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Harvey, C., Maclean, M. and Price, M. (2020) Executive Remuneration and the Limits of Disclosure as an Instrument of Corporate Governance. Critical Perspectives on Accounting, 69, Article ID: 102089. https://doi.org/10.1016/j.cpa.2019.06.003

has been cited by the following article:

• TITLE: The Impact of Executive Compensation on Banking Performance: Evidence from the Ghanaian Banking Crises

  AUTHORS: Emmanuel Anyigbah, Yusheng Kong, Ahotovi Thomas Ahoto, Wilhelmina Seyome Ahiaku

  KEYWORDS: Executive Compensation, Banking Crisis, Banking Performance, Collapsed Banks, Corporate Governance

  JOURNAL NAME: Open Access Library Journal, Vol.8 No.10, October 28, 2021

  ABSTRACT: During the period 2012-2018, nine Ghanaian banks went bankrupt, causing depositors and shareholders to lose billions of Ghana Cedis. This development stunned the whole Ghanaian community, as many had not anticipated the occurrence of a banking crisis of that magnitude, since most of these banks were renowned indigenous banks. One of the fundamental causes of these banks’ failure was a lack of sound corporate governance practices. In this regard, the current study attempts to focus on one of the corporate governance practices—executive compensation—by giving an in-depth analysis of how poor executive compensation contributed to the failure of these banks. The study found that there was weak adherence to common execution compensation principles and practices of corporate governance. Banks did not have the appropriate compensation systems designed for the banks’ executives and non-executives. In addition, the compensation committee of some banks was not properly constituted whereas others had no compensation committee.