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Outside Director Liability : German Stock Corporation Law in Transatlantic Perspective

Roth, Markus - 2010

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 liable for violating company law duties, and oversight liability is considered to … the lack of out-of-pocket liability in general, the provisions of the German Corporate Governance Code concerning a …

Persistent link: https://www.econbiz.de/10013137966

Disciplining and screening top executives

Dominguez-Martinez, Silvia; Swank, Otto H.; Visser, Bauke - 2006

Boards of directors face the twin task of disciplining and screening executives. To perform these tasks directors do not have detailed information about executives' behaviour, and only infrequently have information about the success or failure of initiated strategies, reorganizations, mergers...

Persistent link: https://www.econbiz.de/10011349199

Are Dissenting Directors Rewarded?

Marshall, Cassandra D. - 2011

I explore whether directors who resign in dissent from their board are rewarded in the labor market for directors. Using a hand collected sample of 278 boardroom disputes reported in 8-K filings during 1995-2006, I show that firms which have disputes are small, highly levered, have poor...

Persistent link: https://www.econbiz.de/10013133018

Outside Directors Say No : Determinants and After-Effects

Tang, Xuesong - 2011

Using a novel dataset of outside directors' opinions from 2005 to 2009, we explore the determinants of outside directors' saying ‘no' and what happens after they say ‘no' at board meetings in listed Chinese firms. We find that the firms with more severe agency problems between controlling...

Persistent link: https://www.econbiz.de/10013121264

Aktuelle Entwicklungen bei der Aufsichtsratsvergütung (Current Trends in the Compensation of Non-Executive Directors in Germany)

Metzner, Yves - 2012

We document three current trends in the compensation of non-executive directors in Germany. First, firms increasingly use performance-insensitive variable pay components, like committee and attendance fees. Second, this comes at the expense of performance-oriented variable pay components, which...

Persistent link: https://www.econbiz.de/10013098535

Corporate Director Selection and Recruitment : A Matrix

Trautman, Lawrence J. - 2013

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

Appointments of Academic Directors

White, Joshua T. - 2013

We examine the outside director selection process using unique data on appointments of academic directors. Overall, we find academic directors tend to be appointed by small- and mid-cap firms expanding their boards. However, we find important differences in both the factors influencing academic...

Persistent link: https://www.econbiz.de/10013087033

CEO Optimism and the Board's Choice of Successor

Campbell, T. Colin - 2013

Extant research suggests that moderate CEO optimism can be beneficial to the firm. However, little is known about how boards of directors learn the effects of CEO optimism. Evidence from psychology indicates that individuals/groups may learn more from failure than success, while a simple...

Persistent link: https://www.econbiz.de/10013089582

The Benefits of Focus vs. Heterogeneity : Dissimilar Directors and Coordination within Corporate Boards

Knyazeva, Anzhela - 2013

We examine dispersion in director characteristics within a board. Directors with different skills can augment the board's overall expertise and decision making flexibility, but they also face coordination problems. Empirically, the negative effect of dispersion on value prevails. To establish...

Persistent link: https://www.econbiz.de/10013090803

Independent Director Incentives : Where Do Talented Directors Spend Their Limited Time and Energy?

Masulis, Ronald W. - 2013

We study reputation incentives in the director labor market and find that directors with multiple directorships distribute their effort unequally based on the directorship's relative prestige. When directors experience an exogenous increase in a directorship's relative ranking, their board...

Persistent link: https://www.econbiz.de/10013091449

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