This supplement to "The Family Planning Manager" introduces a case study and case discussion questions to illustrate the potential for conflict between a family planning organization's executive director and its board of directors. In this hypothetical scenario, the areas of conflict included the board's refusal to change the noncompetitive staff salary structure, private discussions between a...

The overall independence of a firm’s governance system depends not only on the independence of its board of directors but also on CEO influence over the other top executives. We find that board independence and independence from CEO influence in the executive suite are inversely related. Difference-in-difference estimates using a regulatory shock reveal that strengthening board independence wea...