The research question for this paper is to identify how some widely accepted governance practices are not necessarily consistent with the objectives of good governance. One reason is that there is little agreement as to what are the objectives of generic good governance, be it in the public,...

The research question for this paper is to identify how some widely accepted governance practices are not necessarily consistent with the objectives of good governance. One reason is that there is little agreement as to what are the objectives of generic good governance, be it in the public,...

Co-operative societies are organised groups primarily working at grass root level serving for the financially weaker section of the society, who have limited access to the Banks. The success of the co-operative sector lies in the governance of the society and it is in the hands of the elected...

We document the emergence of the lead independent director (LID) board role in a sample of U.S. firms in 1999-2015. We find that firms that adopt a LID board role are larger and have more independent boards, higher institutional investor holdings, and an NYSE listing. Firms with greater...

Corporate disasters in the international community such as Enron Corp. and Global Crossing as well as the collapse of major financial institutions in Jamaica like Mutual Life Insurance Company and Century National Bank, have demonstrated the importance of having well established and stringent...

We hypothesize that poor country-level governance, which makes public information less reliable, induces fund managers to increase their use of semi-public information. Utilizing data from international mutual funds and stocks over the 2000-2009 period, we find that semi-public...