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structure of CEO pay, and the advancement of shareholder and stakeholder welfare. We ask:• What practices make a board effective …’s shareholder base influence the decisions the board and management make?• What role should stakeholder needs play in corporate …
Persistent link: https://www.econbiz.de/10014359430
Institutional investors pay considerable attention to the quality of a company's governance. Unfortunately, it is difficult for outside observers to reliably gauge governance quality. Oftentimes, poor governance manifests itself only after decisions have been made and their outcomes known. We...
Persistent link: https://www.econbiz.de/10011864693
Recent years have seen a reemergence of the practice of awarding “mega grants” to CEOs. Mega grants are large, one-time equity awards granted in lieu of or in addition to annual awards with the intended purpose of providing significant incentive to the CEO to achieve long-term targets. The...
Persistent link: https://www.econbiz.de/10014362013
The board of director has a responsibility to investigate credible allegations that management has engaged in activity that is not in the interest of the company or its shareholders. In the case of illegal activity, the appropriate response is likely to be very clear. Less obvious are the...
Persistent link: https://www.econbiz.de/10011864730
Currently, there is much debate about the role that non-investor stakeholder interests play in the governance of public … companies. Critics argue that greater attention should be paid to the interest of stakeholders and that by investing in … more equitably shared among investors and society. However, advocacy for a more stakeholder-centric governance model is …
Persistent link: https://www.econbiz.de/10012244406
CEO activism — the practice of CEOs taking public positions on environmental, social, and political issues not directly related to their business — has become a hotly debated topic in corporate governance. To better understand the implications of CEO activism, we examine its prevalence, the...
Persistent link: https://www.econbiz.de/10012001263
: short-termism by corporate managers or a deeper problem of corporations profiting at the expense of stakeholders?• Does ESG …
Persistent link: https://www.econbiz.de/10014361586
The lack of diversity across gender and race of corporate boards has been one of the most significant issues in corporate board governance in recent years. Given the critical role that shareholders have in approving director appointments, we analyze voting patterns in director elections to...
Persistent link: https://www.econbiz.de/10012504210
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