Corporate Governance and Board Composition: diversity and independence of Australian boards

The board of directors is one of a number of internal governance mechanisms that are intended to ensure that the interests of shareholders and managers are closely aligned, and to discipline or remove ineffective management teams. Among the most significant governance issues currently faced by the modern corporation are those relating to diversity, such as gender and age, and independence of directors. Copyright (c) 2007 The Authors; Journal compilation (c) 2007 Blackwell Publishing Ltd.