Evaluate The Importance Of The Board Of Directors To The Corporate Governance Of Large Listed UK Firms. Provide Examples Of Good And Poor Corporate Governance To Support Your Answers.
Evaluate The Importance Of The Board Of Directors To The Corporate Governance Of Large Listed UK Firms. Provide Examples Of Good And Poor Corporate Governance To Support Your Answers.
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RUNNING HEAD Finance, Accounting, and Banking
Importance of the board of directors to the corporate governance of large listed UK firms
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Importance of the board of directors to the corporate governance of large listed UK firms
Introduction
Corporate governance is defined as a system that deals with different regulations, procedures of business and rules, dealing in a fair and balanced approach to work. Corporate governance also deals with the interior issues that are faced by an organization, describes by the shareholders or the other officials ADDIN ZOTERO_ITEM CSL_CITATION citationIDo5xwxDni,propertiesformattedCitation(Florackis, 2008),plainCitation(Florackis, 2008),noteIndex0,citationItemsid591,urishttp//zotero.org/users/local/6bWeQAmN/items/UJLILN7L,urihttp//zotero.org/users/local/6bWeQAmN/items/UJLILN7L,itemDataid591,typearticle-journal,container-titleInternational Journal of Managerial Finance,sourceGoogle Scholar,titleAgency costs and corporate governance mechanisms evidence for UK firms,title-shortAgency costs and corporate governance mechanisms,authorfamilyFlorackis,givenChrisostomos,issueddate-parts2008,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Florackis, 2008). It also acts as a platform for outdoor problems such as buyers regulation, costumers as well as the government ADDIN ZOTERO_ITEM CSL_CITATION citationIDBZy5B62l,propertiesformattedCitation(Merino et al., 2020),plainCitation(Merino et al., 2020),noteIndex0,citationItemsid597,urishttp//zotero.org/users/local/6bWeQAmN/items/5AY59PIZ,urihttp//zotero.org/users/local/6bWeQAmN/items/5AY59PIZ,itemDataid597,typearticle-journal,container-titleSustainability,issue1,page158,sourceGoogle Scholar,titleSustainability and Corporate Governance Transparency and Excessive Directors Remuneration in Listed Companies during the Global Financial Crisis,title-shortSustainability and Corporate Governance,volume12,authorfamilyMerino,givenElena,familyManzaneque-Lizano,givenMontserrat,familySanchez-Araque,givenJesus,issueddate-parts2020,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Merino et al., 2020). Board of directors is defined as a community comprising of members, selected by the shareholders of an organization who look into different sections of the organization such as decision making, voting and performs some major farm duties. The board of directors tends to govern the organization by meeting at regular intervals and set policies that can ensure corporate management ADDIN ZOTERO_ITEM CSL_CITATION citationIDMgnyOD5a,propertiesformattedCitation(Allegrini Greco, 2013),plainCitation(Allegrini Greco, 2013),noteIndex0,citationItemsid594,urishttp//zotero.org/users/local/6bWeQAmN/items/35A9DGHE,urihttp//zotero.org/users/local/6bWeQAmN/items/35A9DGHE,itemDataid594,typearticle-journal,container-titleJournal of Management Governance,issue1,page187216,sourceGoogle Scholar,titleCorporate boards, audit committees and voluntary disclosure Evidence from Italian listed companies,title-shortCorporate boards, audit committees and voluntary disclosure,volume17,authorfamilyAllegrini,givenMarco,familyGreco,givenGiulio,issueddate-parts2013,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Allegrini Greco, 2013). Board of Directors regulate structures, roles, responsibilities and processes that are central to the working of an organization, guided by corporate governance
Discussion
Organization does not exist in a vacuum, they are interrelated with different interest groups such as shareholders and the stakeholders, government, regulatory bodies, and the general public. The United Kingdom adopts an Anglo Saxon, also called outsider dominated system of corporate governance ADDIN ZOTERO_ITEM CSL_CITATION citationIDhFFv1Q8a,propertiesformattedCitation(Florackis, 2008),plainCitation(Florackis, 2008),noteIndex0,citationItemsid591,urishttp//zotero.org/users/local/6bWeQAmN/items/UJLILN7L,urihttp//zotero.org/users/local/6bWeQAmN/items/UJLILN7L,itemDataid591,typearticle-journal,container-titleInternational Journal of Managerial Finance,sourceGoogle Scholar,titleAgency costs and corporate governance mechanisms evidence for UK firms,title-shortAgency costs and corporate governance mechanisms,authorfamilyFlorackis,givenChrisostomos,issueddate-parts2008,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Florackis, 2008). This system is designed to facilitate ownership of the corporate equity that is dispersed in different shareholders or investors. Transparency of actions of these interrelated bodies demands a platform of check and balance. Board of Directors selects a company of few members who are appointed to ensure the prosperity of company by directing the companys affairs, along with adhering to the interest of stakeholders and shareholders. It would not be wrong to say that the board of directors play a central role in corporate governance because modern corporation has a dispersed ownership structure, which demands attention ADDIN ZOTERO_ITEM CSL_CITATION citationIDBZy5B62l,propertiesformattedCitation(Merino et al., 2020),plainCitation(Merino et al., 2020),noteIndex0,citationItemsid597,urishttp//zotero.org/users/local/6bWeQAmN/items/5AY59PIZ,urihttp//zotero.org/users/local/6bWeQAmN/items/5AY59PIZ,itemDataid597,typearticle-journal,container-titleSustainability,issue1,page158,sourceGoogle Scholar,titleSustainability and Corporate Governance Transparency and Excessive Directors Remuneration in Listed Companies during the Global Financial Crisis,title-shortSustainability and Corporate Governance,volume12,authorfamilyMerino,givenElena,familyManzaneque-Lizano,givenMontserrat,familySanchez-Araque,givenJesus,issueddate-parts2020,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Merino et al., 2020). Also, due to the increased complexity of businesses and globalization, there is more reliance on the private sector which is serving as an engine of growth in both, developed and developing countries, demanding regulations for centralization. According to Moursli (2020), Corporate governance addresses the issues that are faced by the board of directors ADDIN ZOTERO_ITEM CSL_CITATION citationIDkLdr9w8k,propertiesformattedCitation(Moursli, 2020),plainCitation(Moursli, 2020),noteIndex0,citationItemsid600,urishttp//zotero.org/users/local/6bWeQAmN/items/WFB9GBK2,urihttp//zotero.org/users/local/6bWeQAmN/items/WFB9GBK2,itemDataid600,typearticle-journal,container-titleCorporate Governance An International Review,issue1,page2346,sourceGoogle Scholar,titleThe effects of board independence on busy directors and firm value Evidence from regulatory changes in Sweden,title-shortThe effects of board independence on busy directors and firm value,volume28,authorfamilyMoursli,givenReda M.,issueddate-parts2020,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Moursli, 2020). The context of this quotation asserts that the roles and activities of the company are regulated by the Board of Directors, so the level of interface set by the directors decipher the quality of governance. It is highlighted that the corporate governance plays a major role in bringing orders and balance in the decision-making process of the company by assigning responsibilities to some particular determinants ADDIN ZOTERO_ITEM CSL_CITATION citationID2nOtj4li,propertiesformattedCitation(Moursli, 2020),plainCitation(Moursli, 2020),noteIndex0,citationItemsid600,urishttp//zotero.org/users/local/6bWeQAmN/items/WFB9GBK2,urihttp//zotero.org/users/local/6bWeQAmN/items/WFB9GBK2,itemDataid600,typearticle-journal,container-titleCorporate Governance An International Review,issue1,page2346,sourceGoogle Scholar,titleThe effects of board independence on busy directors and firm value Evidence from regulatory changes in Sweden,title-shortThe effects of board independence on busy directors and firm value,volume28,authorfamilyMoursli,givenReda M.,issueddate-parts2020,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Moursli, 2020). Corporate governance behooves a company to maintain a focus on the mission and vision of the company.
Ullah Kamal (2020), found corporate governance as a constant state of evaluation that is a positive response to the changes in the financial marketplace, where it is highlighted that the board must adapt as well as respond to the opportunities and risks proposed ADDIN ZOTERO_ITEM CSL_CITATION citationIDn1aHUeBL,propertiesformattedCitation(Ullah Kamal, 2020),plainCitation(Ullah Kamal, 2020),noteIndex0,citationItemsid602,urishttp//zotero.org/users/local/6bWeQAmN/items/V5WSKYUT,urihttp//zotero.org/users/local/6bWeQAmN/items/V5WSKYUT,itemDataid602,typearticle-journal,container-titleGlobal Business Review,page0972150919876520,sourceGoogle Scholar,titleCorporate Governance, Political Connections and Firm Performance The Role of Political Regimes and Size,title-shortCorporate Governance, Political Connections and Firm Performance,authorfamilyUllah,givenSabeeh,familyKamal,givenYasir,issueddate-parts2020,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Ullah Kamal, 2020). There are both, positive and negative connotations found associated with the board of directors where at times, it is a strength to the corporate governance and the other time, corporate governance is accountability for the board of directors to ensure the welfare of the companies. There are different aspects and dimensions of these connotations such as economic transparency, ethical considerations, and choice of the best fit, etc.
Under the impact of corporate governance, the board of directors is managed to take into account that a lineage is created in which one department is briefed by the other who is positioned above it ADDIN ZOTERO_ITEM CSL_CITATION citationID8zu13IsL,propertiesformattedCitation(Esqueda Ouc0u8217Connor, 2020),plainCitation(Esqueda OConnor, 2020),noteIndex0,citationItemsid604,urishttp//zotero.org/users/local/6bWeQAmN/items/46Y9FIJW,urihttp//zotero.org/users/local/6bWeQAmN/items/46Y9FIJW,itemDataid604,typearticle-journal,container-titleResearch in International Business and Finance,page101077,sourceGoogle Scholar,titleCorporate governance and life cycles in emerging markets,volume51,authorfamilyEsqueda,givenOmar A.,familyOConnor,givenThomas,issueddate-parts2020,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Esqueda OConnor, 2020). Corporate governance ensures that the goals and role classification framed by the board of directors are fulfilled. Accounting jugglery as well as a display of profit snobs that the short-term gains of the company are regulated ADDIN ZOTERO_ITEM CSL_CITATION citationIDZVWU21bK,propertiesformattedCitation(Ji et al., 2020),plainCitation(Ji et al., 2020),noteIndex0,citationItemsid607,urishttp//zotero.org/users/local/6bWeQAmN/items/TMM9BRYR,urihttp//zotero.org/users/local/6bWeQAmN/items/TMM9BRYR,itemDataid607,typearticle-journal,container-titleReview of Quantitative Finance and Accounting,page142,sourceGoogle Scholar,titleFrequencies of board meetings on various topics and corporate governance evidence from China,title-shortFrequencies of board meetings on various topics and corporate governance,authorfamilyJi,givenJiao,familyTalavera,givenOleksandr,familyYin,givenShuxing,issueddate-parts2020,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Ji et al., 2020). Adhering to the corporate governance exposes the unethical policies along with different mismanagements of the CEO as well as the other directors of the company because it determined the excessive ruminations that are given either to the CEO or the directors ADDIN ZOTERO_ITEM CSL_CITATION citationIDWtt583LJ,propertiesformattedCitation(Kao et al., 2019),plainCitation(Kao et al., 2019),noteIndex0,citationItemsid610,urishttp//zotero.org/users/local/6bWeQAmN/items/FBPHH73Q,urihttp//zotero.org/users/local/6bWeQAmN/items/FBPHH73Q,itemDataid610,typearticle-journal,container-titleCorporate Governance The International Journal of Business in Society,sourceGoogle Scholar,titleOwnership structure, board of directors and firm performance evidence from Taiwan,title-shortOwnership structure, board of directors and firm performance,authorfamilyKao,givenMao-Feng,familyHodgkinson,givenLynn,familyJaafar,givenAziz,issueddate-parts2019,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Kao et al., 2019). Thus, corporate governance improves, relations and investors confidence, the remedial actions decipher the management and the elements of fraud. The introduction of corporate governance has public snob value where the companies followed by corporate governance are treated by the investors and the general public who is forward-looking and prosperous ADDIN ZOTERO_ITEM CSL_CITATION citationIDc1KTQgYn,propertiesformattedCitation(Kao et al., 2019),plainCitation(Kao et al., 2019),noteIndex0,citationItemsid610,urishttp//zotero.org/users/local/6bWeQAmN/items/FBPHH73Q,urihttp//zotero.org/users/local/6bWeQAmN/items/FBPHH73Q,itemDataid610,typearticle-journal,container-titleCorporate Governance The International Journal of Business in Society,sourceGoogle Scholar,titleOwnership structure, board of directors and firm performance evidence from Taiwan,title-shortOwnership structure, board of directors and firm performance,authorfamilyKao,givenMao-Feng,familyHodgkinson,givenLynn,familyJaafar,givenAziz,issueddate-parts2019,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Kao et al., 2019). This stance can be seen in the cases of Satyam and Sun groups, where society is investing its resources in the company and now it is the responsibility of the company to provide a clear and honest performance account. It would not be wrong to say that the board of directors are the tools or the representative of the corporate governance because the transparency by the corporate governance flow with the support of the board of directors.
It is highlighted that the Cadbury Committee has played a major role in laying the foundation of corporate governance practices in the United Kingdom as well as in other countries ADDIN ZOTERO_ITEM CSL_CITATION citationIDLHPGuKof,propertiesformattedCitation(Kavadis Castauc0u241er, 2019),plainCitation(Kavadis Castaer, 2019),noteIndex0,citationItemsid612,urishttp//zotero.org/users/local/6bWeQAmN/items/P9M46KRH,urihttp//zotero.org/users/local/6bWeQAmN/items/P9M46KRH,itemDataid612,typechapter,container-titleResearch Handbook on Boards of Directors,publisherEdward Elgar Publishing,sourceGoogle Scholar,titleInstitutions, governance, and strategy in a changing global landscape The case of boards of directors in large listed firms in France,title-shortInstitutions, governance, and strategy in a changing global landscape,authorfamilyKavadis,givenNikolaos,familyCastaer,givenXavier,issueddate-parts2019,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Kavadis Castaer, 2019). There are a number of committees such as Myner Report and Higgs Report that has refined the corporate governance practices in the United Kingdom ADDIN ZOTERO_ITEM CSL_CITATION citationIDNsQMhsuO,propertiesformattedCitation(Kavadis Castauc0u241er, 2019),plainCitation(Kavadis Castaer, 2019),noteIndex0,citationItemsid612,urishttp//zotero.org/users/local/6bWeQAmN/items/P9M46KRH,urihttp//zotero.org/users/local/6bWeQAmN/items/P9M46KRH,itemDataid612,typechapter,container-titleResearch Handbook on Boards of Directors,publisherEdward Elgar Publishing,sourceGoogle Scholar,titleInstitutions, governance, and strategy in a changing global landscape The case of boards of directors in large listed firms in France,title-shortInstitutions, governance, and strategy in a changing global landscape,authorfamilyKavadis,givenNikolaos,familyCastaer,givenXavier,issueddate-parts2019,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Kavadis Castaer, 2019). According to Merendino Melville (2019), the companies in the United States has been scored lower as compared to the United Kingdom. The average score was found to be 12 because it is observed that the companies in the United Kingdom have a better working board of directors ADDIN ZOTERO_ITEM CSL_CITATION citationIDwACMZytn,propertiesformattedCitation(Merendino Melville, 2019),plainCitation(Merendino Melville, 2019),noteIndex0,citationItemsid614,urishttp//zotero.org/users/local/6bWeQAmN/items/Y995CU7L,urihttp//zotero.org/users/local/6bWeQAmN/items/Y995CU7L,itemDataid614,typearticle-journal,container-titleCorporate Governance The International Journal of Business in Society,sourceGoogle Scholar,titleThe board of directors and firm performance empirical evidence from listed companies,title-shortThe board of directors and firm performance,authorfamilyMerendino,givenAlessandro,familyMelville,givenRob,issueddate-parts2019,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Merendino Melville, 2019).
There is a two-way relationship between the directors and the corporate governance, taking into account that the companies are either driven by or are managed under the impact of corporate governance. The board of directors is managed under the principles of corporate governance, which are the hallmark of the code of conduct. These principles are ethics, transparency, trusteeship, accountability, and empowerment. The accountability loss, appeared in the form of Satyam Scandal, Bernie Madoff Scandal and Freddie Mac are significant to analyze the role of corporate governance. In the same way, HealthSouth Scandal, Tyco Scandal, and Enron Scandal are also worth reading and worth discussion, highlighting how issues in the board of directors can be a threat to the overall profile of the company ADDIN ZOTERO_ITEM CSL_CITATION citationIDjexQuOtT,propertiesformattedCitation(Merendino Melville, 2019),plainCitation(Merendino Melville, 2019),noteIndex0,citationItemsid614,urishttp//zotero.org/users/local/6bWeQAmN/items/Y995CU7L,urihttp//zotero.org/users/local/6bWeQAmN/items/Y995CU7L,itemDataid614,typearticle-journal,container-titleCorporate Governance The International Journal of Business in Society,sourceGoogle Scholar,titleThe board of directors and firm performance empirical evidence from listed companies,title-shortThe board of directors and firm performance,authorfamilyMerendino,givenAlessandro,familyMelville,givenRob,issueddate-parts2019,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Merendino Melville, 2019).
In the same way, the Board of Directors is guided and then behooved to adhere to the code of conduct under the impact of corporate governance. This can be analyzed by the evaluation of the companies such as HSBC having a board of directors that adhere to the principles promoted by corporate governance. The board of directors tends to secure the interest of the shareholders by setting up a complete corporation ADDIN ZOTERO_ITEM CSL_CITATION citationIDJphlRIzZ,propertiesformattedCitation(Ji et al., 2020),plainCitation(Ji et al., 2020),noteIndex0,citationItemsid607,urishttp//zotero.org/users/local/6bWeQAmN/items/TMM9BRYR,urihttp//zotero.org/users/local/6bWeQAmN/items/TMM9BRYR,itemDataid607,typearticle-journal,container-titleReview of Quantitative Finance and Accounting,page142,sourceGoogle Scholar,titleFrequencies of board meetings on various topics and corporate governance evidence from China,title-shortFrequencies of board meetings on various topics and corporate governance,authorfamilyJi,givenJiao,familyTalavera,givenOleksandr,familyYin,givenShuxing,issueddate-parts2020,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Ji et al., 2020). According to Ji (2016), it is found that the success of the companies such as Tesco having a market capital of 16.6 Billion, Royal Dutch Shell having a market capital of 189.3 Billion and Unilever having a market capital of 58.5 Billion, is just a description of a compact system of code of conduct but it is the product of hierarchal accountability transferred form board of directors and the corporate governance ADDIN ZOTERO_ITEM CSL_CITATION citationIDXQpVZbg7,propertiesformattedCitation(Ji et al., 2020),plainCitation(Ji et al., 2020),noteIndex0,citationItemsid607,urishttp//zotero.org/users/local/6bWeQAmN/items/TMM9BRYR,urihttp//zotero.org/users/local/6bWeQAmN/items/TMM9BRYR,itemDataid607,typearticle-journal,container-titleReview of Quantitative Finance and Accounting,page142,sourceGoogle Scholar,titleFrequencies of board meetings on various topics and corporate governance evidence from China,title-shortFrequencies of board meetings on various topics and corporate governance,authorfamilyJi,givenJiao,familyTalavera,givenOleksandr,familyYin,givenShuxing,issueddate-parts2020,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Ji et al., 2020). The connectivity and the positive bonding between the board of directors and corporate governance can be well understood by analyzing the four Ps, representing people, purpose, process, and performance. Then, the stance of these Ps can be evaluated in the progress of BP as well, which has been progression and onboard since 1909.
Elmagrhi (2016), quoted that good corporate governance relies on the distinct difference in the roles and duties of different managers and directors ADDIN ZOTERO_ITEM CSL_CITATION citationIDIpmas1Jx,propertiesformattedCitation(Elmagrhi et al., 2016),plainCitation(Elmagrhi et al., 2016),noteIndex0,citationItemsid622,urishttp//zotero.org/users/local/6bWeQAmN/items/CUXDFBI4,urihttp//zotero.org/users/local/6bWeQAmN/items/CUXDFBI4,itemDataid622,typearticle-journal,container-titleCorporate Governance,sourceGoogle Scholar,titleAntecedents of voluntary corporate governance disclosure A post-2007/08 financial crisis evidence from the influential UK Combined Code,title-shortAntecedents of voluntary corporate governance disclosure,authorfamilyElmagrhi,givenMohamed H.,familyNtim,givenCollins G.,familyWang,givenYan,issueddate-parts2016,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Elmagrhi et al., 2016). Board tend to regulate the duties to board committees, the corporate boards are the subset of the full board, they are more like representatives. It is also found that the committees tend to devote their potent resources as well as time to make decisions that can prove effective in the long run. Several risks such as economic, operational, acquisition, compliance dispositional, disclosure, infrastructure, reputational and technological issues are mitigated by affirming that there is adequate financial reporting, litigation, positive work environment, and prevalence of ethics ADDIN ZOTERO_ITEM CSL_CITATION citationIDtK0c9Rg5,propertiesformattedCitation(Allegrini Greco, 2013),plainCitation(Allegrini Greco, 2013),noteIndex0,citationItemsid594,urishttp//zotero.org/users/local/6bWeQAmN/items/35A9DGHE,urihttp//zotero.org/users/local/6bWeQAmN/items/35A9DGHE,itemDataid594,typearticle-journal,container-titleJournal of Management Governance,issue1,page187216,sourceGoogle Scholar,titleCorporate boards, audit committees and voluntary disclosure Evidence from Italian listed companies,title-shortCorporate boards, audit committees and voluntary disclosure,volume17,authorfamilyAllegrini,givenMarco,familyGreco,givenGiulio,issueddate-parts2013,schemahttps//github.com/citation-style-language/schema/raw/master/csl-citation.json (Allegrini Greco, 2013).
Conclusion
In the wake of the meltdown of great companies such as Tyco, WorldCom, and Adelphia, it is highlighted that companies board was a major point of criticism and attention. Although there was an inconceivable scenario presented affirming that the business disasters of such companies were no doubt a historical tension but on the same board, it emphasizes the significance of board of directors guided by corporate governance (Miroshnychenko et al., 2018). The reason behind this anthology is found in the fact that even the close examination of such boards shared that there was no prominent or evident pattern of incompetence or corruption. There is a dire need for following an accepted standard for board operation and these standards are designed by corporate governance. In a nutshell, the board of directors is central to corporate governance to ensure the positive growth and wellbeing of the companies, along with a reduced threat to economic, social and ethical issues.
References
ADDIN ZOTERO_BIBL uncited,omitted,custom CSL_BIBLIOGRAPHY Allegrini, M., Greco, G. (2013). Corporate boards, audit committees and voluntary disclosure Evidence from Italian listed companies. Journal of Management Governance, 17(1), 187216.
Elmagrhi, M. H., Ntim, C. G., Wang, Y. (2016). Antecedents of voluntary corporate governance disclosure A post-2007/08 financial crisis evidence from the influential UK Combined Code. Corporate Governance.
Esqueda, O. A., OConnor, T. (2020). Corporate governance and life cycles in emerging markets. Research in International Business and Finance, 51, 101077.
Florackis, C. (2008). Agency costs and corporate governance mechanisms Evidence for UK firms. International Journal of Managerial Finance.
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Kao, M.-F., Hodgkinson, L., Jaafar, A. (2019). Ownership structure, board of directors and firm performance Evidence from Taiwan. Corporate Governance The International Journal of Business in Society.
Kavadis, N., Castaer, X. (2019). Institutions, governance, and strategy in a changing global landscape The case of boards of directors in large listed firms in France. In Research Handbook on Boards of Directors. Edward Elgar Publishing.
Merendino, A., Melville, R. (2019). The board of directors and firm performance Empirical evidence from listed companies. Corporate Governance The International Journal of Business in Society.
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Miroshnychenko, I., Barontini, R., Testa, F. (2018). Corporate governance and environmental performance A systematic overview. Ethics, ESG, and Sustainable Prosperity World Scientific Publishing Singapore.
Moursli, R. M. (2020). The effects of board independence on busy directors and firm value Evidence from regulatory changes in Sweden. Corporate Governance An International Review, 28(1), 2346.
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