Towards a credible system of independent directors in controlled firms

• Main Author: Aurelio GURREA-MARTINEZ
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: independent directors; controllers; shareholders; tunneling; minority shareholders; Banking and Finance Law
• Online Access: https://ink.library.smu.edu.sg/sol_research/3378
• Institution: Singapore Management University

In the past decades, most jurisdictions around the world have required or recommended public companies to increase the number of independent directors sitting on their boards as a means of protecting outside investors from the opportunism of insiders. However, despite the efforts to increase the pre...