executives of listed companies pay measurement of rationalization（上市公司高管薪酬合理化的测量）.docVIP

Executives of listed companies pay Measurement of rationalization Papers Empirical Analysis Introduction :: Steel Corporations Capital Structure factors. Measurement of executive compensation rationalize listed companies. Paper Keywords: executive compensation, rationalization factor, empirical analysis First, the proposed remuneration of executives of listed companies is too high has been a controversial topic, especially in China Ping An chairman Ma Mingzhe astronomical salary is causing a lot of criticism. Their salary level of the case in recent years, the highest average annual salary of executives of listed companies an average growth rate of up to 30%, but in 2008 the outbreak of the subprime mortgage crisis has seriously affected the performance of listed companies has bucked the trend. Based on the data [1] show that 813 listed companies although the overall sample survey of 2008 net profit fell 2.38%, but as of April 1, 2009, have been disclosed in the annual report 813 remuneration in 2008 paid to executives a total of 2.8232 billion yuan, compared with last year rose 14.36 percent. Table 1, Table 2 Table 1: 2004 - 2008, the highest annual salary of executives of listed companies mean changes Time 2004 2005 2006 2007 2008 Salary (million) 19.89 23.62 29.08 54.82 55.65 Source: Analysis of Chinese Listed Companies Ranking - Top executives compensation (2005 to 2009) Table 2: List of the top eight listed companies executive compensation No. Code Abbreviation Reporting period Executives Name Job description Annual remuneration (million) 1 000001 Shenzhen Development Bank A 2008-12-31 Frank Newman Chairman of the board 1598 2 601988 Bank of China 2008-12-31 Zhan Weijian Other 1181.1 3 000100 TCL Group 2008-12-31 Leong Yue Wing Vice President 1006 4 600743 Huayuan Property 2008-12-31 Ren Chairman of the