Outside director compensation in German public family firms : an empirical analysis
Author(s)
Bibliographic Information
Outside director compensation in German public family firms : an empirical analysis
（Research）（Familienunternehmen und KMU / edited by A. Hack ... [et al.]）
Springer Gabler, c2015
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Note
Originally presented as the author's thesis (doctoral)--WHU-Otto Beisheim School of Management, 2013
Bibliography: p. 159-181
Description and Table of Contents
Description
Pascal Engel investigates how outside directors are incentivized in family firms that are publicly listed but still partly owned by members of the founding family. Owning families significantly influence their firms' corporate conduct with their own set of goals, sometimes in conflict with economically driven goals of the capital markets. The author analyzes how family shareholders exert their influence on compensation schemes of outside directors who have the difficult task to protect the interests of family and non-family shareholders. This book provides insights on current approaches of defining a compensation scheme that attracts qualified outside directors but concurrently reflects respective shareholders' preferences.
Table of Contents
Research on Family Firms.- Outside Directors' Pay Level.- Voluntary Disclosure of Outside Directors' Compensation.- Outside Directors' Pay Mix.
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