Table 1

Definitions and opinions of the nomination and remuneration committee

TypeOpinionResearcher
NominationThe nomination committee should concern the company as it plays an essential role in nominating the right members of the executive and board of directors and eliminating ineffective board membersKaczmarek et al. (2012) 
NominationThe nomination committee is a committee that is responsible for selecting potential board members and assessing existing board members, as well as choosing the CEO who will be responsible for the company's operationsChaudhry et al. (2020) 
NominationThe main task of this committee is to regularly review the composition of the board and make recommendations regarding the appointment of qualified candidatesMans-Kemp and Viviers (2019) 
RemunerationOne of the duties of the nomination and remuneration committee is to manage (evaluate and recommend) board compensation so that the remuneration structure (salary, honorarium, incentives, and benefits) of directors and executives has been optimally determined to improve performance and reduce agency costs and information asymmetryHarymawan et al. (2020) 
RemunerationThe remuneration committee is tasked with making recommendations to the board on the policy structure and all forms of remuneration for directors and top management, leading to the establishment of a formal and transparent procedure for developing policies on director remunerationNyambia and Hamdan (2018) 
RemunerationThe remuneration committee is a committee that has an essential role in supporting and advising the board on matters related to remuneration (for example, the level and composition of remuneration, disclosure of remuneration policies, and the process of determining remuneration and performance appraisal). So that there is alignment between the interests of shareholders, executive performance, and remunerationKanapathippillai et al. (2016) 
Nomination and compensation (Remuneration)The nomination committee is tasked with ensuring that people with the best skills, qualifications, and expertise will be responsible for acting in the interests of shareholders and improving the company's financial performance to add value to shareholders. At the same time, the compensation committee is responsible for board decisions regarding the payment of salaries, bonuses, commissions, and profit sharing by considering the directors' qualifications, expertise, and past achievements in designing remuneration packages, along with the company's financial constraintsAshraf et al. (2022) 

Source(s): Table created by authors

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