The Determinants of Disclosure of Individual Executive Director's Remuneration: A Malaysian Perspective

This paper aims to examine the determinants of disclosure of individual executive directors’ remuneration in Malaysia. The individual disclosure of executive directors’ remuneration was continuously tracked from 2000 to 2008, a period of evolving regulatory framework. Using panel logit regression, the study incorporated agency theory, legitimacy theory, signaling theory and proprietary costs into the research framework. The multivariate analysis showed that there were significant associations between family ownership, government ownership, director ownership, proportion of independent directors, audit quality and company size and the disclosure of individual executive director's remuneration.