Faleye, Olubunmi; Hoitash, Rani; Hoitash, Udi - In: Journal of Financial Economics 101 (2011) 1, pp. 160-181
We study the effects of the intensity of board monitoring on directors' effectiveness in performing their monitoring and advising duties. We find that monitoring quality improves when a majority of independent directors serve on at least two of the three principal monitoring committees. These...