Networks in a Firm: Board of Directors

Li Way Lee () and Aaron Keathley ()
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Li Way Lee: Wayne State University
Aaron Keathley: Wayne State University

Chapter Chapter 4 in 45 Conversations About Behavioral Economics, 2022, pp 15-17 from Springer

Abstract: Abstract In large firms, the separation of ownership and control (SOOC)separation of ownership and control (SOOC) goes much further: Owners delegate the task of monitoring the manager to another group called “Board of DirectorsBoard of Directors (BOD)” (BOD). Let's do a couple of things: (a) Draw the network picture of a firm with BOD, and (b) Look up the BOD of a big firm. Does the Chief Executive Officer (CEO) chair the BOD? Do you see conflict of interest in the arrangement?

Date: 2022
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DOI: 10.1007/978-3-031-05046-6_4

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