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In many instances, acirc;not;?independently mindedacirc;not;? top ranking executives can imposestrong discipline on their CEO, even though they are formally under his authority.This paper argues that the use of such a disciplining mechanism is a key feature ofgood corporate governance
Persistent link: https://www.econbiz.de/10012753371
In many instances, 'independently-minded' top-ranking executives can impose strong discipline on their CEO, even though they are formally under his authority. This paper argues that the use of such a disciplining mechanism is a key feature of good corporate governance. We provide robust...
Persistent link: https://www.econbiz.de/10012753385