In this paper, we propose a model where N strategic informed traders who are endowed with heterogeneous noisy signals with different precisions compete in a market with a single risky asset. We explicitly describe the unique linear equilibrium that exists in this setup and derive its properties....

Boards of directors and corporate governance have gained much attention in recent years. Many reforms have been made, especially on board composition to ensure that boards of directors are effective, in order to improve corporate governance. The Malaysian Code on Corporate Governance codified...