What Drives Trustee-Director Compensation in Australian Superannuation Funds?

46 Pages Posted: 22 Aug 2016 Last revised: 13 Feb 2017

See all articles by Kevin Liu

Kevin Liu

School of Risk and Actuarial Studies, UNSW Business School | University of New South Wales, Australia

Elizabeth Ooi

The University of Western Australia - UWA Business School

Date Written: December 1, 2016

Abstract

Australian superannuation funds hold over AUD$2 trillion in assets yet little is known about trustee-director’s compensation. This paper examines the determinants of trustee-director compensation using a unique dataset of 137 superannuation funds. Funds with better reputations, for-profit funds, larger funds, larger boards, unitary boards and professional trustee companies, meeting attendance and higher duties are associated with higher compensation. Female, older and longer serving trustee-directors do not receive higher compensation. Trustee-director expertise is conditionally associated with compensation. Overall, our results highlight key differences in the determinants of trustee-director compensation in superannuation funds compared to that of listed company directors.

Keywords: Superannuation, trustee-director, compensation

JEL Classification: G23, G34

Suggested Citation

Liu, Kevin Yi and Ooi, Elizabeth, What Drives Trustee-Director Compensation in Australian Superannuation Funds? (December 1, 2016). 29th Australasian Finance and Banking Conference 2016. Available at SSRN: https://ssrn.com/abstract=2826289

Kevin Yi Liu (Contact Author)

School of Risk and Actuarial Studies, UNSW Business School | University of New South Wales, Australia ( email )

Sydney, NSW 2052
Australia
+61 2 9385 7119 (Phone)

HOME PAGE: http://www.business.unsw.edu.au/our-people/kevinliu

Elizabeth Ooi

The University of Western Australia - UWA Business School ( email )

Crawley, Western Australia 6009
Australia

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