This study analyzes the problem of high or runaway CEO pay packages. These packages reflect substantial lapses of corporate governance by the corporate boards of directors that award the excessive pay. A combination of shareholder impotence, director self-interest and CEO domination has rendered...

Around the world, policy makers are mandating gender quotas for boards of publicly-traded firms. Since the benefits and costs of these quotas accrue to shareholders, it is important to see how they react to the appointment of female directors. Using data on mandatory announcements of new...

Corporate governance is a concept about the way in which board oversees the running of the company by its managers and how board members are in turn accountable to shareholders and the company. Good corporate governance has implications for company behavior towards employees, shareholders,...

Previous studies addressing the influence of nationality diversity within the executive board on firm performance led to inconclusive results. In this study, nationality diversity and within board cultural distance are expected to affect MNE performance. Therefore, the following research...

n this paper we examine the agency costs of seemingly excessive pay awards to CEO's within the FTSE 100 in the last decade. Are CEOs taking a large proportion of the total pot (a big "pay slice") more, or less, able to return value to shareholders by better management? In presenting this...