significant difference in the proportion of directors has turned over from bank boards since 2007 relative to boards of 1 … the chairperson and CEO's position or of an increase in the number of directors appointed outside of the current CEO …'s tenure in the post crisis period, relative to nonbanks; (iii) that the number of outside board seats of bank directors, a …

We examine the influence of outside directors' industry experience on segment investment, segment operating performance … expert directors using the supply of experienced executives near conglomerate firms' headquarters. We find that industry … expert representation on the board causes increased segment investment. Consistent with experienced directors playing …