The recent development of regulation of bank and insurance corporate governance can play an important role in increasing the quality and performance of boards. The paper describes the most important issues, like board size and composition, gender diversity, independent directors, the time that...

This article examines a recent provision prohibiting interlocking directorates between companies operating in the Italian banking, financial and insurance industry. The new provision prohibits a director, statutory auditor or management official of a bank, insurance or financial company from...

A 'good' corporate governance (CG) framework should protect shareholders' rights and ensure their equitable treatment, including minorities and foreign shareholders. It should also encourage active cooperation between corporations and stakeholders in creating wealth-generating economic...

It is clear from the literature that corporate gatekeepers such as auditors, investment bankers, credit-rating agencies, securities analysts and attorneys play a critical role in corporate governance. A steady stream of significant reforms with respect to the capital markets, including corporate...

The paper discusses, in the light of a sample survey of Islamic financial institutions, the measures that need to be taken to improve the overall corporate governance in these institutions.

The consensus among legal and economic historians that British law between 1844 and 1914 provided little protection to corporate shareholders is based on formal provisions in the Companies Acts. In fact these Acts applied only to companies registered by the Board of Trade. Moreover corporate law...

This study contributes to the ongoing debate on the relevance of non-executive outside directors for corporate governance building on a large panel of European listed firms in the period 2003 to 2011. Focusing on executive turnover as an indicator for effective monitoring, the findings reveal...

We investigate the influence of non-executive outside directors on firms' innovative performance for a sample of 1,393 listed firms in the EU - 15 member states plus Norway and Switzerland in the period 2005 to 2010. Our results show that the fraction of non-executive outside directors on the...

The paper attempts to establish a relationship economic reforms, dividend policy and economic growth. Broadly, the study tries to develop a link between economic reforms and economic growth. Further narrowing down, we split economic reforms into monetary, fiscal and governance reforms and find...

This study analyses thousands of corporate annual reports and financial data from 1960-2000 to propose an early history of the term ‘shareholder value’ in the United States. Scholarly interest in ‘shareholder value’ has burgeoned since 2000, but still little is known about the term’s...