Leseprobe
Table of Contents
1. Introduction
2. Origins of Independent Directors
a) Why Managers Need to be Monitored by (Independent) Directors
b) Rise of Independent Directors in the US
c) Independent Non-executive Directors in the UK
3. Definition of Independence
4. The Monitoring Role of Independent Directors and Key Elements for their Effectiveness
a) Independence
b) Knowledge and Skills
c) Incentives and Engagement
5. Limitations on the Effectiveness of Independent Directors and
Proposals for Improvement
a) Appointment and Structural Bias
b) Lack of Firm-Specific Knowledge and Expertise
c) Information Asymmetries
d) Time Constraints and Multiple Directorships
e) Influence of Board Tenure on Independence
f) Free-Riding Problems
g) Incentives and Remuneration
h) Lack of Board Diversity
i) Liability and Accountability
6. Conclusion
Bibliography
- Arbeit zitieren
- Thomas Böhm (Autor:in), 2019, A critical discussion of the effectiveness of independent directors in monitoring and disciplining the senior executives in the UK and the US, München, GRIN Verlag, https://www.grin.com/document/489595
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