Adams, Ren馥 B.; Ferreira, Daniel - Center for Economic Institutions, Institute of Economic … - 2005
Many corporations reward their outside directors with a modest fee for each board meeting they attend. Using two non …-overlapping data sets on director attendance behavior, we provide robust evidence that directors are less likely to have attendance …,200, represent an arguably small fraction of the total wealth of a representative director in our samples. Thus, corporate directors …