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ap- point independent directors on the board of an assisted bank that missed six dividend payments to the Treasury … payments exhibits a sharp discontinuity at five. Director appointments by the Treasury led to improved bank performance, lower …
Persistent link: https://www.econbiz.de/10012584933
appoint independent directors on the board of an assisted bank that missed six dividend payments to the Treasury - helped … exhibits a sharp discontinuity at five. Director appointments by the Treasury led to improved bank performance, lower CEO pay …
Persistent link: https://www.econbiz.de/10012643917
In the aftermath of the 2008 financial crisis, the Federal Deposit Insurance Corporation (FDIC) brought numerous lawsuits against directors and officers of failed banks asserting that they had breached their fiduciary duty of care. Under state corporate law, duty of care claims arise in...
Persistent link: https://www.econbiz.de/10012956852
a broad panel of large US bank holding companies over the period 1997–2011, we find that both board size and independent … directors decrease bank performance. Although gender diversity improves bank performance in the pre-Sarbanes–Oxley Act (SOX … other sensitivity checks including alternative proxies for bank performance …
Persistent link: https://www.econbiz.de/10013114373
a broad panel of large US bank holding companies over the period 1997–2011, we find that both board size and independent … directors decrease bank performance. Although gender diversity improves bank performance in the pre-Sarbanes–Oxley Act (SOX … other sensitivity checks including alternative proxies for bank performance …
Persistent link: https://www.econbiz.de/10013112953
banks. We focus on the provisions that are aimed at reshaping bank boards' composition, functioning, and their members …' liabilities, and argue that they are unlikely to improve bank boards' effectiveness or prevent excessive risk-taking. We criticize … diversity requirements will worsen the shortage of bank directors, while requirements for induction and training and board …
Persistent link: https://www.econbiz.de/10013056692
governance committing bank managers to long-term horizons. Rules on managerial remuneration are insufficient for this purpose …
Persistent link: https://www.econbiz.de/10013088374
We study the impact of a law, which required the increase of the proportion of women on boards of listed companies to at least one third. We look at its impact on listed banks, but also test whether it led to spillovers into non-listed banks belonging to listed groups or along other board...
Persistent link: https://www.econbiz.de/10014464360
This paper examines the issue of board diversity and the role of women in the finance industry. Estimation of panel data regressions for a sample of all financial institutions in Canada and the US over the period 2008-2019 identified some qualitative and quantitative factors that allowed the...
Persistent link: https://www.econbiz.de/10012859595
Board governance is an important aspect of internal bank governance. We conduct an empirical study on 100 banks in … China for the period from 2004 to 2017 using a time-varying growth bank shareholder network to investigate the relationship … and mechanism between bank shareholder network and board governance. The bank shareholder network is found to have a …
Persistent link: https://www.econbiz.de/10014504890