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The basic governance structure of public corporations : the interests of shareholders as a class
Armour, John; Enriques, Luca; Hansmann, Henry B.; … - 2017
in the regulation of executive compensation. The chapter briefly reviews legal rules and standards and disclosure as …
Persistent link: https://www.econbiz.de/10011674062
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Chapter 1. Corporate Governance and Control
Becht, Marco; Bolton, Patrick; Röell, Ailsa - 2003
from this overview: regulation of large shareholder intervention may provide better protection to small shareholders; but …
Persistent link: https://www.econbiz.de/10014023875
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The Rising Tension between Shareholder and Director Power in the Common Law World
Hill, Jennifer G. - 2020
This article explores the rising tension between shareholder and director power in the common law world. First the … common law jurisdictions. Secondly, the article discusses power shifts in the opposite direction – namely toward the board … rules designed to enhance shareholder power, and commercial practices designed to subvert it. It shows how strategic …
Persistent link: https://www.econbiz.de/10012857567
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Survey of Boards’ Monitoring and Advisory Roles
Coles, Jeffrey L.; Daniel, Naveen D.; Naveen, Lalitha - 2023
In this paper, we survey the literature on corporate boards, with a specific focus on its primary functions of monitoring and advising the CEO. In particular, we consider how board structure and the individual directors’ characteristics, skill sets, connections, busyness, and incentives affect...
Persistent link: https://www.econbiz.de/10014352992
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Board Structure and Bondholder Agency Risk : Evidence from Board Reforms
Amiraslani, Hami - 2020
Does the structure of corporate boards affect bondholder agency risk? Using mandatory board reforms, I show that firms that transition to independent boards experience economically significant reductions in payout, financing, and event risk covenants in their bond contracts. This effect is not...
Persistent link: https://www.econbiz.de/10012848340
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Activist Directors and Agency Costs : What Happens When an Activist Director Goes on the Board?
Coffee, John C. - 2018
Persistent link: https://www.econbiz.de/10012930453
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Director Overlap : Groupthink versus Teamwork
Coles, Jeffrey L. - 2020
We address two aspects of board dynamics — group-think and teamwork — that both arise from increased director overlap. Overlap captures the extent of common service by board directors. Greater overlap can lead to excessive cohesiveness of the group and thus group-think, where the desire for...
Persistent link: https://www.econbiz.de/10012828397
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Independent Directors and Controlling Shareholders
Bebchuk, Lucian A. - 2017
that allows policymakers to produce the precise balance of power between controlling shareholders and public investors that …
Persistent link: https://www.econbiz.de/10012969875
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Towards the Declassification of S&P 500 Boards
Bebchuk, Lucian A. - 2016
Persistent link: https://www.econbiz.de/10013006690
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Board Declassification Activism : The Financial Value of the Shareholder Rights Project
Cremers, Martijn - 2017
For three academic years (2011-2014), the Harvard Law School's Shareholder Rights Project (SRP) operated a clinical program assisting institutional investors on board declassification proposals. This paper analyzes the SRP as a quasi-natural experiment to examine the value implications of...
Persistent link: https://www.econbiz.de/10012957219