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Shareholder Elections of Audit Committee Members

Gal-Or, Ronen - 2018

Voting in directors' elections is one of few mechanisms by which shareholders can influence corporate governance …

Persistent link: https://www.econbiz.de/10012938545

Boards, Audit Committees, Earnings Management and Shareholder Returns in MBO's

Davidson, Wallace N. - 2011

We relate the agency issues inherent in management buyouts and in earnings management. Income-reducing earnings management occurs prior to management buyouts. When insiders own small amounts of stock, outside monitoring mechanisms such as institutional ownership and Big Six audit firms reduce...

Persistent link: https://www.econbiz.de/10013122548

The Efficacy of Shareholder Voting in Staggered and Non-Staggered Boards : The Case of Audit Committee Elections

Gal-Or, Ronen - 2015

-staggered and staggered boards. We find that through voting, shareholders can increase the efficacy of the audit committee, leading …

Persistent link: https://www.econbiz.de/10013032152

Legal Liability of Audit Committee Members in U.S. Shareholder Derivative Cases : Lessons Learned From Recent Litigation

Blythe, Stephen E. - 2020

This study focuses on U.S. shareholder derivative cases in which Audit Committee members were defendants. Three grounds for Audit Committee liability were alleged in those cases: (1) violation of the Fiduciary Duties of Care, Loyalty or Good Faith, which may include failure to provide proper...

Persistent link: https://www.econbiz.de/10012831122

Consequences of Financial Reporting Failure for Outside Directors : Evidence from Accounting Restatements and Audit Committee Members

Srinivasan, Suraj - 2011

I use a sample of 409 companies that restate their earnings in 1997-2001 to examine penalties for outside directors, particularly audit committee members, when their companies experience accounting restatements. Penalties from lawsuits and Securities Exchange Commission (SEC) actions are...

Persistent link: https://www.econbiz.de/10013122906

Do Lead Independent Directors Serving on the Audit Committee Affect Financial Reporting Quality?

Gao, Bo - 2019

This paper examines the effect of the lead independent directors who serve on audit committees on financial reporting quality and external audit firm interactions. Lead independent director is a position on companies' boards of directors that encompasses several responsibilities, including...

Persistent link: https://www.econbiz.de/10012897223

Audit Committee Oversight and Financial Reporting Reliability : Are Audit Committees Overloaded?

Ashraf, Musaib; Choudhary, Preeti; Jaggi, Jacob - 2021

We examine the relation between audit committee (AC) responsibilities and financial reporting reliability. AC responsibilities have increased over time, prompting concerns that overloading ACs may impair financial reporting. Using new AC charter-based proxies to measure AC responsibilities, we...

Persistent link: https://www.econbiz.de/10013213734

CEO Power and the Strategic Selection of Accounting Financial Experts to the Audit Committee

Bedford, Anna; Ghannam, Samir; Grosse, Matthew; Ma, Nelson - 2023

We examine the role of Chief Executive Officer (CEO) power in the selection of accounting financial experts (AFEs) to audit committees. Our results show that firms with powerful CEOs have a lower likelihood of appointing AFEs to the audit committee. Furthermore, firms with powerful CEOs are less...

Persistent link: https://www.econbiz.de/10014265169

CEO Involvement in Selecting Board Members, Audit Committee Effectiveness, and Restatements

Carcello, Joseph V. - 2010

Research finds independent audit committees and audit committee financial experts are generally effective in monitoring the financial reporting and auditing processes. However, not all audit committees that appear in form to be independent are in fact actually independent, and not all financial...

Persistent link: https://www.econbiz.de/10013142047

Conflicts between parent company and non-controlling shareholders in stakeholder-oriented corporate governance : evidence from Japan

Fujita, Kento; Yamada, Akihiro - In: Journal of business economics and management 23 (2022) 2, pp. 263-283

When a company establishes subsidiaries with capital provided by a third party, the subsidiaries' shareholders include … the parent company (controlling shareholders) and minority (noncontrolling) shareholders. When shareholders' interests are … conflicts among shareholders are called principal-principal (PP) conflicts. However, adopting stakeholder-oriented corporate …

Persistent link: https://www.econbiz.de/10013258701

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