Purpose – The recent oil spill disaster in the Gulf of Mexico as well as a multitude of other corporate scandals repeatedly draw attention to the importance of good corporate governance. This paper seeks to explain the possible reasons for violations of principles of good corporate governance...

Purpose – The purpose of this paper is to show how boards can get in touch with their value critical stakeholders, those who can make or break the company. Design/methodology/approach – The paper first develops the hypothesis that boards often are out of touch with reality. It then...

Purpose – This paper aims to examine current research trends into corporate governance and to propose a different dynamic, humanistic approach based on individual purpose, values and psychology. Design/methodology/approach – The paper reviews selected literature to analyse the assumptions...

Purpose – The purpose of this paper is to explore the effects of large shareholdings from the agency problem perspective of overinvestment, and re‐test the role of board independence in the context of concentrated ownership. Design/methodology/approach – Using a five‐year panel data of...

Purpose – This paper seeks to examine the differences between executives and investors in the perception of determinant factors in executive compensation. Design/methodology/approach – From a survey instrument comprised of archival executive compensation determinant items, a factor analysis...

Purpose – The audit committee is one of the most prominent board sub‐committees, having a potentially important role to play in ensuring sound corporate governance. This paper aims to examine and discuss the behaviour of companies following revisions to the UK's Revised Code....

Purpose – This aim of this paper is to check whether the incentive role of executive stock options (ESO) depends on their level. Design/methodology/approach – The study is based on data from a sample of 538 American firms over 11 years (1994 to 2004). Using regression analysis, the degree of...

Purpose – This paper seeks to explore empirically the shareholder reactions to an officer leave of absence (OLOA) announcement. Design/methodology/approach – A standard event study methodology is applied to daily stock holding period returns. The sample studied consists of 104 firms...

Purpose – The aim of this paper is to analyze the impact of media on corporate governance and to develop a research agenda on the same issue in the peculiar Indian setting. Design/methodology/approach – Extant and premier literature on the impact of media on corporate governance is reviewed....