Research On The Relationship Between Corporate Performance And Executive Compensation Of Energy Industry Listed Companies

China's sustainable development faces many pressures such as the environment and resources,and the energy transition is imminent.Energy transformation provides important opportunities for China's future development.The world's energy structure has undergone two revolutions,from coal to firewood,to coal,and is undergoing a transition from fossil energy to renewable energy.This has important practical significance for the energy industry.In addition,the separation of the two powers is the basic feature of the modern company system.The separation of control rights and ownership also brings many problems to the executive compensation.Therefore,the executive compensation of listed companies has always been a matter of concern to both theoretical and practical circles.How to improve the long-term incentive mechanism for senior executives,improve company performance,improve the company's independent director system,and strengthen supervision and management.The research of this article is based on the research of domestic and foreign related literature data,taking the listed companies in China's energy industry as the target,and analyzing the executive compensation and corporate performance of the energy industry based on the theoretical basis of entrusted agency,incentive health care,equity incentive and independent director agency cost.The status quo of corporate governance and the trend of new energy transformation,put forward the hypothesis definition variables,use correlation analysis and linear regression analysis method to study the relationship between the executive compensation of listed companies in the energy industry in China and company performance and corporate governance.How to improve the long-term incentive mechanism for executive compensation of listed companies in the energy industry in China.How to improve the performance of the company and how the government will formulate relevant policies in the future provide a basis for reference.The empirical conclusions are as follows:(1)The executive compensation of listed companies in China's energy industry is positively related to company performance;(2)The ratio of senior management of listed companies in China's energy industry is proportional to the company's performance;(3)China's energy industry listed companies There is a positive relationship between executive compensation and the size of the board of directors;(4)There is a negative correlation between the executive compensation of listed companies in China's energy industry and the proportion of independent directors;(5)There is a negative correlation between executive compensation and the proportion of state-owned shares.Finally,based on the empirical research conclusions,some relevant suggestions are put forward.On the one hand,compensation structure should be optimized,the salary level of senior executives in the energy industry should be raised,the senior management holding system should be improved,and the shareholding ratio of senior executives should be increased.On the other hand,we will increase the proportion of independent directors in the energy industry companies,establish and improve executive compensation incentives and supervision mechanisms,and improve the information disclosure system.