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or less corporate tax avoidance than shareholders would otherwise prefer. Consistent with the mixed results reported in …
Persistent link: https://www.econbiz.de/10010699947
In June 2010, Tesla Motors raised over $225 million in an initial public offering that valued the electric car manufacturer at $2 billion. It was the first time a U.S. automobile company went public since Ford Motor in 1956. The evolution of Tesla - first incorporated in 2003 by engineers Martin...
Persistent link: https://www.econbiz.de/10014182089
Given its size, Berkshire Hathaway has had a relatively clean record on governance-related matters. This track record speaks to the quality of its governance system and the ability of its “trust-based” model to work. For these reasons, it came as a shock to many when Warren Buffett announced...
Persistent link: https://www.econbiz.de/10014183057
in accordance with the long-term financial objectives of shareholders. Disclosure in the annual proxy is expected to be …
Persistent link: https://www.econbiz.de/10014044714
We examine whether board and ownership structure variables explain the level of chief executive officer (CEO) compensation. After controlling for standard economic determinants (i.e., the firm's demand for a high-quality CEO, firm performance, and risk), we find that board and ownership...
Persistent link: https://www.econbiz.de/10014222388
All companies face challenges designing a governance system that works best for their particular situation and structure. Even the owners of privately held companies sometimes struggle with issues of separation and control. The challenges can be particularly acute when a company founder has...
Persistent link: https://www.econbiz.de/10014157454
Proxy advisory firms are independent, for-profit consulting companies that provide voting recommendations to individual and institutional investors. Research shows that these firms have significant influence on voting outcomes. Given this influence, it is important that investors ensure that the...
Persistent link: https://www.econbiz.de/10014160617
Shareholders of public companies are not responsible for designing executive compensation packages. Still, a … plan, and annually as part of the Dodd Frank requirement shareholders have an advisory “say on pay.” In deciding how to … vote, shareholders rely on information provided in the annual proxy. Recently, shareholder groups have sued companies for …
Persistent link: https://www.econbiz.de/10014163421
There has been a broad push in recent years to increase diversity at the board and CEO levels of public corporations. Despite this effort, diversity on boards and in senior leadership positions has not reached the levels to which advocates aspire. We provide new insight into this topic by...
Persistent link: https://www.econbiz.de/10014098729
Corporate governance experts pay considerable attention to the composition of the full board of directors. And yet, much of the substantive work of the board is carried out by committee.While the nominating and governance committee, in consultation with the chairman or lead independent director,...
Persistent link: https://www.econbiz.de/10013031578