Dummy variable that takes the value of 1 if there is a differed stock in board members`compensation program and 0 otherwise (Adams & Mehran, 2012)
 
There is a negative and significant relationship between performance and the natural logarithm of the number of committees, the average number of external directorships held by officers of the BHC as well as by outside
directors, interlocks, the deferred stock dummy and CEO ownership. While (Adams & Mehran, 2012)