摘要：This study investigates the role of various factors to determine CEO compensation in family-owned listed companies in Karachi Stock Exchange. Using the pooled data with 66 registered companies from 2010 to 2012, OLS method has been used to determine CEO compensation. It is found that the firm size is a significant contributing factor, which effect CEO compensation. In addition if the CEO belongs to the family, then his compensation is less because his compensation is made in terms of job security as well as status. Moreover, if the CEO holds more than one chair, his compensation decreases. This may owe to the fact that dual power may affect its efficiency and reduce performance of company adversely affect CEO compensation. Finally, the number of directors on the board increased, the compensation of the CEO also escalated. Escalating board size indicate that more capable and eligible people, well equipped with skills and resources become part of organization which strongly effect performance, market position and goodwill of company and intensifying CEO pay scale
