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-party transactions and other conflicts of interest situations. Moreover, controlling shareholders often perform some of the functions …
Persistent link: https://www.econbiz.de/10013053244
shareholders during takeovers is justified under common law and policy.Design/Methodology/Approach – The paper provides a detailed …
Persistent link: https://www.econbiz.de/10013017557
Shareholder supremacists argue that corporate management should be constrained by additional shareholder power to nominate directors, approve executive pay, or receive financial disclosures. Meanwhile, managerial and directorial apologists suggest that the way forward is to protect managerial...
Persistent link: https://www.econbiz.de/10013018041
and protect the benefit of shareholders. But board of directors has emerged as an efficient approach to protect … shareholders benefit. This paper has revealed the impact of board size, number of promoter directors and independency of the board … remaining are other executives. Shareholders also get more than 90% of their returns from changes in share prices. The random …
Persistent link: https://www.econbiz.de/10013024604
already in place, such as the Shareholders' Rights Directive, the Transparency Directive and the requirement to make a … corporate governance statement available to shareholders. But more needs to be done, and in the 2012 Action Plan the Commission … role in engaging shareholders in corporate governance issues will contribute positively to good corporate governance in …
Persistent link: https://www.econbiz.de/10013043079
We find that classified board in the M&A target firm is positively related to the target shareholder value, but only for firms with both intensive R&D investment and strong external governance. We also find that firms with classified board exhibit superior quality innovation when they have both...
Persistent link: https://www.econbiz.de/10012935021
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This paper analyzes the reputational effects of forced CEO turnovers on outside directors. Directors interlocked to a forced CEO turnover experience large and persistent increases in withheld votes at subsequent re-elections relative to non-turnover-interlocked directors. Reputational losses are...
Persistent link: https://www.econbiz.de/10012514153
-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
Persistent link: https://www.econbiz.de/10013172503