We study whether outside directors are held accountable for poor monitoring of executive compensation by examining the reputation penalties to directors of firms involved in the option backdating (BD) scandal of 2006-2007. We find that at firms involved in BD, significant penalties accrued to...

In this review, we focus on corporate governance-related research published in the Journal of Accounting Research (JAR) over the 2002-2018 period. Our main objective is not to provide an in-depth critical review of these papers, but rather to identify when and why corporate governance studies...