Until the 1970s, corporate boards were dominated by inside directors — people employed by or affiliated with the company in some way. As of 2023, Spencer Stuart research found that 85% of directors are independent. The switch came in response to a number of trends, including the distrust of American institutions after Watergate and Vietnam, and SEC rule changes that increased the importance of independent directors.
However, with few exceptions, empirical studies have found no connection between board independence and company performance outcomes Business leaders should reconsider the merits of inside directors, who 1) bring a deeper understanding of the company, its strategy, R&D opportunities, and market competitors; 2) have a deeper stake in the company’s long-term success, as their professional reputations and continued employment depend on it; 3) are less likely to look to the company’s current...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fairbanks church leadership says insurance company played a role in child abuse case conclusion“Our insurance company figured it would cost more to continue this than to settle,” said Rev. Andrew Carlson, Sr., pastor at Zion Lutheran Church, which runs Open Arms Development Center on Davis Road.
Source: KXDF News 13 - 🏆 266. / 63 Read more »
Fox News loses bid for Smartmatic voting-tech company's records about Philippines bribery caseSmartmatic is not required to give Fox News a trove of information about U.S. federal charges against the voting machine company’s co-founder over alleged bribery in the Philippines.
Source: wjxt4 - 🏆 246. / 63 Read more »
Suspect in UnitedHealthcare CEO murder case lacked insurance ties to companyPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Source: dcexaminer - 🏆 6. / 94 Read more »
Austal founder calls company’s fraud case ‘mistake’ and ‘damaging’In his first extend public comments since Austal USA pleaded guilty to federal criminal charges related to an accounting scandal, the founding director of the Mobile shipbuilder’s parent company said Wednesday that the management team erred.
Source: FOX10News - 🏆 581. / 51 Read more »
Fox News loses bid for Smartmatic voting-tech company's records about Philippines bribery caseSmartmatic is not required to give Fox News a trove of information about U.S. federal charges against the voting machine company’s co-founder over alleged bribery in the Philippines.
Source: ksatnews - 🏆 442. / 53 Read more »
Richardson vaping company at center of Supreme Court caseVaping is coming before the Supreme Court next week as federal regulators ask the high court to uphold its block on sweet, flavored products following a spike...
Source: dallasnews - 🏆 18. / 71 Read more »