subject, pay arrangements are set by a board of directors that aims to maximize shareholder value. In contrast, the managerial … constraints that act on these processes, leave managers with considerable power to shape their own pay arrangements. Examining the …

instrument for addressing the agency problem between managers and shareholders but also as part of the agency problem itself … managers. As a result, managers wield substantial influence over their own pay arrangements, and they have an interest in … reducing the saliency of the amount of their pay and the extent to which that pay is de-coupled from managers’ performance. We …

improve financial reporting frameworks. This study examines and then compares the attitudes of Australian directors and … external auditors to proposed legislative changes impacting upon annual reporting requirements. Directors appear opposed to …. Directors and auditors were unequivocal in their opposition to any proposals which could impact on audit appointment. This has …

This paper shows that proxy contests have a significant adverse effect on careers of incumbent directors. Following a … proxy contest, directors experience a significant decline in the number of directorships not only in the targeted company …–2010. To isolate the effect of the proxy contest, our empirical strategy uses within-firm variation in directors׳ exposure to …

Boards of directors are thought to provide access to a wealth of knowledge and resources for the companies they serve … of interlocking directorships (Mizruchi, 1996; Scott 1991a) by examining the links between directors’ opportunity … directors’ formal company ties and their social ties determine a director’s opportunity network through which they are able to …

such rationales promise more, and in some cases significantly more, than directors of color can realistically deliver. The …