Which Characteristics Determine a Perfect Board of Directors? A Review of the Economic Literature


Academic Paper, 2020

8 Pages, Grade: 1,3


Abstract or Introduction

The board of directors is an important organizational institution, whose purpose is to reduce the agency problem inherited by the management of a firm. However, because of various accounting frauds and failures in corporate governance in the
history of larger corporations, there is increasing public attention regarding the effectiveness of a board and how a perfect board should be designed to increase their oversight quality. Because of these many researchers investigated this topic.

This paper reviews recent academic research regarding the characteristics of a perfect board of directors. Firstly, the paper analyses different board characteristics, then it investigates the importance of the composition and size of the audit committee.

Details

Title
Which Characteristics Determine a Perfect Board of Directors? A Review of the Economic Literature
College
Maastricht University
Grade
1,3
Author
Year
2020
Pages
8
Catalog Number
V1119129
ISBN (eBook)
9783346485144
Language
English
Keywords
board of directors, corporate governance, independent outside directors, CEO, agency problem, audit comittee
Quote paper
Felix Pütz (Author), 2020, Which Characteristics Determine a Perfect Board of Directors? A Review of the Economic Literature, Munich, GRIN Verlag, https://www.grin.com/document/1119129

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