I know something you don't know!: The role of linking pin directors in monitoring and incentive alignment
研究发现，同时任职于审计和薪酬委员会的连接董事能促进知识转移，降低高管薪酬并影响薪酬结构，其存在与否影响监督有效性。
Increasing regulatory pressures have created specialization within boards, with more requirements and responsibilities being refocused to the committee level. Using data from S&P 1,500 firms, we find that board committee overlap associated with linking pin directors (i.e., those serving simultaneously on the audit and compensation committees) is an important conduit for knowledge transfer between boards' monitoring and incentive alignment functions. These directors are associated with lower executive compensation and influence pay mix. In studying the dynamics behind this process, we find that newly created linking pins improve monitoring effectiveness whereas recently dissolved linking pins decrease it. We also find that linking pins are all the more important when managers make less conservative accounting choices . Copyright © 2014 John Wiley & Sons, Ltd.