paradigm. Controlling shareholders, this Article suggests, may in fact overpay managers in order to maximize controllers …' consumption of private benefits, due to their close social and business ties with professional managers or for other reasons, such … as being captured by professional managers. This tendency to overpay managers is further aggravated by the use of control …

regulation enforced by the EU Directive CRD III, and hence how they have to be modified to adjust to the new standards. The … solve corporate governance problems. The analyses based on the sample of listed banks show that new regulation effective as … performance and also increase fixed costs for banks. Ultimately, the new Polish regulation that refers almost exclusively to the …