Bottom-Up Corporate Governance
Toulouse School of Economics
NYU Working Paper No. FIN-05-011
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.
Number of Pages in PDF File: 37
Date posted: November 3, 2008