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Remuneration of non-executive directors in German listed firms: an empirical note

  • In the last years, non-executive directors are facing increasing duties and (legal) responsibilities. From that perspective, it is quite surprising that the remuneration of non-executive directors has received rather little attention so far. In this study we examine the German experience. We present the status quo of non-executive director remuneration and discuss its challenges. Specifically, we will look at the level of director remuneration and the (possible) problem of limited incentives.

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Document Type:Other
Author:Christian Lazar, Marc Steffen RappORCiD, Michael WolffORCiD
Center:Center for Corporate Governance (CCG)
Year of Completion:2013
HHL Research Paper Series in Corporate Governance No. 12. Leipzig: HHL Leipzig Graduate School of Management, Center for Corporate Governance, 2013