PENGARUH KEPEMILIKAN KELUARGA, KEDEKATAN DIREKSI &Amp; KOMISARIS DENGAN PEMILIK PENGENDALI TERHADAP KOMPENSASI DIREKSI &Amp; KOMISARIS PERUSAHAAN DI PASAR MODAL INDONESIA
Keywords: compensation of director and commisioner, good corporate governance, kompensasi direksi komisaris, ownership structure, struktur kepemilikan, teori keagenan
Abstract
The purpose of this study was to examine whether family ownership and Directors Commissioner who have close relations with owner has an influence on the compensation of the Board of Directors and Commissioner. This study uses data companies listed in Indonesia Stock Exchange 2004-2006 period, indicating that the higher proportion of families in the company and the lower involvement in the management of the company, the lower the compensation of Directors and Commissioner. This means that if a family is only acting as an owner, but does not have a high involvement in the management of the company, the compensation Board of Directors and commissioner to be more optimal. In other words the family control as the owner of the Commissioner and Directorss compensation is effective.
Tujuan penelitian ini adalah untuk menelaah apakah kepemilikan keluarga dan direksi komisaris yang memiliki kedekatan dengan pemilik mempunyai pengaruh terhadap kompensasi direksi komisaris. Penelitian ini menggunakan data perusahaan yang terdaftar di Bursa Efek Indonesia periode 2004-2006. Hasil menunjukkan bahwa semakin tinggi proporsi keluarga dalam perusahaan dan semakin rendah keterlibatannya dalam pengelolaan perusahaan, semakin rendah kompensasi direksi komisaris. Artinya apabila keluarga hanya bertindak sebagai pemilik namun tidak memiliki keterlibatan yang tinggi dalam pengelolaan perusahaan, maka kompensasi direksi komisaris menjadi lebih optimal. Atau dengan kata lain kontrol keluarga sebagai pemilik terhadap kompensasi direksi komisaris berjalan dengan efektif.
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