We examine professional directors — board members with no employment outside of serving as independent directors. We find that boards with a higher percentage of professional directors engage in more acquisitions, experience lower acquisition-announcement returns, and exhibit lower...

In this case study we address the issue of CEO succession drawing directly on the experience of the board of directors of Air New Zealand. Despite extensive literature on CEO-board relations, there has been a scarce number of studies on managing the processes of CEO succession and appointment...

One of the most important questions in corporate governance is how directors of public corporations can be motivated to serve the interests of the firm. Directors frequently hold only small stakes in the companies they manage. Moreover, a variety of legal rules and contractual arrangements...

"Es wächst zusammen, was zusammen gehört", kommentierte Willy Brandt 1989 den Mauerfall. 30 Jahre nach dem Mauerfall ist schon vieles zusammengewachsen, aber trotz vieler positiver Erfolge gilt Ostdeutschland weiterhin als strukturschwach, mit niedrigeren Löhnen und geringerer...