2018
DOI: 10.2139/ssrn.2736027
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Death by Committee? An Analysis of Corporate Board (Sub-) Committees

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Cited by 13 publications
(10 citation statements)
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“…5 Because RiskMetrics covers only S&P 1500 firms, it is not ideal for constructing measures of director busyness, which require a more comprehensive listing of each director's full set of board positions. Thus, we turn to BoardEx, which has much wider cross-sectional coverage, to construct our busyness measures (Adams et al (2018)). Using the universe of exchange-listed boards on BoardEx, we construct # BOARDS, which is the number of exchange-listed boards on which a director sits in a given year.…”
Section: Sample and Descriptive Statisticsmentioning
confidence: 99%
See 1 more Smart Citation
“…5 Because RiskMetrics covers only S&P 1500 firms, it is not ideal for constructing measures of director busyness, which require a more comprehensive listing of each director's full set of board positions. Thus, we turn to BoardEx, which has much wider cross-sectional coverage, to construct our busyness measures (Adams et al (2018)). Using the universe of exchange-listed boards on BoardEx, we construct # BOARDS, which is the number of exchange-listed boards on which a director sits in a given year.…”
Section: Sample and Descriptive Statisticsmentioning
confidence: 99%
“…Although board data is available before 2007 from RiskMetrics, we do not use these data, since RiskMetrics changed the methodology with which it collected data in 2007(Coles, Daniel, and Naveen (2014b)). 5 We obtain data about a director's committee responsibilities from BoardEx, which has higherquality committee data than RiskMetrics(Adams, Ragunathan, and Tumarkin (2018)). 6 The network size of an individual is computed by the number of overlaps through employment, education, and other organizations in the past or at present.…”
mentioning
confidence: 99%
“…As board committee members are typically independent, non-executive directors, they are expected to make decisions insulated from executives’ influence (Chen and Wu, 2016). Although board committees could enhance task efficiency (Reeb and Upadhyay, 2010), greater delegation from directorate to board committee level might intensify communication challenges (Adams et al , 2017).…”
Section: Accounting For Board Committee Responsibilitiesmentioning
confidence: 99%
“…While the question of new female directors’ characteristics has held much of the attention in the WoB literature on quota, the effectiveness of a gender quota also depends on the assignment of committees across board members. As stressed by Adams, Ragunathan, and Tumarkin (), functional division of labor within boards through dedicated committees is crucial to understand board functioning, albeit underexamined. If companies chose to place RFDs in nonstrategic positions inside boardrooms, then there is not much benefit (in terms of governance) to expect from the gender quota.…”
Section: The Characteristics Of Rookie Female Directorsmentioning
confidence: 99%