Economic Determinants of Audit Committee Composition and Activity
نویسندگان
چکیده
In this paper, I examine possible reasons behind observed differences in audit committee composition and activity. The governance structures of audit committees appear to be sensitive in meeting the monitoring and litigation risk needs of the parent firm. However, boards with stronger CEOs also have a higher probability of placing insiders and interested directors on their audit committees than boards with relatively weaker CEOs. Audit committees of strong-CEO firms also tend to meet less frequently than their counterparts.
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