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Minority Shareholders' Enforcement of Corporate Governance in Takeovers : An English Law Perspective on the Belgian Fortis Bank Case

Lee, Joseph - 2016

The Fortis Bank takeover court case demonstrates how shareholders' claims can make a merger and takeover case less … speedy and, indeed, more costly. The case also raises a number of legal issues relating to corporate governance in a takeover …-market efficiency and social-legal justice in intervening in a financial takeover. The case reveals the divergent views taken by the two …

Persistent link: https://www.econbiz.de/10012998313

The Duty of Care of Bank Directors and Officers

Hill, Julie Andersen - 2017

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

Corporate Governance of Banks : Is More Board Independence the Solution?

Dorenbos, Edyta M. - 2013

In the context of corporate governance reforms following the global financial crisis, policymakers have focused on how to reduce the bank manager' incentives to take risks in order to promote financial stability. On both sides of the Atlantic, legislation seeks to pursue this goal by enhancing...

Persistent link: https://www.econbiz.de/10013082455

Chapter 6. Boards, and the Directors Who Sit on Them

Adams, Renée B. - 2017

Boards of directors are intellectually interesting; the literature on boards has academic impact and there is substantial scope for this literature to have policy impact. I illustrate these points by combining a select review of the literature with evidence from a variety of data sets. Boards...

Persistent link: https://www.econbiz.de/10014023369

The Requirement for a Director of Corporate Defense in UK Banking Institutions

Lyons, Sean - 2009

The banking crisis has cruelly exposed how UK banks failed to adequately defend the interests of their multiple stakeholders and has resulted in the reputation of the banking sector being severely tarnished. This proposal specifically addresses measures to help to improve corporate governance in...

Persistent link: https://www.econbiz.de/10013156336

Board meetings and bank performance in Africa

Kyei, Simms Mensah; Werner, Katarzyna; Appiah, Kingsley … - In: Cogent business & management 9 (2022) 1, pp. 1-16

This study examines the relationship between a board meeting and banks performance in Africa. This paper provides insight on this question after taking into account the endogeneity of the relationship between board meetings and performance. Specifically, we use the GMM technique and a sample of...

Persistent link: https://www.econbiz.de/10014420544

Wealth Effect of Mergers & Acquisitions in an Emerging Market : A Case Study of Pakistan’s Banking Sector

Tauseef, Sana - 2010

This study investigates the short term market response associated with the announcement of seven mergers and acquisitions (M&As) in the banking sector of Pakistan during the period 2003 to 2008 using the event study methodology. We categorize the sample M&A deals as (1) Acquisition of Pakistani...

Persistent link: https://www.econbiz.de/10013139589

Abnormal Returns of Japanese Acquisition Bidders - Impact of Pro-M&A Legislation in the 1990s

Higgins, Huong N. - 2009

This paper examines the market's reaction to news of corporate mergers and acquisitions (M&A) by Japanese bidders during the 1990s. Domestic versus global bids and pro-M&A legislation are considered as determinants of bidders' abnormal returns. The results show that bidders for domestic targets...

Persistent link: https://www.econbiz.de/10013156625

Regulatory Arbitrage and Cross-Border Bank Acquisitions

Karolyi, George Andrew - 2014

We study how differences in bank regulation influence cross-border bank acquisition flows and the share price reactions to cross-border deal announcements. Using a sample of 7,297 domestic and 916 majority cross-border deals announced between 1995 and 2012, we find evidence of a form of...

Persistent link: https://www.econbiz.de/10013070171

Berkshire versus KKR : Intermediary influence and competition

Cunningham, Lawrwence A. - 2015

Kathryn Judge of Columbia University documents how financial intermediaries persistently impose high fees compared to the value rendered, attributes this to political influence, and suggests countervailing policy strategies, including stoking competition and enhancing disclosure to reduce...

Persistent link: https://www.econbiz.de/10011492987