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.
- 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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