商业银行经理薪酬年度奖金设置 汇丰银行个案研究-企业管理专业论文.docx

I II ABSTRACT Commercial banks are the important component of financial services, and play a crucial role in the national economy. Thus establishing perfect internal management system to inspire all management people to succeed, making the talents bring the biggest profit is one of the decisive factors. At present, the discussion is focusing on the equity incentives, however, it should not be ignored that the role of annual bonus in executive compensation. The paper analyzes HSBC executive annual bonuses so as to bring some more concern on this issue and a comprehensive knowledge on the status quo of commercial banks in China. Analyzing the impact of the managers annual bonus and the special nature of the bank, as well as the data related from HSBC for all the years, the paper explore the reasonable of HSBC executives annual bonuses. The empirical research shows that annual bonus of HSBC executives during the period from 2004 to 2007 has direct correlation with ROE and ROA, negative correlation with Cost Efficiency Ratio and Credit Performance as Measured By Risk Adjusted Margin, but no direct correlation with non-performing loans and capital adequacy. Annual bonus of CEO has direct correlation with economic profit, but CFO has no direct correlation with it. Commercial banks of China continue to involve the problem of executive incentive, most of them set Remuneration Committee, but the majority of its members from the bank, then the fairness of executive compensation is being challenged; on the other hand, domestic commercial banks improve performance measurement, as China Construction Bank is one of the first banks that take economic profits as one performance indirect. However, because of the incomplete information, it can’t be know whether annual bonus does correlate with the performance indicators. Therefore, raising the information transparency of executive’s compensation and the external control to improve supervise of public. KEY WORDS: Commerci