Boards: Independent and committed directors?
نویسندگان
چکیده
منابع مشابه
Independent Boards and Innovation∗
Much research has suggested that independent boards of directors are more effective in reducing agency costs and improving firm governance. How they influence innovation is less clear. Relying on regulatory changes, we show that firms that transition to independent boards focus on more crowded and familiar areas of technology. They patent and claimmore and receive more total future citations to...
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Is executive compensation influenced by the composition of the board of directors? About 8% of chief executive officers (CEOs) are reciprocally interlocked with another CEO—the current CEO of firm A serves as a director of firm B and the current CEO of firm B serves as a director of firm A. Roughly 20% of firms have at least one current or retired employee sitting on the board of another firm a...
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In social psychology, agentic behavior connotes excessive obedience to a proximate authority, and is mitigated by a rival authority or peer voicing dissent. Corporate governance reformers advocate non-CEO chairs and independent directors, respectively, as potential rival authorities and dissenting peers – plausibly to mitigate excessive director loyalty to errant CEOs. Measuring director power ...
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Institutional Review Boards (IRBs) and Independent Ethics Committees (IECs) are charged with protecting the rights and safety of clinical trial participants. The regulations that guide the review, approval, and conduct of human research refer to these independent boards as IRBs or IECs. In 2001 the Association for the Accreditation of Human Research Protection Programs (AAHRPP) was formed. Sinc...
متن کاملNo . 9 Independent Boards and Innovation ∗
Much research has suggested that independent boards of directors are more effective in reducing agency costs and improving firm governance. Less clear, however, is how independent boards influence innovation and innovation search strategies. Relying on regulatory changes that required shareholders to appoint a majority of independent directors, we demonstrate how the transition to independent b...
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ژورنال
عنوان ژورنال: International Review of Law and Economics
سال: 2015
ISSN: 0144-8188
DOI: 10.1016/j.irle.2014.10.002