Trends in Corporate Governance
28 Pages Posted: 9 Oct 2003
Date Written: September 3, 2003
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: Suggested Citation