haku: @author Cheng, M. / yhteensä: 2
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| Tekijä: | Kang, H. Cheng, M. Gray, S.J. |
| Otsikko: | Corporate governance and board composition: Diversity and independence of Australian boards |
| Lehti: | Corporate governance
2007 : MAR, VOL. 15:2, p. 194-207 |
| Asiasana: | corporate governance board of directors management Australia |
| Kieli: | eng |
| Tiivistelmä: | The board of directors (hereafter as: b-of-drs.) belongs to internal governance mechanisms intended to ensure of the interests of shareholders and managers being closely aligned. The b-of-drs. also disciplines or removes ineffective management teams. This study reports on the diversity and independence of the board membership of 100 top Australian (here as: A.) companies in 2003. In the Asia-Pacific region, A. stock markets belong to the most developed ones. With the collapse of several well-known public companies such as Ansett, HIH, and OneTel, there is an increasing demand to evaluate the corporate governance (as: c-g.) practices of A. companies, incl. the board composition. Accordingly, this paper provides a timely review of the state of c-g. in the country as far as board composition is concerned. |
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