Outside Director Compensation in German Public Family Firms

An Empirical Analysis

  • Pascal Engel

Part of the Familienunternehmen und KMU book series (KMU)

Table of contents

About this book


Pascal Engel investigates how outside directors are incentivized in family firms that are publicly listed but still partly owned by members of the founding family. Owning families significantly influence their firms' corporate conduct with their own set of goals, sometimes in conflict with economically driven goals of the capital markets. The author analyzes how family shareholders exert their influence on compensation schemes of outside directors who have the difficult task to protect the interests of family and non-family shareholders. This book provides insights on current approaches of defining a compensation scheme that attracts qualified outside directors but concurrently reflects respective shareholders' preferences.


  • Research on Family Firms
  • Outside Directors' Pay Level
  • Voluntary Disclosure of Outside Directors' Compensation
  • Outside Directors' Pay Mix

 Target Groups

  • Researchers and students in the fields of compensation, corporate governance, and family business research
  • Shareholders, executives, and outside directors of public family firms as well as analysts and compensation consultants

 The Author

Dr. Pascal Engel wrote his dissertation under the supervision of Prof. Dr. Andreas Hack at the Institute for Family Businesses at WHU - Otto Beisheim School of Management, Vallendar.

 About the Editors

The series Familienunternehmen und KMU is edited by Prof. Dr. Andreas Hack, Prof. Dr. Andrea Calabrò, Prof. Dr. Hermann Frank, Prof. Franz W. Kellermanns Ph.D. and Prof. Dr. Thomas Zellweger.


Compensation Family Firms Outside Directors Pay Level Pay Mix Shareholder

Authors and affiliations

  • Pascal Engel
    • 1
  1. 1.The Boston Consulting Group GmbHFrankfurtGermany

Bibliographic information

  • DOI
  • Copyright Information Springer Fachmedien Wiesbaden 2015
  • Publisher Name Springer Gabler, Wiesbaden
  • eBook Packages Business and Economics
  • Print ISBN 978-3-658-07315-2
  • Online ISBN 978-3-658-07316-9
  • Buy this book on publisher's site