The role of gender diversity in leadership in organizational performance has been a topic of great interest to management scholars, and as a result, a huge volume of empirical findings have accumulated in this stream of research. However, most of the studies focused only on the economic aspect...

We investigate an increasingly prevalent CEO succession strategy: recruiting CEOs from the board of directors (director-CEOs). Director-CEOs might be hired in a planned succession because they combine outsiders' new perspectives with insiders' firm-specific knowledge. Alternatively, directors...

Governance experts have vigorously debated the appropriateness of CEO compensation. And yet, very little effort has been made to understand the size, quality, and efficiency of the labor market for CEO talent, which is a key determinant of pay. In this Closer Look, we review data collected from...