董事长特征、薪酬水平与内部控制

Chairperson of the Board of Directors: Personality,Compensation and Internal Control

内部控制是近期国内外政府监管部门、会计实务界和学术界共同关注的焦点议题之一。通过运用中国上市公司内部控制指数衡量内控质量,可从董事长年龄、教育背景、任职时间和薪酬水平等维度出发,检验上市公司董事长个人特征和薪酬水平对于内控质量的影响。研究结果表明,随着董事长年龄的增长、受教育程度的提高、任职时间的增加和薪酬水平的提升,内控质量显著提高,这说明董事长在内部控制构建中起到了关键作用。这个结论对于完善董事长作为内部控制第一责任人的制度安排和改进公司治理具有重要启示意义。

Recently internal control has become a hot topic attracting attention from governmental supervisory depart- ments both at home and abroad as well as from practitioners in accounting and scholars on business administration. This study uses Chinese A-share listed companies＇ internal control index to measure internal control. It is argued that we can ex- amine the influence of the personalities and compensations of chairpersons of the boards of directors on the quality of inter- nal control by looking into their ages, educational backgrounds, tenure and compensation. Our results show that as the chairperson＇s age ,education ,tenure and compensation increase, the quality of internal control enhances significantly. This finding shows that chairpersons play a key role in the construction of internal control. This conclusion has significant impli- cations not only for the improvement of the institutional arrangements in which the chairperson is the first person responsible for the quality of internal control, but also for the improvement of corporate governance.