This article explores the rising tension between shareholder and director power in the common law world. First the … common law jurisdictions. Secondly, the article discusses power shifts in the opposite direction – namely toward the board … rules designed to enhance shareholder power, and commercial practices designed to subvert it. It shows how strategic …

Corporate governance studies typically assume that the CEO is the main locus of business power. However, when the CEO … for comparing the relative power of Chairmen vis-à-vis CEOs and apply it to 204 firms in France and 215 firms in Brazil … performance and board tenure are positively associated with Chairmen’s power. Because the Chairman’s individual power has not been …

politicians around the world. We provide new insights to this ongoing discussion by applying power indices from game theory to … examine the actual voting power of employees on boards and its effect on firm performance. Based on unique panel data on the … largest listed companies in Germany, we find an inverse U-shaped relationship between labor power and Tobin's Q. Moderate …

effect. It further varies with politicians power, firm size and governance, and connection strength, and diminishes as a …

The optimal view of managerial power theory suggests that corporate boards reward CEOs with power for good firm …, that are outside the CEO's control. Contrary to the prediction, we find that CEOs are rewarded with power for luck. In the … baseline specification, a one standard deviation increase in firm performance due to luck leads to a 3% increase in CEO power …

In this paper, we investigate the consequences of fraud for CEOs and whether these consequences depend on CEO power. We … find that CEO power can reduce the likelihood of director turnover as well as CEO turnover after fraud detection. Further …, we find that CEO power is negatively related to long-term stock performance after fraud detection and this negative …

This study examines the implications of CEO power on the board structure of banks in the Ghanaian banking industry … show that CEO power underscores the absence or lack of gender composition of bank boards and constrains independent … the CEO power effect on bank board structure, such that the actual sign of the marginal effect of CEO power on bank board …

This study examines the implications of CEO power on the board structure of banks in the Ghanaian banking industry … show that CEO power underscores the absence or lack of gender composition of bank boards and constrains independent … the CEO power effect on bank board structure, such that the actual sign of the marginal effect of CEO power on bank board …