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| Author: | Dahya, J. McConnell, J.J. Travlos, N.G. |
| Title: | The Cadbury Committee, corporate performance, and top management turnover |
| Journal: | Journal of Finance
2002 : FEB, VOL. 57:1, p. 461-483 |
| Index terms: | COMPANY PERFORMANCE TOP MANAGEMENT TURNOVER UNITED KINGDOM |
| Language: | eng |
| Abstract: | In 1992, the Cadbury Committee issued the Code of Best Practice which recommends that boards of U.K. corporations include at least three outside directors and that the positions of chairman and CEO be held by different individuals. The underlying presumption was that these recommendations would lead to improved board oversight. The authors empirically analyze the relationship between CEO turnover and corporate performance. |
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