CGN: Board Decision-Making (Topic)最新文献_第4页

CGN: Board Decision-Making (Topic) Pub Date : 2011-04-17 DOI: 10.2139/ssrn.2579637

Margriet Stavast-Groothuis

引用次数: 0

Enhancing Board Effectiveness: What About Induction and Training Programs for Directors? 提高董事会效率:如何实施董事入职培训计划?

CGN: Board Decision-Making (Topic) Pub Date : 2011-03-23 DOI: 10.2139/ssrn.1793277

Paola Schwizer, Rosalba Casiraghi, Valeria Stefanelli

{"title":"Enhancing Board Effectiveness: What About Induction and Training Programs for Directors?","authors":"Paola Schwizer, Rosalba Casiraghi, Valeria Stefanelli","doi":"10.2139/ssrn.1793277","DOIUrl":"https://doi.org/10.2139/ssrn.1793277","url":null,"abstract":"The paper discusses the idea that an institutionalized and effective board induction and training process could maximize the director’s contribution and thus improve board effectiveness in banks, especially if training and induction are done in a board that respects good practices with regards to board independence, board diversity, presence of board committees, degree of directors’ turnover, recommended by regulators and institutions. In the wake of the recent financial crisis, in fact, a growing “professionalisation” of directors may be considered as a tool to improve the board effectiveness in banks. Contrary to the relevance of the topic, the available literature is very poor. Using the qualitative research methods, the paper shows, first of all, the state of the art on board induction and training programs for directors in the 25 largest European banks and, then, the results of a survey about the opinions of an Italian panel on the topic. Findings confirm that induction and training programs for directors are a fundamental tool to improve the effectiveness of corporate governance. However there is a substantially limited dissemination of these practices in banks and, in those cases where these practices are used more extensively, it is possible to spot some areas of improvement compared to best practices. Overall, the most disappointing results, in terms of the dissemination of induction and training programs for directors, emerge from the interviews carried out on the Italian panel. Based on the results, some motivation and managerial implications are proposed.","PeriodicalId":256682,"journal":{"name":"CGN: Board Decision-Making (Topic)","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-03-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123353905","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 4

Corporate Governance Going Astray: Executive Remuneration Built to Fail 误入歧途的公司治理:高管薪酬注定失败

CGN: Board Decision-Making (Topic) Pub Date : 2011-03-22 DOI: 10.1515/9783899496321.1521

J. Winter

{"title":"Corporate Governance Going Astray: Executive Remuneration Built to Fail","authors":"J. Winter","doi":"10.1515/9783899496321.1521","DOIUrl":"https://doi.org/10.1515/9783899496321.1521","url":null,"abstract":"Modern remuneration systems for executive directors include substantial elements of performance based pay. The idea behind this is that by rewarding executives for performance their interests become aligned with those of the company’s shareholders, thus bridging the principal-agent gap. Executive remuneration through performance based pay has become an explicit corporate governance tool that is supposed to improve the governance of companies. Others have argued that the governance and design of performance based pay system is often poor, as result of which the principal-agent problem actually increases. This paper argues that even if we can improve the governance and design of executive performance based pay, it cannot be made to work because people behave differently than performance based pay assumes. Research revealing our bounded rationality, bounded awareness and bounded ethicality shows that we simply cannot handle executive performance based pay. Regulation will not solve the problem, what is needed is a paradigm change, a refocusing of attention by shareholders, non-executive and executive directors. Such a paradigm change requires a deconstruction of the current myths surrounding performance based pay and the creation of new remuneration narratives.","PeriodicalId":256682,"journal":{"name":"CGN: Board Decision-Making (Topic)","volume":"72 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2011-03-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134608857","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 13

Staggered Boards, Accounting Discretion, and Firm Value 交错董事会，会计自由裁量权和公司价值

CGN: Board Decision-Making (Topic) Pub Date : 2010-09-29 DOI: 10.2139/ssrn.1684676

P. Jiraporn, Yixin Liu

引用次数: 3

Can Network Governance Reduce Risks for Financial Firms Too Big to Fail? 网络治理能降低大而不倒的金融公司的风险吗?

CGN: Board Decision-Making (Topic) Pub Date : 2010-01-15 DOI: 10.2139/ssrn.1533920

S. Turnbull, M. Pirson

{"title":"Can Network Governance Reduce Risks for Financial Firms Too Big to Fail?","authors":"S. Turnbull, M. Pirson","doi":"10.2139/ssrn.1533920","DOIUrl":"https://doi.org/10.2139/ssrn.1533920","url":null,"abstract":"This paper compares the competitiveness and resilience of firms governed by a single board that were considered “too big to fail” in 2008 with firms governed by a network of boards. Network governance introduces a division of power, checks and balances with stakeholder engagement. Hierarchical firms and/or regulators governed by a unitary board can deny the reliable identification, communication, analysis and mitigation of operating problems and risks. These problems increase with the size of the organization and are exacerbated by information overload on senior managers, directors and/or regulators. The 2008 financial problems were anticipated by some employees and external commentators. However, stakeholders exposed to risks possessed insufficient influence in either governing and/or regulating firms to take corrective action. Empirical evidence reveals that the resilience of network governed organizations arises from distributed intelligence, decision-making and controls that facilitate the mitigation of risks while providing competitive and/or operating advantages. The paper concludes that it is imprudent for regulators to allow financial firms that are excessively large and/or with excessively complex operations to exist without network governance or for any such non-financial firms to be publicly traded.","PeriodicalId":256682,"journal":{"name":"CGN: Board Decision-Making (Topic)","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131004301","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Roles Of Stakeholders In Strategic Decision-Making Of Microfinance Organizations 利益相关者在小额信贷组织战略决策中的作用

CGN: Board Decision-Making (Topic) Pub Date : 2009-10-31 DOI: 10.2139/ssrn.1535970

N. Mori

引用次数: 23

Overview of Corporate Governance in Ethiopia: The Role, Composition and Remuneration of Boards of Directors in Share Companies 埃塞俄比亚公司治理综述:股份公司董事会的作用、组成和薪酬

CGN: Board Decision-Making (Topic) Pub Date : 1900-01-01 DOI: 10.4314/MLR.V6I1.2

H. Tura

{"title":"Overview of Corporate Governance in Ethiopia: The Role, Composition and Remuneration of Boards of Directors in Share Companies","authors":"H. Tura","doi":"10.4314/MLR.V6I1.2","DOIUrl":"https://doi.org/10.4314/MLR.V6I1.2","url":null,"abstract":"Good corporate governance is an important pillar of the market economy and it enhances investor confidence. A strong and balanced board of directors is necessary as a supervising body for the executive management of a company with dispersed ownership. The Ethiopian company law does not have adequate legislative provisions on governance issues related to the separation of supervision and management responsibilities, and on the composition, independence and remuneration of board of directors in share companies. Besides, the draft Commercial Code has not yet been finalized. This article critically examines Ethiopia’s company law with specific reference to the powers, composition and remuneration of board of directors in light of internationally recognized best practices and principles of corporate governance. It argues that there is a need to distinguish between corporate governance and corporate management in Ethiopian company law, and that the board should be suitably composed of non-executive and truly independent members who should be professionally competent. Furthermore, directors’ remuneration should be incentive-oriented based on company and individual best performance, subject to the caveat against excessive amounts of remuneration that go beyond the achievement of this purpose.","PeriodicalId":256682,"journal":{"name":"CGN: Board Decision-Making (Topic)","volume":"2014 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128063166","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 20