Director tenure and busyness and corporate governance

Flora Niu and Greg Berberich

International Journal of Corporate Governance, 2015, vol. 6, issue 1, 56-69

Abstract: This paper examines the influence of two key director attributes on corporate governance performance. More specifically, it examines the association between director tenure, director busyness and the likelihood of encountering governance problems. Results based on a logistic regression analysis of a sample of S%P 1500 directors indicate that long-serving directors and directors holding many board appointments are more likely to be associated with governance problems at the firms they oversee. These results reduce some of the inconclusiveness of prior research on the governance impacts of director busyness and tenure, and suggest the need to limit terms of service and cap the number of board appointments that can be held simultaneously.

Keywords: director tenure; multiple directorships; corporate governance; financial statement fraud; director busyness. (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (13)

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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijcgov:v:6:y:2015:i:1:p:56-69

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