Recently, many empirical studies have shed light on the determinants of boards of directors. Our aim in this paper goes far from the corporate setting. We explain how nonprofits boards are structured. As opposed to corporations? goals, the objectives of nonprofits are non-lucrative. They can not...

La ausencia de derechos residuales en las entidades no lucrativas (non profit) singulariza el problema de gobierno tradicionalmente estudiado. En este contexto, el objetivo de este trabajo es verificar la existencia y relevancia de los mecanismos de control para evitar la expropiaci¢n de...

We identify the factors influencing the board composition of an international sample of commercial banks over the period 1996?2006. After considering the dual role of the board as monitor and advisor, our analysis shows that no one board composition is optimal for the banking industry and that...