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When a client proudly announces that he has been named director of a prominent local corporation or financial institution, a red warning light ought to go on. Heartily congratulate the client on this distinction, then ask, "Are you aware of the responsibilities and liabilities of a director?" If...
Persistent link: https://www.econbiz.de/10013047166
Corporate boards of directors mediate the agency costs between the corporation's managers and shareholders. For boards … independent director. Indeed, it is important that boards have independent directors to deal with clear conflicts between managers …, the board's general business skills and experience are insufficient to discern whether the managers' course of action is …
Persistent link: https://www.econbiz.de/10012898495
This paper is the third chapter of the third edition of The Anatomy of Corporate Law: A Comparative and Functional Approach, by Reinier Kraakman, John Armour, Paul Davies, Luca Enriques, Henry Hansmann, Gerard Hertig, Klaus Hopt, Hideki Kanda Mariana Pargendler, Georg Ringe, and Edward Rock...
Persistent link: https://www.econbiz.de/10011674062
Is there a correlation between the composition of the board of directors and the quantity and quality of information disclosed to the market, and in particular with respect to the disclosure of privileged, price-sensitive information? Our work examines this question with respect to the Italian...
Persistent link: https://www.econbiz.de/10014110769
Since its inception, corporate law has separated ownership and control. Shareholders nominally own the corporation, but they are entitled to exercise almost nonce of the control rights normally associated with ownership or property. Instead, control of the corporation is vested by statute in the...
Persistent link: https://www.econbiz.de/10013143039
for monitoring managers in Saudi Arabia through a survey. A questionnaire that was developed and employed by Elyas (2015 …
Persistent link: https://www.econbiz.de/10013405907
In recent years, Japan has been working on corporate governance reforms, focusing on the roles of outside/independent directors. Among others, the 2014 Reform of the Companies Act and the 2015 Japanese Corporate Governance Code introduced “comply or explain” rules regarding appointment of...
Persistent link: https://www.econbiz.de/10012908972
Concept of corporate board was incepted in Indian soil by the Englishmen. Present days Indian corporate board has found much of it's antecedents from of Anglo-Indian company act. The initial days of company act in India witnessed replicating effect of English company act. These years witnessed...
Persistent link: https://www.econbiz.de/10013017138
Corporate and securities law tools are increasingly being used to address climate change. Disclosure of climate-related business risks and shareholder proposals and engagement have grown in the United States and globally, as have broader efforts to use these tools to address environmental and...
Persistent link: https://www.econbiz.de/10012837819