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What's A Director To Do?
Decision Making
2015/5/13
The recent wave of corporate scandals provides continuing evidence that boards have failed to fulfill their role as the top-level corporate control mechanism. Destroyed companies, ruined reputations a...
A Study of Independent Director’s Reputation Incentive Mechanism Based on the Principal-Agent Theory
reputation incentive mechanism independent directors principal-agent relationship market signal
2013/2/23
This paper applies principal-agent theory to research into the incentive compatibility problems of the independent directors (IDs). The traditional fixed-pay system could preserve the independence of ...