Dummy variable that takes the value of 1 if there is a differed compensation in board members`payments and 0 otherwise (Adams & Mehran, 2012)
 
Some studies have found a positive relation between CEO shareholdings and both Tobin’s Q and ROA (e.g. Mehran, 1995). Others have argued that director compensation should also affect performance (e.g. Brick et al., 2006).