Abstract
This paper looks at corporate governance in terms of board characteristics such as board size and proportion of independent or non executive directors and performance of the firm in determining the chief executive officer's (CEO) compensation. We have taken central state owned enterprises (SOEs) for our study for the year 2015. The SOEs include both listed and non listed firms. We have employed Partial Least Square (PLS) based on Structural Equation Modeling (SEM) technique to draw results.
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