獨立董事背景與高管員工薪酬差距之關聯性- 以我國上市櫃公司為例

Abstract

2002年後，金管會逐步要求上市櫃公司設立獨立董事是台灣近年來公司治理的大改革，本研究旨在探討不同獨立董事背景對高階經理人與基層員工薪酬差距之關聯性，以2015-2019年台灣上市櫃公司資料為研究樣本，分析財務會計、法務、學術及產業四種背景獨立董事何者較能抑制薪酬差距。實證結果發現財務會計背景獨立董事與薪酬差距呈現正向關係，也就是公司具有財務會計背景獨立董事使公司薪酬差距擴大；而法務、學術及產業背景獨立董事則與薪酬差距呈現負向關係，具有一定的抑制效果，整體而言，公司規模以及員工人數解釋了大部分的薪酬差距關係，而獨立董事背景則可做為增進公司治理及調節薪酬差距的一項重要角色。

Adding independent directors onto the board has been an important reform of corporate governance of listed companies. Independent director system was formally introduced in Taiwan in 2002, and it has brought effects on corporate governance of all listed companies. The purpose of this study is to examine the relationship between the background of independent directors and the executive-employee pay ratio with the data of listed companies from 2015 to 2019. Empirical results indicate that there is a positive relationship between companies with independent directors of financial and accounting background with the pay ratio while there is a negative relationship between companies with legal, academic and industry expertise of independent director with the pay ratio. The negative relationship implies these backgrounds of independent directors provide a certain restraining effect to the pay ratio. All in all, the size and quantity of employee explain most of the effect on pay ratio; while independent directors with certain backgrounds can be used to strengthen corporate governance and reduce the executive-employee pay ratio.