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 …

in the firms' management as officers and directors. …

-American style of corporate governance'. This paper seeks to contrast the effect of corporate governance on the directors' incentive …, by comparing the UK and Japan. There is a positive and significant relationship between directors' pay and employees …' average wage in Japan, suggesting that both directors and employees have a similar incentive system while no such relationship …

variables while the percentage of directors controlled by the largest shareholder (which measures negative entrenchment effect …