scholarly journals The Composition Of Corporate Boards Of Directors: Pre- And Post-Sarbanes-Oxley

2011 ◽  
Vol 9 (2) ◽  
Author(s):  
Dan Marlin ◽  
Scott W. Geiger
Keyword(s):  
Boards Of Directors ◽  
Future Research ◽  
Corporate Boards ◽  
Font Size ◽  
Corporate Board ◽  
Publicly Traded ◽  
Board Characteristics ◽  
Sarbanes Oxley ◽  
Publicly Traded Firms

<p class="MsoNormalCxSpFirst" style="text-align: justify; margin: 0in 0.5in 0pt; mso-pagination: none; mso-add-space: auto;"><span style="color: black; font-size: 10pt; mso-themecolor: text1;"><span style="font-family: Times New Roman;">The purpose of this study is to examine corporate board characteristics pre- and post-Sarbanes-Oxley.<span style="mso-spacerun: yes;">&nbsp;&nbsp; </span>More specifically, using a sample 1141 US publicly traded firms, board characteristics were identified and then changes in these characteristics were examined across the years 2001, 2004, and 2007.<span style="mso-spacerun: yes;">&nbsp; </span>Our analyses reveal significant changes in 8 of 10 board characteristics examined.<span style="mso-spacerun: yes;">&nbsp; </span>Implications and areas for future research are discussed.</span></span></p>

scholarly journals The Composition Of Corporate Boards Of Directors: Does Industry Matter?

2012 ◽  
Vol 10 (3) ◽  
pp. 157 ◽  
Author(s):  
Dan Marlin ◽  
Scott W. Geiger
Keyword(s):  
Boards Of Directors ◽  
Retail Trade ◽  
Future Research ◽  
Corporate Boards ◽  
Font Size ◽  
Corporate Board ◽  
Publicly Traded ◽  
Trade Finance ◽  
Board Characteristics ◽  
Publicly Traded Firms

<span style="font-family: Times New Roman; font-size: small;"> </span><p style="margin: 0in 0.5in 0pt; text-align: justify; mso-pagination: none; mso-add-space: auto;" class="MsoNormalCxSpFirst"><span style="color: black; font-size: 10pt;"><span style="font-family: Times New Roman;">The purpose of this study is to identify and examine differences in corporate board characteristics across four industries.<span style="mso-spacerun: yes;"> </span>Using a sample of 2592 US publicly traded firms, eleven board characteristics were identified and then examined across manufacturing, retail trade, finance/insurance, and services industries.<span style="mso-spacerun: yes;"> </span>Our analyses revealed significant differences in each of the eleven board characteristics examined.<span style="mso-spacerun: yes;"> </span>Implications and areas for future research are discussed.</span></span></p><span style="font-family: Times New Roman; font-size: small;"> </span>

The Short-Term and Long-Term Impacts of Sarbanes-Oxley Act on Composition and Characteristics of Corporate Board of Directors

2015 ◽  
Vol 5 (4) ◽  
Author(s):  
Halil Kaya ◽  
Gaurango Banerjee
Keyword(s):  
Board Composition ◽  
Corporate Boards ◽  
Corporate Accountability ◽  
Corporate Board ◽  
Short Term ◽  
Dual Roles ◽  
Board Characteristics ◽  
Sarbanes Oxley ◽  
Over Time

The paper examines the Sarbanes-Oxley (2002) Acts immediate impact on board composition and characteristics as well as possible reversals in its impact over time. Effects on directors age and tenure are analyzed over the 2001-06 sample period. Female participation in corporate boards is also studied in the pre-SOX and post-SOX periods. The dual roles of directors in being a member of the board as well as serving as either CEO, CFO, Chairman, Co-Chair, Founder, or Lead Director of their respective companies is also examined. We observe a short-term impact of SOX on board compositions due to changes seen in board characteristics between 2001 (pre-SOX), and 2003-05 short-term period (post-SOX). Also, we observe a reversal of board characteristics in 2006 to pre-SOX levels implying that the effects of SOX on board composition were short-lived, and needs to be monitored over time to ensure adherence to corporate accountability guidelines over the long-term.

scholarly journals Board Composition, Structure, And Financial Performance: An Update

2011 ◽  
Vol 23 (4) ◽  
Author(s):  
Kevin Bosner
Keyword(s):  
Meta Analysis ◽  
Future Research ◽  
Corporate Boards ◽  
Font Size ◽  
Corporate Scandals ◽  
Sarbanes Oxley ◽  
Fortune 100 ◽  
Composition Structure ◽  
Work Done

<p class="MsoBodyText2" style="text-align: justify; line-height: normal; margin: 0in 34.8pt 0pt 0.5in;"><span style="font-family: &quot;Times New Roman&quot;,&quot;serif&quot;; font-size: 10pt; mso-bidi-font-style: italic;">In 1998, a meta-analysis of over 60 empirical research studies concluded that there was no demonstrable evidence that either Board of Directors structure or the duality of CEO/Board Chairman roles significantly impacted corporate performance.<span style="mso-spacerun: yes;">&nbsp; </span>This article looks at research done since that time, in light of Enron and other corporate scandals as well as the Sarbanes-Oxley Act of 2002 and the increasing diversity of corporate boards.<span style="mso-spacerun: yes;">&nbsp; </span>Four additional studies, including follow-up work done by the authors of the 1998 meta-analysis, are compared and contrasted. In addition, the results of direct research on twenty Fortune 100 companies is presented. Finally, suggestions for future research in terms of both topic and methodology are provided, along with this author&rsquo;s learnings from the project.</span></p>

Boards of directors in Russian publicly traded companies: the gender aspect

2018 ◽  
pp. 142-155 ◽  
Author(s):  
T. A. Garanina ◽  
A. A. Muravyev
Keyword(s):  
Boards Of Directors ◽  
Company Performance ◽  
Corporate Boards ◽  
Publicly Traded ◽  
Publicly Traded Companies ◽  
Representation Of Women ◽  
Female Directors ◽  
Female Director ◽  
Gender Aspect ◽  
Longitudinal Dataset

This article studies the gender composition of corporate boards of Russian companies, including its relation to company performance. The analysis is based on a unique longitudinal dataset of virtually all Russian companies whose shares were traded on the stock market in 1998-2014. It shows a relatively small representation of women, just 12% of all the seats, while about 40% of the companies did not have any female director. At the same time, both the share of companies that appoint female directors and the share of female directors on boards show a clear upward trend. The econometric analysis suggests a positive link between the presence of female directors on boards and company performance, especially when firms appoint several, rather than one, female directors.

scholarly journals Executive compensation and board of directors’ disclosure in Canadian publicly-listed corporations

2013 ◽  
Vol 10 (3) ◽  
pp. 188-199 ◽  
Author(s):  
Martin Spraggon ◽  
Virginia Bodolica ◽  
Tor Brodtkorb
Keyword(s):  
Corporate Governance ◽  
Executive Compensation ◽  
Boards Of Directors ◽  
Corporate Boards ◽  
Publicly Traded ◽  
Information Transparency ◽  
Publicly Traded Companies ◽  
Listed Firms ◽  
Reporting Practices ◽  
Governance Regime

This article contributes to the growing body of literature exploring the important role that information transparency plays in strengthening the national corporate governance regime. We review the 2007 amendments to the Canadian reporting legislation with the particular emphasis on sections pertaining to executive compensation and boards of directors. Taking into consideration the specificities of the „comply-or-explain‟ system in Canada, we seek to uncover the extent to which publicly-listed firms comply with these newly amended standards of corporate governance reporting. Based on a comparison of 403 proxy circulars issued in the post-amendment period, we identified important cross-firm variations in the type and format of disclosed information on executive compensation and corporate boards of directors. In order to address the problems that inter-organizational disclosure discrepancies generate for governance researchers and analysts, we provide several recommendations on how Canadian publicly-traded companies can improve their reporting practices

Likely Effects of Stock Exchange Governance Proposals and Sarbanes-Oxley on Corporate Boards and Financial Reporting

2003 ◽  
Vol 17 (4) ◽  
pp. 343-355 ◽  
Author(s):  
April Klein
Keyword(s):  
New York ◽  
Corporate Governance ◽  
Financial Reporting ◽  
Boards Of Directors ◽  
Stock Exchange ◽  
Historical Context ◽  
Audit Committees ◽  
Corporate Boards ◽  
Sarbanes Oxley ◽  
Nominating Committees

One of the primary aims of the Sarbanes-Oxley Act of 2002, the New York Stock Exchange, and the NASDAQ corporate governance proposals is to improve the reporting systems for publicly traded companies. Many of the exchange proposals redefine the composition and duties of firms' boards of directors and their compensation and nominating committees. Sarbanes-Oxley places new duties on audit committees and provides oversight and restraints on public accounting companies. This paper describes many of the exchange proposals and puts them in their historical context. I also present the likely effects of the new corporate governance proposals on future boards of directors and assess their impact on the financial reporting system.

Factors influencing attainment of CEO position for women

2016 ◽  
Vol 31 (4) ◽  
pp. 250-265 ◽  
Author(s):  
Dene Hurley ◽  
Amod Choudhary
Keyword(s):  
Future Research ◽  
Net Income ◽  
Test Statistic ◽  
Publicly Traded ◽  
Firm Level ◽  
Content Type ◽  
Number Of Children ◽  
Starting Point ◽  
The Usa ◽  
Publicly Traded Firms

Purpose This paper aims to determine possible differences in causes or characteristics between men and women in attaining the CEO position in large publicly listed companies in the USA. Design/methodology/approach T-test statistic, correlation analyses and logit model were used to determine the role individual factors (tenure in management roles, age of CEOs, number of children, years of education) and the firm-level factor (number of employees, net income) play in determining the likelihood of having a female CEO. Findings The research results show that years of education, the number of children and the number of employees in the business play significant roles in determining the likelihood of having a female CEO. An increase in the number of children and years spent in education lower the probability of the CEO being a woman, while having greater number of employees raises the likelihood of having a woman CEO. Research limitations/implications The findings are applicable to only the largest publicly traded firms in the USA and are not applicable to mid to small publicly listed, private or non-for-profit companies or institutions. This research is a starting point for future research of women and men CEOs of small and mid-size publicly traded and non-publicly traded firms in the USA. Originality/value Prior research has shown that having children is detrimental for women in management positions; this research specifically identifies this problem for the CEO position. It also reveals that having more of education does not translate to getting to the CEO position for women.

scholarly journals Family involvement in publicly traded firms and firm performance: a meta-analysis

2018 ◽  
Vol 41 (2) ◽  
pp. 225-251 ◽  
Author(s):  
Vas Taras ◽  
Esra Memili ◽  
Zhonghui Wang ◽  
Henrik Harms
Keyword(s):  
Firm Performance ◽  
Family Involvement ◽  
Organizational Design ◽  
Family Firms ◽  
Meta Analysis ◽  
Past Research ◽  
Future Research ◽  
Publicly Traded ◽  
Content Type ◽  
Publicly Traded Firms

Purpose This study aims to investigate the effects of family involvement in corporations on firm performance. It remains unclear whether family-owned companies, or companies with other forms of family involvement in the corporate governance, perform better than firms with no family involvement. Furthermore, the study focuses on family involvement in publicly traded firms, which are different from private family firms. Hence, knowledge about family firms will be enriched through a closer look at the publicly traded family firms and shed further light onto the heterogeneity among family firms. Design/methodology/approach The present study uses a meta-analysis of the extant research on family involvement and publicly traded family firm performance. The authors synthesize past research, identify and reconcile mixed findings and expand the understanding of the phenomenon. Findings Involvement of the founding family members in firm governance tends to improve firm performance, albeit the effect is rather weak. However, the effect varies greatly depending on the type of family involvement and the measure of performance. The authors also identify regional differences, as well as variations by the firm size and study design. Furthermore, under-researched areas are identified for future research. Practical implications The results of the study would be useful in guiding organizational design and investment decisions. Originality/value By using the meta-analytic approach, the present study provides a comprehensive review of the empirical evidence available on the issue so far. Most importantly, the authors were able to conduct a series of tests to assess the moderating effects of a number of factors that could not be evaluated in any individual study in the meta-analytic database.

scholarly journals Measuring Board of Director Performance: An Overview and Future Research Opportunities1

2016 ◽  
Vol 1 (2) ◽  
pp. 39-43
Author(s):  
John Nowland
Keyword(s):  
Boards Of Directors ◽  
Future Research ◽  
Corporate Boards ◽  
Board Meeting ◽  
Developed Markets ◽  
Board Of Director

This article provides a brief overview of the literature on board of director performance, highlighting the difficulties in attempting to directly measure the performance of boards of directors and how various studies have tackled this challenge. As an illustration, I show that two current measures of board of director performance, board meeting activity and director attendance, suggest that the boards of Asian firms do not compare favorably to the boards of firms from developed markets. Suggestions for future research on the performance of corporate boards are provided, as well as implications for board of director practices in Asia.

Sign in / Sign up

Export Citation Format

Share Document