Dahya, Jay; McConnell, John J.; Travlos, Nickolaos G. - In: Journal of Finance 57 (2002) 1, pp. 461-483
In 1992, the Cadbury Committee issued the "Code of Best Practice" which recommends that boards of U.K. corporations include at least three outside directors and that the positions of chairman and CEO be held by different individuals. The underlying presumption was that these recommendations...
