Evaluating Boards and Directors

Reciprocally Interlocking Boards of Directors and Executive Compensation

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...

Racial diversity and performance 1 Racial Diversity and Performance of Nonprofit Boards of Directors

Increasingly nonprofit boards of directors are becoming more racially diverse or face pressures to increase their diversity. This research used survey data from 121 executive directors in nonprofit organizations in two metropolitan areas to investigate the affect of board member diversity, attitudes, and recruitment practices on board performance. Analysis revealed that boards with a higher per...

Endogenously Chosen Boards of Directors and ¤ Their Monitoring of the CEO

This paper develops a model in which the e®ectiveness of the board's monitoring of the CEO depends on the board's structure or composition. The independence of new directors is determined through a bargaining process between the existing directors and the CEO. The CEO's bargaining position, and thus his in°uence over the board-selection process, depends on an updated estimate of the CEO's abili...

The Role and Impact of Chairs of Nonprofit Organization Boards of Directors: an Exploratory Study

Most research on nonprofit boards has tended to focus on the board as a whole and its role vis a vis the organization’s management. Comparatively little empirical attention has been paid to the role and impact of board chairs. This paper reports on a pilot study exploring the differences between highly effective and highly ineffective chairs as perceived by experienced Executive Directors and b...

Who Controls Whom Revisited: Managers, Boards of Directors, and Corporate Governance in Large U.S. Firms