37 Pages Posted: 3 Nov 2008
Date Written: March 2005
In many instances, â¬?independently mindedâ¬? top ranking executives can imposestrong discipline on their CEO, even though they are formally under his authority.This paper argues that the use of such a disciplining mechanism is a key feature ofgood corporate governance.
Suggested Citation: Suggested Citation
Landier, Augustin and Thesmar, David, Bottom-Up Corporate Governance (March 2005). NYU Working Paper No. FIN-05-011. Available at SSRN: https://ssrn.com/abstract=1294147