This paper surveys models of cumulative voting in corporate elections that have appeared in the literature. The influence of cumulative voting on company performance and proxy contests is analyzed. The practical issues as well as theoretical aspects of cumulative voting are studied. The...

The purpose of this paper is to investigate whether increasing gender diversity on the board of directors improves firm perfomance, using a data-set of 20,487 limited companies in Sweden during 1997-2005. We use a random-effects random-coefficients model to account for unobserved firm...

Now-a-days, an AC is being looked upon as a distinct culture for CG and has received a wide-publicity across the globe. Government authorities, regulators and international bodies all have indicated that they view an AC as a potentially powerful tool that can enhance the reliability and...

Contemporary governance reform proposals focus on strengthening board monitoring but recent theoretical models find that a passive board is often optimal. We examine board structure choice in France where for 45 years firms have been free to choose between a unitary board and a dual board...

Many governance reform proposals focus on strengthening board monitoring. In contrast, Adams and Ferreira (2007) and Harris and Raviv (2008) conclude that a passive board is often optimal. We examine determinants of board structure choice in France, where firms are free to choose between a...

This paper investigates the effects on acquisitions of creditor-director presence on corporate boards. Using a hand-collected dataset for boards of large U.S. corporations, we find that companies with creditor-directors are more likely to engage in acquisitions with attributes that are...

Purpose –This paper aims to investigate the joint effect of board characteristics on financial performance. Most of the existing literature implicitly assumes that the relationship between either board composition, or board leadership structure and financial performance is direct....

In this study, we examine whether the presence of a founder influences the relationship between the board of directors’ characteristics and company performance in a sample of European, publicly traded, family firms. Our findings contradict the widespread belief that smaller and more...

The aim of this study is to find out the effects of board composition on financial performance of firms listed at the NSE. 46 firms participated in the study which adopted a survey research design and a census. The study deduced that independent board members as a component of board composition...

We contrast the features of the German corporate governance system with those of other systems and discuss the recent regulatory initiatives.For example, the rules on insider trading and anti-trust have been strengthened.The Restructuring Act has been revised to prevent minority shareholders...