BEGIN:VCALENDAR PRODID:-//eluceo/ical//2.0/EN VERSION:2.0 CALSCALE:GREGORIAN BEGIN:VEVENT UID:d25db94bed152948457e28e7cb51e16c DTSTAMP:20240427T162822Z SUMMARY:"Board Structure and Monitoring: New Evidence from CEO Turnovers" A uthors: Lixiong Guo and Ronald Masulis - School of Banking and Finance The University of New South Wales DESCRIPTION: \n\nAbstract “We use the 2003 NYSE and NASDAQ listing rules concerning\nboard and committee independence as a quasi-natural experiment to\nexamine the causal relations between board structure and CEO\nmonitor ing. Noncompliant firms forced to raise board independence or\nadopt a ful ly independent nominating committee significantly increase\ntheir forced C EO turnover sensitivity to performance relative to\ncompliant firms. Nomin ating committee independence is important even\nfor firms with an independ ent board\, and the effect is stronger when\nthe CEO previously sat on the committee. We conclude that more\nindependent boards and fully independen t nominating committees lead to\nmore effective CEO monitoring and discipl ine”.\n DTSTART:20150109T060000Z DTEND:20150109T080000Z LOCATION:Gerri C. LeBow Hall\, 3220 Market Street\, 405\, Philadelphia\, PA 19104 END:VEVENT END:VCALENDAR