GSTF Journal on Business Review (GBR)

, 3:3

First online:

Open Access This content is freely available online to anyone, anywhere at any time.

Board of Directors and Remuneration in Indonesian Banking

  • Hikmah EndraswatiAffiliated withFaculty of Economics, Sebelas Maret UniversityFaculty of Economics, Management Department, Gadjah Mada University
  • , Djoko SuhardjantoAffiliated withFaculty of Economics, Accounting Department, Sebelas Maret UniversityCurtin University of Technology
  • , KrismiajiAffiliated withEconomics Faculty, Gadjah Mada UniversityBusiness and Economics Department, University of KentuckyEconomics and Business Department, Sebelas Maret UniversityYKPN School of Business YogyakartaIslamic UniversityEconomics and Business Department, Sebelas Maret University


This research examines the effect of commissioner and remuneration committee characteristics on the remuneration in the banking sector of Indonesia. Using a sample of 18 banks for the fiscal year that ends on December 31 2006 through 2012, this study finds evidence of negative impact of gender and number of meeting on the remuneration. With respect of size as a control variable, this study proves a positive impact on the remuneration.


Remuneration Remuneration committee characteristics Commissioner characteristics Indonesia banking