This study explores the impact of the compensation committee on pay-performance sensitivity of executives. In addition, this research explores the above effects by classify the compensation of executives into two definitions: total compensation and dividend rewards only (including cash dividends and stock dividends). As for total compensation, I found that when the chairman serves in the compensation committee, it decreases pay-performance sensitivity of the executives. Meanwhile, when the chairman also plays the CEO role, it has negative effect on pay-performance sensitivity of the executives. In other words, these findings reflect when the chairman participates in the compensation committee, the self-benefit behavior is easily occurred. And this leads to the decrease pay-performance sensitivity of the executives. Finally for the dividend reward, I find out that the larger the ratio of independent director in the compensation committee, the higher pay-performance sensitivity of executives is.