and facts result in the disorder of the executive compensation in the listed companies.Executive compensation regulation for listed companies should be improved in the following aspects. First, improve the composition of the Remuneration Committee and the duties system to authorize independent, substantial, competent personnel to be in charge of setting, implementing and supervising the system. Second, improve the information disclosure of listed companies executive compensation system. Providing adequate, timely and detailed information is the key point for the stakeholders to exercise their supervisions on the executives. Therefore, to resolve the widely existing information asymmetry is urgently needed. Third, improve judicial remedy means (shareholder derivative litigation) . Judicial remedy is the last line of justice, although the Section 152 of PRC Company Law has already established a shareholder derivative action, it is nearly impossible to operate. In a conclusion, derivative litigation action system should be improved.This article, based on the theoretical analysis, referring to management practices of universal listed companies on executive compensation, consists of executive compensation determination system, information disclosure system and judicial remedy system, 3 aspects, which analyses deficiencies in our country and try to improve.

Related Dissertations

  1. The Research on the Government Information Publicity in Chinese Public Crisis Management,D630
  2. The Legal Prevention of Gem Risk in China,F832.51
  3. The Research on Information Disclosure of Derivatives,F832.51
  4. Research on the Government Information Disclosure System in China,D630
  5. The Study on Supervision of Charity Organizations Within Legal System,D922.182
  6. Problems of Administrative Law college information publicly,D922.1
  7. Research on Legal Protection for Right to Know in Food Consumption,D923.8
  8. Information Disclosure Quality Rating and the Value Relevance of Financial Statements Data,F832.51;F224
  9. Study on the Protection of the Investment Interests in Investment Life Insurance of China,F842.6
  10. Ownership Structure and annual information correction Relationship,F832.51;F224
  11. Research on the Effect of Internal Governance Structure of Companies on Accounting Information Transp Arency,F275
  12. Civil Society Perspective of Government Information Disclosure System,D630
  13. Impact on the Internal Control Disclosure of Information by the Ownership Structure of Our Family Controlled Listed Companies,F275;F224
  14. Empirical Research on the Influence of the Independent Director’s Supervision to Accounting Information Disclosured Illegally,F275;F224
  15. The Research of the Influencing Factors about Our Country’s Electric Power Enterprise Society Responsibility Information,F426.61
  16. Qing legal publication system limitations and innovation,D926
  17. Attempt at Institutional Reform for Solving the Extended Detention,D925.2
  18. A Stady on Some Legal Problems of Listed Companies Stock for Stock M&A by Examples.in Our Country,D922.28;F275
  19. Information disclosure of listed companies in China 's Legal Issues,D922.287
  20. China Securities Private Placement Legal Research Information Disclosure System,D922.287

CLC: > Political, legal > Legal > Chinese law > Economic Law > Corporate law, company law
© 2012 www.DissertationTopic.Net  Mobile