This paper investigates the role external advice plays in the board's determination of CEO compensation. We show that CEO incentive pay increases with the degree of compensation consultant independence using a quasi-natural experiment provided by the creation of an independent consultant after...

Using five empirical methodologies to account for endogeneity issues, this study investigates the effects of board independence and managerial pay on the performance of 169 Saudi listed firms between 2007 and the end of 2014. Studying board independence and managerial pay utilises the main...

We document three current trends in the compensation of non-executive directors in Germany. First, firms increasingly use performance-insensitive variable pay components, like committee and attendance fees. Second, this comes at the expense of performance-oriented variable pay components, which...

The article presents an original research on 1) the information theory of the board of directors and 2) the strategy creation by the interlocking interconnecting directors in the boards of directors in the firms in an information century. We review the possible structures of the board of...

The research explores a scientific problem on the quantum strategy creation and implementation by the interlocking interconnecting directors in the boards of directors in the modern organizations at the time of globalization, solving the winning virtuous strategy search, the most effective...

We examine the certification and resignation decisions of independent directors in China, and provide evidence on the relative influence that social, political and reputational factors have on the decisions of independent directors in the presence of private information about future adverse...

We examine whether reputable independent directors improve firm performance and governance quality in emerging markets, using data from China. Firms with such directors, measured as the number of directorships in other listed firms, have higher profitability, operating efficiency and...