Saudi Cultural Missions Theses & Dissertations
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Item Restricted Corporate Governance and the Remuneration Committee: Perception and Practice in Saudi Arabian Listed Companies(Saudi Digital Library, 2025) Alshlhoub, Mshare Abdulaziz; Vicky, Lambert; Bruce, BurtonThis study explores the practices of remuneration committees in Saudi Arabian listed companies. It aims to examine how these practices are shaped by formal governance reforms and informal institutional factors within the Saudi context. Although remuneration committees have become a key part of corporate governance globally, there is limited research on how they operate in developing countries, especially in Saudi Arabia. This study addresses this gap by examining how institutional pressures influence the formation and practices of remuneration committees in Saudi listed companies, with particular attention to the impact of recent corporate governance reforms and how these practices contribute to the goals of Saudi Vision 2030. The research adopts a sequential explanatory mixed-methods design. A questionnaire survey was first distributed to 142 participants from five key stakeholder groups: remuneration committee members, board members, company executives, regulators, and academic experts. This was followed by 27 semi-structured interviews to gain deeper insight into remuneration committee practices and challenges. The study is guided by new institutional theory, using the three types of institutional isomorphism -coercive, mimetic, and normative- as a framework. The findings show that coercive pressures, such as those from the Capital Market Authority, play the most dominant role in shaping remuneration committee practices. Mimetic pressures, such as copying policies from other companies, appear in response to uncertainty. Normative pressures, such as social ties and local customs, also affect committee independence and member selection. While some improvements were observed, several challenges remain, including limited transparency, unclear links between pay and performance, and a need for more independent and qualified committee members. Informal factors such as concentrated ownership and personal relationships also continue to influence how remuneration committees function. The study highlights the importance of understanding the local institutional environment when applying corporate governance reforms. Although some changes have been introduced, the findings suggest that existing corporate governance regulations alone are not enough to ensure effective remuneration committee practices. More targeted reforms and stronger enforcement of these regulations are required to improve transparency, enhance remuneration committee effectiveness, and support the broader aims of Vision 2030.14 0Item Restricted Corporate Governance and the Remuneration Committee: Perception and Practice in Saudi Arabian Listed Companies(Saudi Digital Library, 2026) Alshlhoub, Mshare Abdulaziz; Vicky, Lambert; Bruce, BurtonThis study explores the practices of remuneration committees in Saudi Arabian listed companies. It aims to examine how these practices are shaped by formal governance reforms and informal institutional factors within the Saudi context. Although remuneration committees have become a key part of corporate governance globally, there is limited research on how they operate in developing countries, especially in Saudi Arabia. This study addresses this gap by examining how institutional pressures influence the formation and practices of remuneration committees in Saudi listed companies, with particular attention to the impact of recent corporate governance reforms and how these practices contribute to the goals of Saudi Vision 2030. The research adopts a sequential explanatory mixed-methods design. A questionnaire survey was first distributed to 142 participants from five key stakeholder groups: remuneration committee members, board members, company executives, regulators, and academic experts. This was followed by 27 semi-structured interviews to gain deeper insight into remuneration committee practices and challenges. The study is guided by new institutional theory, using the three types of institutional isomorphism -coercive, mimetic, and normative- as a framework. The findings show that coercive pressures, such as those from the Capital Market Authority, play the most dominant role in shaping remuneration committee practices. Mimetic pressures, such as copying policies from other companies, appear in response to uncertainty. Normative pressures, such as social ties and local customs, also affect committee independence and member selection. While some improvements were observed, several challenges remain, including limited transparency, unclear links between pay and performance, and a need for more independent and qualified committee members. Informal factors such as concentrated ownership and personal relationships also continue to influence how remuneration committees function. The study highlights the importance of understanding the local institutional environment when applying corporate governance reforms. Although some changes have been introduced, the findings suggest that existing corporate governance regulations alone are not enough to ensure effective remuneration committee practices. More targeted reforms and stronger enforcement of these regulations are required to improve transparency, enhance remuneration committee effectiveness, and support the broader aims of Vision 2030.30 0