The benefits and costs of directors holding multiple board seats continue to be debated in the literature. We contribute to the debate by examining whether holding multiple outside board seats compromises directors' ability to effectively perform their monitoring duties. Analyzing over 40,000...

Our paper examines whether holding multiple outside board seats compromises a director's ability to effectively perform monitoring duties. Analyzing over 1400 firms, we report that individuals who hold more outside directorships serve on fewer board committees. The relation, however, appears...

There is an inherent conflict of interest between managers and shareholders when all or part of a public corporation is taken private and managers become major shareholders in the newly privatized firm. The role of outside directors who are independent of management is investigated to determine...