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BUSINESS INFORM №4-2012

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58

Section: Finance, Money Circulation and Credit
Kostyuk O. M., Govorun D. A., Sarkizova O. A., Manzhula I. P., Shablii A. V.
Independent Directors' Remuneration in Various Corporate Governance Systems: Empirical Evidence from Banks (p. 191 - 195)

This paper represents the study of directors' remuneration of banks in various corporate governance systems. One of the main outcomes is that banks still have the practice of «pay for presence» but only in some cases banks try to implement «pay for performance practice» which is comparable to previous researches. It was also found that independent directors' remuneration practice in banks varies from the governance system which is used.
Keywords: corporate governance, independent directors, remuneration
Bibl.: 17.

Kostyuk Olexandr M. – Doctor of science (Economics), professor, Department of International Economics of Ukrainian Academy of Banking of National Bank of Ukraine (Sumy)
Govorun Dmytrii A – postgraduate student, Department of International Economics, Ukrainian Academy of Banking of the National Bank of Ukraine (Sumy)
Sarkizova Olga A. – Ukrainian Academy of Banking of the National Bank of Ukraine (Sumy)
Manzhula Ivan P. – Ukrainian Academy of Banking of the National Bank of Ukraine (Sumy)
Shablii Artyom V. – Ukrainian Academy of Banking of the National Bank of Ukraine (Sumy)

Article is written in English
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Reference to this article:
Kostyuk, Olexandr M. et al. (2012) “Independent Directors' Remuneration in Various Corporate Governance Systems: Empirical Evidence from Banks.” Business Inform 4:191–195.


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