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The lack of diversity across gender and race of corporate boards has been one of the most significant issues in …, we analyze voting patterns in director elections to investigate whether and how shareholders value board diversity. Using … support for diversity on boards, particularly gender diversity. Our findings also indicate greater additional support for …
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There is considerable interest in increasing the representation of women on the boards of publicly traded corporations. Currently, only 17 percent of independent directors in the United States are women. In this Closer Look, we examine the pathways that women took to become the first female...
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Firms with central boards of directors earn superior risk-adjusted stock returns. A long (short) position in the most (least) central firms earns average annual returns of 4.68%. Firms with central boards also experience higher future return-on-assets growth and more positive analyst forecast...
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Shareholders pay considerable attention to the choice of executive selected as the new CEO whenever a change in leadership takes place. However, without an inside look at the leading candidates to assume the CEO role, it is difficult for shareholders to tell whether the board has made the...
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boardroom culture, and how does it influence decision making?The Closer Look series is a collection of short case studies …
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external candidate, but a current board member as successor. Why would a company make such a decision? In this Closer Look, we … current director as CEO? • What is the process by which the board makes this decision? • Are directors-turned-CEO the most …
Persistent link: https://www.econbiz.de/10011870297
CEO succession at many companies occurs in a black box. Shareholders are not privy to boardroom discussions prior to the announcement of a CEO departure, and press releases announcing the change contain boilerplate language that does not make it clear whether the CEO stepped down voluntary or...
Persistent link: https://www.econbiz.de/10011870450