Browsing All posts tagged under »Board of directors«

Which Corporate Governance Factors Impact Shareholder Returns?

November 15, 2010


Lucian Bebchuk, Alma Cohen and Allen Ferrell of the John M. Olin Center for Law, Economics and Business at Harvard University published a study in 2004 entitled What Matters in Corporate Governance? They studied twenty-four different governance provisions and tested for correlations with firm value and stockholder returns.  They found that only six corporate governance […]

How Corporate Directors Are Punished For Dissent

September 2, 2010


An insightful new piece of research from Cassandra D. Marshall at Kelley School of Business, Indiana University entitled “Are Dissenting Directors Rewarded?” shows that corporate directors that resign from their post in protest pay a penalty in the job market over the following five years and that “that the average director [who resigns in dissent] […]