Directors have traditionally been elected by a plurality of the votes cast. This means that in uncontested elections, a candidate who receives even a...
The impact of separating cash flow and votes depends on the ownership structure. In widely held firms, one share - one vote is in general not optimal. While...
The lack of board diversity across gender and race has been one of the most controversial topics in corporate board governance in recent years. Given the...
What makes independent directors perform their monitoring duty? One possible reason is that they are concerned about being sanctioned by regulators if...
This paper analyzes the reputational effects of forced CEO turnovers on outside directors. We find that directors interlocked to a forced CEO turnover...