Which Characteristics Determine a Perfect Board of Directors? A Review of the Economic Literature
Felix Pütz
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Sozialwissenschaften, Recht, Wirtschaft / Management
Beschreibung
Academic Paper from the year 2020 in the subject Business economics - Business Management, Corporate Governance, grade: 1,3, Maastricht University, language: English, abstract: The board of directors is an important organizational institution, whose purpose is to reduce the agency problem inherited by the management of a firm. However, because of various accounting frauds and failures in corporate governance in the history of larger corporations, there is increasing public attention regarding the effectiveness of a board and how a perfect board should be designed to increase their oversight quality. Because of these many researchers investigated this topic. This paper reviews recent academic research regarding the characteristics of a perfect board of directors. Firstly, the paper analyses different board characteristics, then it investigates the importance of the composition and size of the audit committee.
Kundenbewertungen
board of directors, corporate governance, agency problem, independent outside directors, audit comittee, CEO