Boards & Corporate Governance

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Does Corporate Governance Matter?

There comes a time when corporate governance has little influence over performance, because competitive forces cut away at management fat. That’s according to researchers at New York University’s Leonard N. Stern School of Business, who studied the performance of companies before and after 30 anti-takeover laws were passed in different states between 1985 and 1991.

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The Shareholders vs. Stakeholders Debate

Does the belief that a manager‘s overriding duty is to maximize shareholder returns encourage socially destructive actions by corporations? Employing economic, legal and behavioral analyses, the author concludes that, although the shareholder theory is often inaccurately maligned, stakeholder theory may be more conducive to curbing the kind of impropriety seen at Enron and Global Crossing.

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Showing 21-40 of 43