In 1992, the Cadbury Committee issued the Code of Best Practice which recommends that
boards of UK corporations include at least three outside directors and that the positions of …

We investigate the relation between corporate value and the proportion of the board made up
of independent directors in 799 firms with a dominant shareholder across 22 countries. We …

During the 1990s and beyond, countries around the world witnessed calls and/or mandates
for more outside directors on publicly traded companies' boards even though extant studies …

Between 1993 and 2000, at least 18 countries saw publication of guidelines proposing
minimum representation of outside directors on corporate boards. Underlying this movement is …

This UK study investigates whether the stock market prefers companies to award the
positions of chairman and chief executive officer to two different people instead of permitting a …

Chinese listed companies adopt a two‐tier board structure, a Board of Directors (BoD) and
a Supervisory Board. They are also required to provide in their annual reports a supervisory …

This paper reports the findings of an investigation, through a series of interviews, into the role
of the supervisory board (SB) in Chinese listed companies. The interviews were conducted …

A theoretical framework is developed for the analysis of the impact of executive succession in
public organizations. The central concepts in the model are the motives of chief executives, …

Contrary to the view expressed in several countries and the corresponding pressure exerted
by shareholder activists and regulators to separate the titles of CEO and Board Chairman, …

We examine performance in publicly listed UK companies over a period that encompasses
the issuance of the Cadbury Committee's Code of Best Practice, which calls for the abolition …