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The role of outside directors is one of the key features in the transatlantic corporate governance debate. As their importance rises, their liability is also attracting attention. Since there are only a few cases internationally in which outside directors of listed companies have been held...
Persistent link: https://www.econbiz.de/10013137966
In an effort to provide a critical position concerning the inclusion of the so called de facto managers mentioned in … facto managers and shadow directors in Comparative Law. The idea is to provide readers with elements to analyze its … application and legal consequences in Colombia since they are extending liability of company managers …
Persistent link: https://www.econbiz.de/10013140010
This study investigates how directors make decisions that involve shareholders and other stakeholders. Using vignettes derived from seminal court cases, we construct an index of directors' shareholderism as a general orientation on this issue. In a survey of the entire population of directors...
Persistent link: https://www.econbiz.de/10013116404
Microtheoretical models of the corporation which focus on corporate governance attempt to answer two deceptively simple, but fundamentally elusive questions: ‘Who are in control of the corporation?' and ‘Whose interests ultimately control those in control of the corporation?' Both questions...
Persistent link: https://www.econbiz.de/10013117588
Expertise is increasingly being recognized as an important component to enhance boards' and directors' effectiveness. In view of the increasing relevance of special skill/ expertise in specific industries, this study offers insights to policy makers to improve corporate governance and directors'...
Persistent link: https://www.econbiz.de/10013119278
How do you build the best board for your organization? What attributes and skills are required by law and what mix of experiences and talents will give you the best corporate governance? What are the commonly required director attributes that are a must for each board and how do you customize...
Persistent link: https://www.econbiz.de/10013081519
New Zealand has the reputation as a pioneering nation in policy reform- it was the first to introduce a comprehensive no fault based system for accident compensation, it had an early form of the welfare state, it embraced the economic reforms of the 1980s, and it was the first country to allow...
Persistent link: https://www.econbiz.de/10013085773
The general duties owed by directors to their companies are a critical element of company law overall, and corporate governance in particular. If these duties are breached the board, acting on behalf of the company, is empowered to decide whether to take action against the miscreant directors....
Persistent link: https://www.econbiz.de/10013088494
This paper analyzes the characteristics of firms that declare board directors as independents, although the directors are not strictly independent, and examines the consequences in terms of performance and corporate governance outcomes. Based on publicly available information, eight criteria of...
Persistent link: https://www.econbiz.de/10013064529
Regulators, proxy advisors and shareholders are regularly calling for independent directors. However, at the same time, independent directors commonly engage in numerous outside activities potentially reducing their time and commitment with the particular firm. Using Tobin's Q as an...
Persistent link: https://www.econbiz.de/10013067754