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How do you build the best board for your organization? What attributes and skills are required by law and what mix of experiences and talents will give you the best corporate governance? What are the commonly required director attributes that are a must for each board and how do you customize...
Persistent link: https://www.econbiz.de/10013081519
How do you build the best board for your organization? What attributes and skills are required by law and what mix of experiences and talents will give you the best corporate governance? What are the commonly required director attributes that are a must for each board and how do you customize...
Persistent link: https://www.econbiz.de/10013111309
increases the likelihood of forced CEO turnover and the sensitivity of forced CEO turnover to firm performance. Such effects are …
Persistent link: https://www.econbiz.de/10012851176
The world of mergers and acquisitions are often fraught with change, loss of identity and uncertainty for the workers who remain. The consolidation of work-groups can result in new roles, unfamiliar faces, new social structure and the introduction of foreign processes. The need to quickly...
Persistent link: https://www.econbiz.de/10014175232
Valve is a “flat” company without a management hierarchy or traditional boss roles: instead of top-down organization and management, Valve employees are free to work on whatever projects they choose and to convince other employees to join collaborative groups. Decision-making is thus...
Persistent link: https://www.econbiz.de/10013219492
How can office-seeking politicians or managers be aligned with social welfare or firm welfare, given that such agents … preferences in situations with high participation costs? In the for-profit firm, the primary elite-majority bargain to reduce … agency costs involves the creation of an electorate of shareholders who as residual claimants are better aligned with firm …
Persistent link: https://www.econbiz.de/10014047248
This paper asks whether adversity spurs the introduction of process innovations and increases the use of managerial incentives by firms. Using a large panel data set of workplaces in Canada, our identification strategy relies on exogenous variation in adversity arising from increased border...
Persistent link: https://www.econbiz.de/10003854411
Executive compensation has become one of the most contentious topics in corporate governance. However, public perception about executive pay suffers from many misconceptions. These include the notions that:1. The ratio of CEO-to-average-worker pay is a useful statistic:2. Compensation...
Persistent link: https://www.econbiz.de/10013092778
We use a unique dataset of more than 1,000 Chief Executive Officers (CEOs) and Chief Financial Officers around the world to investigate the degree to which executives delegate financial decisions and the circumstances that drive variation in delegation. Delegation does not appear to be...
Persistent link: https://www.econbiz.de/10013070199
Governance at banks, especially major banks, requires further reform, especially with respect to incentives. Supervisors are concerned that incentives may make executives prone to take “excessive” risks. Shareholders are concerned that banks rarely earn their cost of capital.What's needed is...
Persistent link: https://www.econbiz.de/10012892625