Pin Arboledas, José Ramón
By reducing the size of their boards and increasing the representation of both women and independent directors, companies are increasingly following the recommendations made by Spain's Good Governance Code for Listed Companies. This is highlighted in the 12th annual report on IBEX 35 shareholders' meetings, produced by IESE and Atrevia.
Almandoz, John; Tilcsik, András
Does a board always work best with more experts' advice? No, according to research published in the Academy of Management Journal. A study of U.S. community banks found that, when navigating uncharted waters, banks were more likely to fail if their boards were dominated by directors who were experts in banking. In fact, the riskiest decisions may be better handled when non-experts counterbalance the know-it-alls.
Antón, Miguel; Ederer, Florian; Giné, Mireia; Schmalz, Martin C.
Clinton and Trump agree on one issue: today's CEOs make too much money. CEO salaries are ballooning even where business is far from booming. New research by IESE's Miguel Antón and Mireia Giné offers compelling evidence that common ownership deserves some of the blame. Their research also indicates that the bloated-CEO-pay problem will get worse if left unchecked.