Boards

Working Paper

18 March 2021

The Structure of the Board of Directors: Boards and Governance Strategies in the US, the UK and Germany

The chapter continues and advances our earlier research on ‘Board Models in Europe’. We explore 'The Structure of the Board of Directors' with a view to the basic governance structure as provided by a board model vis-à-vis...

Klaus Hopt | Patrick C. Leyens
25 April 2017

Why Do Boards Exist? Governance Design in the Absence of Corporate Law

We study when firms choose to install boards and their roles in a historical setting where neither boards nor their duties are mandated by law. Boards arise in firms with large, heterogenous shareholder bases. We propose that an...

Mike Burkart | Salvatore Miglietta | Charlotte Ostergaard
01 August 2015

Mind the gap: The Age Dissimilarity between the Chair and the CEO

We study the relation between the chair of the board of directors and the CEO. We argue that substantial age dissimilarity between the two - giving rise to cognitive conflict - increases board monitoring and firm value for firms with...

Marc Goergen | Peter Limbach | Meik Scholz-Daneshgari
08 September 2017

The Dialogue between the Chairman of the Board and Investors: The Practice in the UK, the Netherlands and Germany and the Future of the German Corporate Governance Code Under the New Chairman

The dialogue of the board and its chairman with investors is an established practice in many countries, such as the United Kingdom, the USA, the Netherlands, Belgium, France and recently also Germany. In the UK this dialogue covers the...

Klaus Hopt

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