薪資報酬委員會特性對高階管理團隊異常酬勞之交互效果

The Interaction Effects of Compensation Committee Characteristics on Abnormal Top Management Team Compensation

本研究在於檢測薪資報酬委員會獨立性、專業性與工作涉入對高階管理團隊異常酬勞之交互影響作用。研究中以台灣證券交易所上市公司為對象，以薪資報酬委員會獨立董事比率衡量薪資報酬委員會獨立性，以具備大專教師資格或擁有專技證照委員比率衡量專業性，以出席率與開會次數衡量工作涉入程度。實證結果顯示，薪資報酬委員會專業性、獨立性與工作涉入等個別特性對高階管理團隊異常酬勞之影響有限，而其交叉項對高階管理團隊異常酬勞則有穩定影響效果。此結果顯示，提升委員會專業性、獨立性與工作涉入程度可產生綜效作用，有效降低高階管理團隊異常酬勞。

This study examines the interaction effects of independence, professional competence and work involvement of the compensation committee on abnormal top management team (TMT) compensation. To address this issue, the ratio of independent directors on the committee is used to measure the degree of independence, the ratio of committee members having a professorship or professional qualifications the degree of professional competence, and the attendance ratio and the number of meetings the extent of work involvement. The results show that while the individual characteristics of the committee are not consistently and significantly related to abnormal TMT compensation, the interactions of the characteristics are negatively associated with abnormal TMT compensation. Such findings indicate that improving independence, professionalism and work involvement of the committee can create synergies and thus effectively reduce abnormal TMT compensation.