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Effects of Firm Complexity on the Adaption of Board Structure : Evidence from U.S. Electric Utilities Following Deregulation

Hoi, Chun-Keung; Wollan, Patricia L. - 2010

This paper reexamines the adaptation of board structure in U.S. electric utilities following deregulation. Post-deregulation … changes in the complexity of a firm’s operations. Electric utilities that do not become more complex after deregulation reduce … that become more complex; these utilities employ more outsiders but fewer inside directors after deregulation. We conclude …

Persistent link: https://www.econbiz.de/10014193644

Do publicly listed insurance firms in Saudi Arabia have strong corporate governance?

Al-Faryan, Mamdouh Abdulaziz Saleh; Alokla, Jassem - In: Economies : open access journal 11 (2023) 1, pp. 1-41

Saudi Arabia has now opened its markets to foreign investors in line with its strategy to diversify its economy. However, investors need to feel confident that Saudi enterprises are being monitored and regulated appropriately. This study identifies the impact of improvements in Saudi corporate...

Persistent link: https://www.econbiz.de/10013500675

The Long-Term Efficacy of Activist Directors

Goodwin, PhD, Shane - 2016

Over the past two decades, hedge fund activism has emerged as a new mechanism of corporate governance that brings about operational, financial and governance reforms to a corporation. Many prominent business executives and legal scholars are convinced that the entire American economy will suffer...

Persistent link: https://www.econbiz.de/10012999130

Executive Suite Independence : Is It Related to Board Independence?

Kim, E. Han - 2016

The executive suite and the board are closely bound to each other through their fiduciary responsibility to same shareholders. With CEOs' prominent role in both governing bodies, their independence from CEOs' self-serving behavior might be related to each other. We explore the interdependence...

Persistent link: https://www.econbiz.de/10013006168

Towards the Declassification of S&P 500 Boards

Bebchuk, Lucian A. - 2016

Persistent link: https://www.econbiz.de/10013006690

Captured Boards and Fractured Governance in a World of Cronyism - The Case of India

Balasubramanian, Bala N. - 2017

This paper examines the largely emasculated role of corporate boards of directors in effectively discharging their fiduciary obligations of promoting and protecting the interests of absentee shareholders. Although legislation and regulation in India, through the Companies Act and Listing...

Persistent link: https://www.econbiz.de/10012964438

'Captured Boards' : The Rise of 'Super Directors' and the Case for a Board Suite

Nili, Yaron - 2017

Boards of public corporations in the United States are becoming increasingly independent, due to an effort to ensure that shareholders' interests in the company are protected. Yet, little attention has been given to the way that board members obtain and digest the information necessary for their...

Persistent link: https://www.econbiz.de/10012968137

Gender Diversity on Corporate Boards

Watson, Katherine - 2015

Gender diversity on corporate boards is a popular topic both in academic and in business publications, but the focus is typically on ‘how' rather than ‘why'. This paper argues that the motivation for seeking to increase the number of women on boards necessarily affects the means of achieving...

Persistent link: https://www.econbiz.de/10013025328

The Elusive Monitoring Function of Independent Directors

Avci, Sureyya - 2018

Federal law mandates that audit and compensation committees of public companies be comprised entirely of independent directors. The assumption underlying these legal requirements is that independent directors are more likely to act as monitors of the company's top management. In this paper, we...

Persistent link: https://www.econbiz.de/10012912592

Does the Mandatory Adoption of Outside Directors Improve Firm Performance?

Tsukioka, Yasutomo - 2018

This paper examines the economic consequences of the introduction of regulations that mandate listed firms adopt outside directors. The Japanese Companies Act was revised in June 2014, and this revision required listed firms to adopt at least one outside director. Although half of the listed...

Persistent link: https://www.econbiz.de/10012914019