The association between information quality of CD&A and CEO pay after the Dodd-Frank Act

• Main Authors: Tsui-Fang Chang, 張翠方
• Other Authors: Chia-Ying Chan
• Format: Others
• Language: en_US
• Online Access: http://ndltd.ncl.edu.tw/handle/a72u9e

碩士 === 元智大學 === 商學碩士班(財務金融學程) === 102 === This thesis examines the association between information quality of CD&A and CEO pay after the Dodd-Frank Act. The CD&A is a section in proxy statement which disclosing the practice of executive compensation. The Dodd-Frank Act is concerning financial institutions regulatory reform and Consumer Protection which was enacted in July 2010. This thesis considers the Dodd-Frank Act has impact on CD&A section due to the mandate additional disclosure. Besides, this act may also affect firm’s design of the CEO compensation in order to obtain shareholders’ support when conducting say-on-pay vote. This thesis finds the relationship between the CD&A content and CEO pay is significantly negative and this phenomenon will be mitigated after Dodd-Frank Act. This thesis also finds that CEO’s regular compensation, such as salary, bonus and option, is more correlated with information about long-term incentive performance measure after Dodd-Frank Act. However, perk has more concern with annual incentive performance measure. These findings help shareholders to keep attention on more valuable information when supervising company’s compensation plan.