sizes and firms' market values in a sample of 792 large U.S. public corporations between 1984 and 1991. Using Tobin's Q as an approximation of market valuation, I find a negative association with board size over the range between four and ten directors, after which the relation levels off...
I present evidence consistent with theories that small boards of directors are more effective. Using Tobin's Q as an approximation of market valuation, I find an inverse association between board size and firm value in a sample of 452 large U.S. industrial corporations between 1984 and 1991. ...
对应原文:C段:Often, board business is devolved to committees in order to cope with the workload, which may be more efficient but can mean that the board as a whole is less involved in fully addressing some of the most important issues. 答案解析:C段开头提到,董事会的事务可以交给委员会来进...
" CEO Liana Douillet Guzman said in a statement to CBS News."My executive team and I, along with our board of directors, spent the entire weekend ensuring that we would be prepared for the SVB fallout. While I'm always grateful
The Responsibilities of a Board of Directors for Privately Held & Publicly Held Companies. The phrase "board of directors" is often used interchangeably with "board of governors," "board of regents," or "board of trustees." Regardless of the title, the f
Often, board business is devolved to committees in order to cope with the workload, which may be more efficient but can mean that the board as a whole is less involved in fully addressing some of the most important issues.It is notuncommonfor the audit committee meeting to last longer than...
Fortunereached out to every company that listed no female directors. A few companies responded with news that they recently named a woman to its board and thus were removed from our list. Of the remaining 23 companies, only two providedus with a comment on our findings. ...
What really matters is whether the arrangement improves the autonomy of the corporation. As weak independent directors often conflict with supervisors in terms of their roles, a clear definition of their powers and related measures is necessary. Corporate performance is improved when the board size ...
with the board size,significantly positively associated with the numbers of board meeting,indistinctively positively associated with board independence,indistinctively positively associated with general manager duality,and significantly negatively associated with independent directors who do not come from the ...
aThe board of directors is also required to prepare a report regarding the management, the financial situation and the business policy of the company at least once every year for the general assembly (section 244 of the Companies Act). 也要求理事至少一次每年一个报告关于管理、财政情况和公司的营业...