Determinanty niezależności komitetu wynagrodzeń w bankach w Polsce
Determinants of compensation committee independence in banks in Poland

Summary/Abstract: A view that independence of compensation committee is important to promote both shareholders as well as other stakeholder interests of a bank has been reflected in the regulation of many countries recently after the crisis of 2007-2009. The aim of the paper is to examine the determinants of the compensation committee independence in banks in Poland. Empirical results show that independence of compensation committee depends on the shareholder structure. The larger block of shares concentrated in the hands of the majority shareholder, the smaller the proportion of independent board members in the banks’ compensation committee. The share of independent board members in the committee increases with the increasing stake possessed by the private pension funds and with the size of the committee.

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