In 2014 the European Union reformed the regulatory framework of statutory audits in Directive 2014/56/EC and Regulation (EU) Nr. 537/2014. Part of the...
Banks are special, and so is the corporate governance of banks and other financial institutions as compared with the general corporate governance of...
In this paper we argue that boards of directors lack the mandate, the incentives and the ability to control insiders, especially in jurisdictions where...
This paper clarifies why optimal corporate governance generally excludes monetary liability for breach of directors? and managers? fiduciary duty of...
This article explores how issuer liability reallocates fraud risk and how risk allocation may reduce the incidence of fraud. In the US, the apparent...
We find a large body of evidence that independent director reputation incentives can vary across directors and can significantly influence important...