What Do Compensation Committees on the Boards of Public Companies Do? Comparisons of Indian and US Process Differences Juxtaposing Complementary Theoretical Lenses

摘要

This study examined the processes undertaken by compensation committees (CCs) on Indian public company boards building on the CC process study of U.S. public company boards reported in Hermanson et al. (2012). The Indian data reported here were gathered through scripted, in-depth, semi-structured interviews of 21 Indian directors (17 CC members, two Management Committee members and two directors, all of whom dealt with compensation matters on their boards).