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Perceptions of shareholders and directors on corporate governance: what we learn about director primacy

Perceptions of shareholders and directors on corporate governance: what we learn about director... This paper compares shareholder and director perceptions since the financial crisis on what constitutes effective corporate governance. We find three issues on which they have differing perceptions of good corporate governance: multiple directorships, provision of non‐audit services and CEO duality, and one issue on which shareholders express concern: directors' tenure. Our results highlight the need for regulations and recommendations to more subtly define good corporate governance practices in these areas. Our results also support the theory of director primacy, providing empirical evidence that this description of corporate power is accurate even for issues on which shareholders and directors differ. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Accounting & Finance Wiley

Perceptions of shareholders and directors on corporate governance: what we learn about director primacy

Accounting & Finance , Volume 60 – Apr 1, 2020

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References (67)

Publisher
Wiley
Copyright
Accounting and Finance © 2020 AFAANZ
ISSN
0810-5391
eISSN
1467-629X
DOI
10.1111/acfi.12418
Publisher site
See Article on Publisher Site

Abstract

This paper compares shareholder and director perceptions since the financial crisis on what constitutes effective corporate governance. We find three issues on which they have differing perceptions of good corporate governance: multiple directorships, provision of non‐audit services and CEO duality, and one issue on which shareholders express concern: directors' tenure. Our results highlight the need for regulations and recommendations to more subtly define good corporate governance practices in these areas. Our results also support the theory of director primacy, providing empirical evidence that this description of corporate power is accurate even for issues on which shareholders and directors differ.

Journal

Accounting & FinanceWiley

Published: Apr 1, 2020

Keywords: ; ; ;

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