Research Findings: Using data on CEO compensation in China’s public traded firms from 2000 to 2010, we document
significant changes in CEO pay, ownership and board structure. We document that CEO pay is positively correlated to
both accounting and stock market performance, although the link to accounting performance is more robust. We find that
CEO pay dynamics are important as pay in the current year is significantly positively correlated to CEO pay the previous
year. We also find that CEO equity ownership and equity grants are influenced by board and ownership structure.