This paper presents a model of optimal control of corporate boards of directors. In particular, we determine when one would expect inside directors or outside directors to control the board, when the controlling party will delegate decision-making to the other party, the extent of communication with the deciding party, and the number of outside directors. Our model incorporates the traditional ...

The common printed circuit board (PCB) built of G10 or FR4 glass epoxy materials will easily bend under moderate forces. Almost all processes involved in populating these boards can involve bending the board many times unknowingly. High stresses transmitted to small areas of the board are of greatest concern. Manufacturing efficiencies improved by processing small PCBs as a group of multiple ci...

This study examines the relation between board characteristics and firm performance among life insurance companies in Thailand. Prior research suggests that boards of directors play a critical role in monitoring non-financial companies in Thailand. However, it is possible that board characteristics are not important in the life insurance industry due to the nature of business and the effect of ...

I extend existing theories of social influence effects on executive compensation while at the same time showing the context dependence of these effects. Using original data on German firms and a longitudinal design, results of this study suggest that the operating of social influence mechanisms depends on demographic and social similarity between CEOs and board chairs. The findings reconcile pr...

Sec. 16.1 What this part does. 16.2 Definitions. 16.3 When these procedures become available. 16.4 Summary of procedures below. 16.5 How the Board operates. 16.6 Who represents the parties. 16.7 The first steps in the appeal process: The notice of appeal and the Board’s response. 16.8 The next step in the appeal process: Preparation of an appeal file and written argument. 16.9 How the Board wil...

Due to the gap in understanding board leadership and specifically, board shared leadership, this article aims at proposing some antecedents of the emergence of board shared leadership. This article incorporates three bodies of literature: Team effectiveness, team leadership, and board management. Based on integrating several theoretical perspectives, nine propositions are developed in relation ...

Board members with multiple directorships develop reputational capital as decision experts. Prior studies based on public firms suggest that such directors would use higher quality auditors to improve the of financial reporting and, thereby, protect their capital. This study is first large-scale investigates whether influence auditor choice in setting private firms. The result indicates a signi...

Research into boards of directors has provided mixed support for the view that outside directors’ independence or leadership by an independent chair improves monitoring. In this study, we use a mic...