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Authors
Affiliations
1 Department of Commerce, Guru Nanak Dev University, Amritsar, IN
Source
Abhigyan, Vol 33, No 4 (2016), Pagination: 53-65
Abstract
This study assesses compliance with mandatory disclosure requirements about managerial remuneration mentioned in the clause 49 of the listing agreement for a period of 10 years from 2003 to 2012 by the listed companies in India. Percentages, Cochran's q test, repeated measures ANOVA and Welch ANOVA are used to analyse the data. It has been found that although as a formality a large number of companies disclose the aggregate remuneration paid to their executive and non-executive directors, but detailed disclosure about the components of the managerial remuneration is missing. The findings of the present study can be used as inputs for promoting better compliance and comprehensive executive remuneration disclosure.
Keywords
Managerial Remuneration, Disclosure Practices, Disclosure and Compliance Index, Stock Options, Performance Linked Incentives.
