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When outside directors resign: go publicly or leave quietly?
Directors resign publicly for two primary reasons: conflict-related issues (e.g., uncooperative management, weak boards, or financial irregularities) or being "too busy" (often linked to deteriorating firm performance). Conflict-related resignations were more common among younger, finance-savvy directors serving on audit/compensation committees, who sought to protect their reputations by distancing themselves from poorly performing firms. These resignations often triggered positive outcomes, such as management shake-ups and improved stock performance. In contrast, "quiet" resignations were typically made by older, retired directors with less reputational risk. The study highlights the dual role of public resignations—as both a failure of sustained governance and a disciplinary mechanism for weak boards.
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| AMP2402 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Briarcliff Manor, NY: Academy of Management 2010 |
|---|---|
| Edisi | Vol. 24, No. 2, May 2010 |
| Subjek | Corporate governance Outside directors Sarbanes-Oxley Act (SOX shareholder interests board resignations management conflict |
| ISBN/ISSN | 15589080 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 3 p. |
| Info Detail Spesifik | Academy of Management Perspectives |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |