Directors' and officers' liability insurance, independent...

Persistent link
MARCXML Dublin Core RDF MODS Cita bibliográfica BibTeX SWAP METS
 

Record image

Articles Articles Directors' and officers' liability insurance, independent directors behavior, and governance effect - Jia, Ning

Collection: Articles

Title: Directors' and officers' liability insurance, independent directors behavior, and governance effect / Ning Jia, Xuesong Tang

Author: Jia, Ning Icono con lupa

Notes: Sumario: We examine the effect of directors' and officers' liability insurance (D&O insurance) on the behavior of independent directors and the effectiveness of their governance role. Using a unique data set, we find a negative relation between D&O insurance and personal board meeting attendance by independent directors and a positive relation between D&O insurance and meeting attendance by authorized representatives. Content analysis of independent director opinion reports indicates that D&O insurance encourages independent directors to behave less responsibly. Insured independent directors are also more likely to be busy. Collectively, D&O insurance reduces the effectiveness of independent directors in corporate governance

Other authors: Tang, Xuesong Icono con lupa

Other categories: 333

Derechos: In Copyright (InC): http://rightsstatements.org/vocab/InC/1.0/

See issue detail See issue detail