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Outside Director Compensation in German Public Family Firms: An Empirical Analysis

Outside Director Compensation in German Public Family Firms: An Empirical Analysis

Paperback

Series: Familienunternehmen Und Kmu

Business GeneralManagement

ISBN10: 3658073152
ISBN13: 9783658073152
Publisher: Springer Nature
Published: Oct 10 2014
Pages: 181
Weight: 0.59
Height: 0.46 Width: 5.83 Depth: 8.27
Language: English
Pascal Engel investigates how outside directors are incentivized in family firms that are publicly listed but still partly owned by members of the founding family. Owning families significantly influence their firms' corporate conduct with their own set of goals, sometimes in conflict with economically driven goals of the capital markets. The author analyzes how family shareholders exert their influence on compensation schemes of outside directors who have the difficult task to protect the interests of family and non-family shareholders. This book provides insights on current approaches of defining a compensation scheme that attracts qualified outside directors but concurrently reflects respective shareholders' preferences.

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