It is accepted as true that a bBoard of dDirectors consists of the largest number of members,. itA iboard has to have more than eight or eight, as they does not work effectively with less and it can lead to the dominance by the CEOs.
Moreover, a smaller size of board members dominated by an independencet director forhelps in improving to control the over the officers. On the other hand, it ishad been found that CEOsthe compensation of CEOs and their remuneration is higher if a firm reduceds the size of directors (Nesrine & Younès, 2013).
.According to (Ozgur & Arun, (2012), as the board size gets bigger, the CEO compensation declines for many reasons, such as disagreements among board members and personal relationships of older members with the CEO. Larger boards do not agree on agendas andto make the best decisions in the interests of the firm. The contrary results of past research papers showed the mixed results on board size and CEO compensation. Consequently, state first the hypothesis as follows...