Notice of RetractionAn empirical investigation on the determinants of independent directors´ compensation: New evidence from Chinese listed company

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

This paper empirically examines the determinants of independent directors´ compensation for a sample of listed companies in Shanghai & Shenzhen stock markets, we find that independent directors´compensation is positively related to their working hours, educational background, past compensation and top executive´s compensation, negatively related to the scale of board, percentage of independent directors. Moreover, the more independent directors from the bank the higher their compensation. But there is no evidence showing that the compensation is related to independent directors´age, risks taken, percentage of biggest shareholder´s shareholding, percentage of the second largest shareholder´s shareholding, number of independent directors, executive directors´compensation. In Chinese institutional environment, independent directors´multiple directorship and institutional investors do not have significant effect on independent directors´ compensation.