Trends in Corporate Governance

Hermalin, Benjamin E.

doi:10.2139/ssrn.441360

Abstract

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Trends in Corporate Governance

Benjamin E. Hermalin

University of California, Berkeley

September 3, 2003

Abstract:
The popular press and scholarly studies have noted a number of trends in corporate governance. This paper addresses the broad question of whether these trends are linked. And, if so, how; The paper finds that a trend toward greater board diligence will lead to trends toward more external candidates becoming CEO, shorter tenures for CEOs, more effort being expended by CEOs (equivalently less perquisite consumption), and greater CEO compensation.

Number of Pages in PDF File: 28

Keywords: Board of directors, monitoring, CEO tenure and compensation

JEL Classification: G34, L22, M51, M52

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Date posted: October 9, 2003

Suggested Citation

Hermalin, Benjamin E., Trends in Corporate Governance (September 3, 2003). Available at SSRN: http://ssrn.com/abstract=441360 or http://dx.doi.org/10.2139/ssrn.441360

Contact Information

Benjamin E. Hermalin (Contact Author)

University of California, Berkeley ( email )

545 Student Services Building
Berkeley, CA 94720
United States
510-642-7575 (Phone)
510-643-1420 (Fax)