Trends in Corporate Governance

28 Pages Posted: 9 Oct 2003

Date Written: September 3, 2003

Abstract

The popular press and scholarly studies have noted a number of trends in corporate governance. This paper addresses the broad question of whether these trends are linked. And, if so, how; The paper finds that a trend toward greater board diligence will lead to trends toward more external candidates becoming CEO, shorter tenures for CEOs, more effort being expended by CEOs (equivalently less perquisite consumption), and greater CEO compensation.

Keywords: Board of directors, monitoring, CEO tenure and compensation

JEL Classification: G34, L22, M51, M52

Suggested Citation

Hermalin, Benjamin E., Trends in Corporate Governance (September 3, 2003). Available at SSRN: https://ssrn.com/abstract=441360 or http://dx.doi.org/10.2139/ssrn.441360

Benjamin E. Hermalin (Contact Author)

University of California, Berkeley ( email )

545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720
United States
510-642-7575 (Phone)
510-643-1420 (Fax)

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
1,273
Abstract Views
3,553
rank
20,341
PlumX Metrics