Distinguished participants,ladies and grntlemen:It gives me great pleasure,on behalf of the United Nations Ecomomic and Social Commission for Asia and the Pacific, to join you today at
This paper tries to find out whether some individual concerns will affect the behaviors of independent directors, specifically voting against proposals during the board meeting.We analyze career concern,compensation c...This paper tries to find out whether some individual concerns will affect the behaviors of independent directors, specifically voting against proposals during the board meeting.We analyze career concern,compensation concern,reputation concern and term concern.The results show that individual director with longer career horizon,who is better compensated,with less board seats in other firms,and whose term is earlier than that of the board chairman is more likely to dissent.展开更多
文摘Distinguished participants,ladies and grntlemen:It gives me great pleasure,on behalf of the United Nations Ecomomic and Social Commission for Asia and the Pacific, to join you today at
文摘This paper tries to find out whether some individual concerns will affect the behaviors of independent directors, specifically voting against proposals during the board meeting.We analyze career concern,compensation concern,reputation concern and term concern.The results show that individual director with longer career horizon,who is better compensated,with less board seats in other firms,and whose term is earlier than that of the board chairman is more likely to dissent.
