Abstract: We show that female directors have a significant impact on board inputs and firm outcomes. In a sample of US firms, we find that female directors have better attendance records than male directors, male directors have fewer attendance problems the more gender-diverse the board is, and women are more likely to join monitoring committees. […]
Category: Management
SONY Revival Prospects & Shareholder Meeting (BBC Interview)
SONY (6758) announced a record YEN 455 Billion (US$ 5.7 Billion) loss for financial year 2011, which ended March 31, 2012, and held the annual shareholder meeting on Wednesday.
BBC interviewed me about SONY's prospects – click here to watch the video clip.
My points in the BBC interview are:
GMI Blog – Report Shows That Combined CEO/Chairmen Cost More
The following entry appeared as part of GovernanceMetrics International’s GMI Blog. GMI is the leading independent provider of global corporate governance and ESG ratings and research. Corporate stakeholders – including leading investors, insurers, auditors, regulators and others – use GovernanceMetrics services to identify and monitor risks related to non-financial measures covering key environmental, social, governance and accounting risk factors.
“Ten Myths of “Say on Pay” （Stanford GSB Paper)
The Stanford Graduate School of Business has published an intriguing paper entitlted Ten Myths of Say on Pay –>
Questioning the Primacy of Shareholders
The NY Times published a nice little contrarian piece discussing the perceived negative effects of putting shareholders first. http://dealbook.nytimes.com/2012/06/27/challenging-the-long-held-belief-in-shareholder-value/
Would UK-Style “Red-Top” Corporate Governance Alerts” Work in Japan?
“Red-Top”Corporate Governance Alerts for Japan? (Thoughts After the “Director Boot Camp)
Codes of Corporate Governance: A Review (presented at Yale Governance Forum; good guidance for Japan?)
By Nolan Haskovec June 2012
2011 Board Practices Report, and Its Results Regarding Training
This report by Deloitte and the Society of Corporate Secretaries and Governance Professionals suggests that the vast majority of U.S boards conduct training and orientation sessions for their directors, or reimburse them for outside programs. See pages 53 and 54.
Training of Audit Committee Members in the U.S.
From Deloitte's 5/2012 Audit Committee Brief –
European Board Diversity Analysis 2010 ‒ Is it getting easier to find women on European boards? (Egon Zehnder)
With mounting pressure for a better gender balance on boards and senior executive teams, the number of women directors in many European countries is increasing steadily, but slowly. These are the results of recent research into female directors at a total of 340 companies across 17 European countries conducted by Egon Zehnder International.