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Governance in non-for-profit hospitals: Effects of board members remuneration and expertise on CEO compensation
Health Policy, 08/03/09

Cardinaels E – The findings suggest that supervisory boards are more effective in controlling agency problems (i.e., aligning CEO pay to economic conditions) when their members have more expertise, but at the same time that the monitoring function is hampered when supervisory board members receive a large (excessive) remuneration.

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