The executive compensation has always remained an area of interest in the corporate governance and corporate finance sector, particularly, in relation to the compensation given to top executives viz. CFO and Key Managerial personnel. Corporates have to pay an attractive amount of remuneration to the top executive to motivate them to act in the best interests of the company stakeholders. Accordingly, it happens sometimes that the managers try to get more compensation at the cost of firms’ value and stockholders’ interest. The purpose of this study is to assess the impact of various internal and external corporate governance supervision systems in Indian financial organisations on the amount of remuneration offered paid to senior executives. Research found the independent board and frequency of audit committee meeting, used as internal monitoring variables, had been of help in minimizing the higher Value of CEO remuneration. Perhaps the institutional Investors and activism, considered external monitoring variables, had a positive association with the CEO’s compensation.
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