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Women on corporate boards and the incidence of receiving a 'strike' on the remuneration report

Citation

Ahmed, A and Ng, C and Delaney, D, Women on corporate boards and the incidence of receiving a 'strike' on the remuneration report, Corporate Ownership & Control, 12, (4) pp. 261-272. ISSN 1727-9232 (2015) [Refereed Article]


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Copyright Statement

Copyright 2015 The Authors

DOI: doi:10.22495/cocv12i4c2p2

Abstract

This paper examines the effect of one form of board diversity on the incidence of receiving a ‘strike’ (i.e., receiving 25 percent or more ‘no’ votes) on the remuneration report by ASX companies in Australia. More specifically, the research hypothesises that there is a negative association between women presence on corporate boards and the likelihood of receiving a ‘strike’ on remuneration reports. Using the Financial Review Business Intelligence’s remuneration report voting database, this study constructs a matched-pair sample of 314 strike firms and 314 control firms from 2011 to 2013. After controlling for other ‘strike’ related factors, the results suggest a significant association between the presence of at least one woman on the board and a lower incidence of receiving a ‘strike’. This finding contributes to the research by showing that the presence of female directors is likely to enhance the monitoring function of the board and thus lower the likelihood of receiving a ‘strike’ on the remuneration report.

Item Details

Item Type:Refereed Article
Keywords:Gender Diversity; Women on Boards; 'Strike'; Remuneration Report
Research Division:Commerce, Management, Tourism and Services
Research Group:Accounting, Auditing and Accountability
Research Field:Accounting Theory and Standards
Objective Division:Expanding Knowledge
Objective Group:Expanding Knowledge
Objective Field:Expanding Knowledge in Commerce, Management, Tourism and Services
UTAS Author:Delaney, D (Dr Deborah Delaney)
ID Code:138298
Year Published:2015
Deposited By:Accounting and Corporate Governance
Deposited On:2020-03-31
Last Modified:2020-07-27
Downloads:1 View Download Statistics

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