We use hand-collected board data around the issuance of two distinct government-led board structure mandates in the U.K. to establish the effect of outside directors on acquirer performance. Increases in outside director representation are associated with better acquirer returns in deals...

Within Banking Union, the Single Resolution Board (Board) was established as an EU agency with extensive decision-making powers both at the preventive phase of resolution planning and the resolution phase, when a resolution scheme needs to be actually applied. Such powers can be directly...