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The level of shareholders' expertise and experience needs to be questioned as they wield greater clout and become more … deeply involved in strategic issues that should be the board's purview. This misdirected involvement distracts shareholders … from their principal and most important role: electing and overseeing boards. To play that role, shareholders must have the …
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3) bridging the expertise chasm between Managers and Directors. Those are all long-standing issues, what makes Beatty …
Persistent link: https://www.econbiz.de/10012556222
the shareholders in the US who have comparatively weaker rights than shareholders in some other countries, thereby making … it difficult for shareholders to hold boards to account without prohibitive cost and effort. The message is that law and …
Persistent link: https://www.econbiz.de/10012556281
"The authors examine the legal and business environments, financing channels, and governance mechanisms of various types of firms in India and compare them to those from other countries. Despite its English commonlaw origin, strong legal protection provided by the law, and a democratic...
Persistent link: https://www.econbiz.de/10010522087
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"The authors jointly analyze the static, selection, and dynamic effects of domestic, foreign, and state ownership on bank performance. They argue that it is important to include indicators of all the relevant governance effects in the same model. "Nonrobustness" checks (which purposely exclude...
Persistent link: https://www.econbiz.de/10010522568
shareholders are more likely to adopt these provisions. The authors do not find any significant relationship between the use of … provisions is influenced by large, minority shareholders in their battle for representation in the board, and in managerial …
Persistent link: https://www.econbiz.de/10010522600
"Control of corporate assets by wealthy families in economies lacking institutional integrity is common. It has negative implications on corporate governance and adverse macroeconomic effects when it extends across a sufficiently large part of the country's corporate sector. Morck and Yeung...
Persistent link: https://www.econbiz.de/10010522928