How Good Are Commercial Corporate Governance Ratings?
A study by Stanford law and business faculty members casts strong doubt on the value and validity of the ratings of governance advisory firms that compile indexes to evaluate the effectiveness of a publicly held company’s governance practices. “Everyone would agree that corporate governance is a good thing,” said Business School Professor David Larcker, “but can you measure it without even talking to the companies … [ Read more ]
Content: Article | Authors: David Larcker, Ian Gow, Robert Daines | Source: Stanford University | Subject: Corporate Governance
CEO Skill and Excessive Pay: A Breakdown in Corporate Governance?
A high salary doesn’t necessarily mean that a CEO is more competent than his or her peers, say researchers. And the pattern of job effectiveness not matching pay levels seems to affect more CEOs of large firms than small ones.
Content: Article | Authors: Lewis Kornhauser, Robert Daines, Vinay B. Nair | Source: Stanford University | Subject: Corporate Governance