(VF)Cette étude s’intéresse aux déterminants de la rémunération des administrateurs externes des sociétés du SBF 120. Nos résultats mettent en évidence l’incidence de la structure de propriété de l’entreprise sur cette rémunération. La rémunération est en effet d’autant...

In the theoretical framework of corporate governance this article studies the efficiency of the control exerted by the ownership structure and the board of directors on managers. The confrontation of en-trenchment theory and agency theory allows to determine the necessary conditions of the...

Audit committees are viewed as a relevant mechanism allowing to improve the corporate governance in the French context. Several factors encourage the formation of audit committees:management misbehavior, the weakness of the performances of certain companies, the inter-nationalization of the...

(VF)Une bonne gouvernance d’entreprise s’articule autour des principes de transparence, d’imputabilité, d’équité et de croissance saine de l’entreprise. Cette étude examine l’évolution des caractéristiques du conseil d’administration des sociétés d’État canadiennes de...

The current economic crisis of Japan may be attributed largely to the dysfunction of the corporate goverance system. The post-war break-up of Zaibatsu family trusts resulted in management control. The President has shielded himself from the discipline of the capital market through...

This study aims to analyze the role of debt like control's variable of the manager's behaviour by shareholders for the firms generating free cash flows. The debt is supposed to be used by shareholders in order to appropriate value. The tests are realized in order to appreciate if shareholders...

We examine the elements that influence the choice of the board leadership structure:CEO duality or an independent board leadership structure. Two characteristics related to corporate governance are considered:corporate performance and ownership structure. Two other factors are introduced into...

(VF)Les travaux sur le conseil d’administration étudient souvent ses rôles – usuellement le contrôle ou l’apport de ressources – en relation avec sa composition. Ainsi, le CA serait majoritairement composé d’administrateurs externes indépendants dans le cas du contrôle et...

(VF)Le groupe André a fait l’objet d’un mouvement de contestation, initié au début de l’ann ée 2000 par deux actionnaires anglo-saxons pour obtenir des postes d’administrateurs. Cette opération, inédite en France, a permis aux contestataires d’obtenir un nombre suffisant de...

This paper aims to explain the Italian system peculiarities which cast some doubts on convergence of national corporate governance systems. Italian non-financial companies listed on the Stock Exchange play a relatively small role. Most Italian companies are organised as formal or informal...