Time is of the Essence!: Retired Independent Directors’ Contributions to Board Effectiveness

Brandes, Pamela; Dharwadkar, Ravi; Ross, Jonathan F.; Shi, Linna

doi:10.1007/s10551-021-04852-x

Cited by 5 publications

(3 citation statements)

References 95 publications

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“…For this purpose, we constructed two different groups, and the group having a value equal to the median or above is ranked 1, 0 otherwise. This is in line with Brandes, Dharwadkar, Ross, & Shi, (2021).…”

Section: Operationalization Of Quad Modelsupporting

confidence: 91%

CEO Greed and Firms' Environmental Performance in Environmentally Sensitive Sectors of China

Saif-Ur-Rehman

Elshareif

Khan

2023

International Journal of Asian Business and Information Management

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In the current study, the authors explored how CEO greed concerning bonuses and rewards on restricted stock affects a firm's environmental performance (EP) in environmentally sensitive sectors of China. Moreover, they empirically tested the constraining role of the quad director on the relationship between CEO greed and EP. Findings indicate that (a) CEO greed negatively affects the strategic firm's environmental performance, particularly the negative relation is augmented by the person-pay interactionism rationale (bonus), (b) the presence of one quad director in the board does not constrain CEO greed and EP negative relation, and (c) the presence of two or more quad directors in the board significantly constraints the negative relation between CEO greed and EP. Thus, having at least two quad directors is more effective than combining directors with multiple features. Our results are robust to different CEOs' power dynamics. Our research has important practical implications for corporate governance and business strategy formulation.

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Section: Operationalization Of Quad Modelsupporting

confidence: 91%

CEO Greed and Firms' Environmental Performance in Environmentally Sensitive Sectors of China

Saif-Ur-Rehman

Elshareif

Khan

2023

International Journal of Asian Business and Information Management

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“…Independent Board Member and Financial Performance Eeckloo et al, (2004) indicate that the proportion of independent (non-executive) board members in the board of directors plays an important role in corporate governance. Regulators, researchers, and investors agree that increasing the number of independent directors on the board will objectively monitor management while pursuing the best interests of shareholders (Brandes et al, 2022). Agency theory suggests that the board of directors should include more independent directors to minimize management opportunism and agency conflicts (Shaukat et al, 2016).…”

Section: Independent Board Member and Esgmentioning

confidence: 99%

Independent Board Members and Corporate Financial Performance: The Mediating of Environmental, Social, and Governance Pillars in Taiwan

Van,

2023

Preprint

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This paper examines the relationship between the ratio of independent board member to the financial performance of the company under the mediation of the three pillars of environment, society, and governance (ESG) in Taiwan. The study addresses a research gap between independent directors and corporate financial performance, an issue that is rarely discussed today. The author develops the hypotheses and tests them by applying panel data regression to the data tables taken from the Thomson Reuters Eikon database to analyze data on 173 Taiwanese companies that reported ESG from 2009 to 2021. The results show that the relationship between the ratio of independent directors and financial performance has a positive relationship. At the same time, the 3 pillars of ESG also clearly show the intermediary role in this relationship. Finally, this study provides additional insights into the relationship between the ratio of independent directors and financial performance in the Taiwan context.

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“…He argues that firms would profit from HR players on boards or TMTs as they would influence decision‐makers’ attention to otherwise not considered but relevant HR‐related issues and answers. The underlying idea of these studies is that diverse players in the TMT help to increase a firm's attentional breadth to otherwise unattended issues and answers, and thus extend the firm's behavioural repertoire (see also Bjornali et al., 2016; Brandes et al., 2021; Evans et al., 2020; Galbreath, 2018).…”

Section: Review Of Abv‐based Studiesmentioning

confidence: 99%

The attention‐based view: Review and conceptual extension towards situated attention

Brielmaier

Friesl

2022

Int J Management Reviews

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Over two decades ago, William Ocasio introduced the attention-based view (ABV) of the firm with a powerful argument: firm-level behaviour is the result of the situated distribution and allocation of managerial attention, embedded in broader organizational structures and the environmental context. ABV-based research has received substantial and increasing scholarly attention, resulting in a complex and incoherent body of research. In order to address this issue, this paper takes stock of extant research on the ABV and consolidates key debates.Based on a systematic review of 173 articles, we synthesize existing research into a unifying framework. Drawing on this framework, we propose situated attention as a central theme for future research. We elaborate on four situational factors (materiality, social dynamics, temporality and what we call framing of the strategic setting), which may influence how actors' attention is situated in the particular context.

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Time is of the Essence!: Retired Independent Directors’ Contributions to Board Effectiveness

Cited by 5 publications

References 95 publications

CEO Greed and Firms' Environmental Performance in Environmentally Sensitive Sectors of China

CEO Greed and Firms' Environmental Performance in Environmentally Sensitive Sectors of China

Independent Board Members and Corporate Financial Performance: The Mediating of Environmental, Social, and Governance Pillars in Taiwan

The attention‐based view: Review and conceptual extension towards situated attention

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