根据霍尔&金格里奇(2003)在金融市场上市的组织执行他们的任务通过个体有权利使用组织的人类,金融、信息和物理资源来实现股东财富最大化的目标。Leimsider,(2006)指出,实际上那些占据组织的管理职位代理和代理理论适用于企业实体。相应代理人的代理理论状态应该始终工作在最佳利益的本金和代理的不同动作进行应该指向主要目标的最大化。Letza et al .,(2004)认为,对于代理,而不是为个人利益最大化的主要利益工作,代理本质上违反了他或她的合同,应该承担责任的组织。所罗门(2007)指出,商业管理领域的管理等方面业务的组织称为公司治理。
管理理论家在世界各地进行不同的研究,针对如何减少违反代理/主体关系和确保适当的公司治理,和黄(2008)指出,不同的措施已经测试,但主要意味着已经经受时间考验的提供有竞争力的薪酬管理行政管理组织,没有实践,沉浸在自身利益最大化。根据Pagano & Volpin(2005)提供具竞争力的薪酬可能被视为积极的动力,帮助维持股东的长期利益的竞争性薪酬管理高级官员个人利益和承诺确保他们充分实现企业的长期目标和目标组织,避免行动可能导致违反agent-principal关系。
According to Hall & Gingerich, (2003) organizations that are listed in the financial market carried out their task through individuals who are given the rights to use the organization's human, financial, information and physical resources to accomplish the objective of shareholder's wealth maximization. Leimsider, (2006) has pointed out that essentially those occupying the managerial positions are agent of the organization and the agency theory applies to corporate entity. Accordingly the agency theory state that the agent should always work in the best interest of its principal and the different actions that the agent undertakes should be directed towards the maximization of the principal's objective. Letza et al., (2004) are of the opinion that in case the agent instead of maximization the principal interests work for personal interests, the agent essentially violate his or her contract and should be held liable to the organization. Solomon, (2007) has pointed out that the fields of business management that govern such an aspect of the business organization are termed corporate governance.
Management theorists around the world undertaken different research studies that has been directed towards how to minimize the violation of the agent/principal relationship and to ensure the proper corporate governance, and Wong, (2008) has pointed out that different measures has been tested, but the major mean that has been time tested is providing competitive remuneration to the managerial executive governing the organization so that they are refrained from practices that indulge them in maximizing self-interest. According to Pagano & Volpin, (2005) the provision of competitive pay may be regarded as the positive motivation that helps in sustaining the long-term benefits of the shareholders as the competitive remuneration to the top managerial official ensure that they take full personal interest and commitment to accomplish the long-term goals and objectives of the business organization and refrain from action that may results in the violation of the agent-principal relationship.