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Boards, Auditors, Attorneys and Compliance with Mandatory SEC Disclosure Rules

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CEO Turnover and Retention Light: Retaining Former CEOs on the Board

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<heading id="h1" level="1" implicit="yes" format="display">ABSTRACT</heading>Prior CEO turnover literature characterizes the board's decision as a choice between retaining versus replacing the CEO. We focus instead on the CEO's decision rights and introduce a third option in which the incumbent CEO is removed but retained on the board for an extended period,...

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