Corpus ID: 18133479

The Internal Governance of the Board 1

  title={The Internal Governance of the Board 1},
  author={Derek Horstmeyer},
If the vast majority of director elections are uncontested (Bebchuk (2003); Cai et al. (2009)), then how does the board of directors structure itself to govern and monitor its own members? In this paper, I detail how the formation and composition of the nominating/governance committee relate to board member characteristics and firm determinants in a manner that is in accordance with the contracting relationship between shareholders and board members. For a sample of NYSE firms over the 2005 to… Expand

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