This, the third edition of the ECGI Research Newsletter, focuses on the important topic of boards. Sitting at the centre of everything a company does, the board is also central to corporate governance. By their nature, however, boards are diverse in structure and conduct.
Research on this broad topic is important but difficult mainly because empirically, it is not easy to look inside the boardroom. What research can do is observe the differences in board structure and behaviour. Theorising and drawing inferences from observable differences had led to considerable debate.
Some of the themes of the research covered in this newsletter are board structure and the differences between the unitary and two tier models, the dual role of boards as advisors and monitors, and company and board performance in relation to board compensation, gender diversity and the time commitment of independent directors.
See full Article, in pdf format.
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