This study analyzes the relation between board network and financial stability of banks in India. We find that a larger board network is related to improvements in financial stability given by asset quality, insolvency risk, and volatility of profits. Further, the board network is more critical...

In 2002, Wendy Lane had been a member of the board of directors at Tyco International a little more than a year when the company's CEO Dennis Kozlowski and other top executives were accused of fraud, which ultimately led to resignations, imprisonments, lawsuits, and SEC filings. In a short...