Working Paper

01 August 2005

Outside Directors, Liability Risk and Corporate Governance: A Comparative Analysis (English Version)

Outside directors constitute a key component of most prescriptions for good governance of public companies. Given that outside directors are important corporate governance players, one is led to wonder what will motivate the...

Bernard Black | Brian Cheffins | Michael Klausner
01 March 2013

Independent Director Incentives: Where do Talented Directors Spend Their Limited Time and Energy?

We study reputation incentives in the director labor market and find that directors with multiple directorships distribute their effort unequally according to the directorship's relative prestige. When directors experience an...

Ronald Masulis | Shawn Mobbs