Abstract
| Original language | English |
|---|---|
| Number of pages | 28 |
| Journal | Accounting and Finance |
| DOIs | |
| Publication status | Accepted/In press - Dec 2018 |
Keywords
- shareholders
- directors
- corporate governance attributes
- director primary
Cite this
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Perceptions of shareholders and directors on corporate governance : what we learn about director primacy. / Adrian, Christofer; Wright, Sue.
In: Accounting and Finance, 12.2018.Research output: Contribution to journal › Article › Research › peer-review
TY - JOUR
T1 - Perceptions of shareholders and directors on corporate governance
T2 - what we learn about director primacy
AU - Adrian, Christofer
AU - Wright, Sue
PY - 2018/12
Y1 - 2018/12
N2 - 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.
AB - 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.
KW - shareholders
KW - directors
KW - corporate governance attributes
KW - director primary
U2 - 10.1111/acfi.12418
DO - 10.1111/acfi.12418
M3 - Article
JO - Accounting and Finance
JF - Accounting and Finance
SN - 0810-5391
ER -