English, Article edition: One Man Two Hats: What's All the Commotion! Jay Dahya; Laura Galguera Garcia; Jos van Bommel

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Bookmark: http://trove.nla.gov.au/version/108357
Physical Description
  • article
Language
  • English

Edition details

Title
  • One Man Two Hats: What's All the Commotion&​excl;
Author
  • Jay Dahya
  • Laura Galguera Garcia
  • Jos van Bommel
Physical Description
  • article
Notes
  • We examine performance in publicly listed U.K. companies over a period that encompasses the issuance of the Cadbury Committee's "Code of Best Practice," which calls for the abolition of the combined CEO/​COB position. We find that companies splitting the combined CEO/​COB position to conform to the Code's requirement did not exhibit any absolute or relative improvement in performance when compared to various peer-group benchmarks. We do not necessarily scoff at mandated board structures, but the evidence suggests that this particular legislature coerced the abandonment of the combined CEO/​COB position and appears to be "wide of the mark". Copyright (c) 2009, The Eastern Finance Association.
  • RePEc:bla:finrev:v:44:y:2009:i:2:p:179-212
Language
  • English
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