The Duties and Liabilities of the Board of Directors

The Duties and Liabilities of the Board of Directors

by David Larcker, Brian Tayan
The Duties and Liabilities of the Board of Directors

The Duties and Liabilities of the Board of Directors

by David Larcker, Brian Tayan

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Overview

This Element is an excerpt from Corporate Governance Matters: A Closer Look at Organizational Choices and Their Consequences (9780132180269) by David Larcker and Brian Tayan. Available in print and digital formats.

 

A primer on what corporate board members should be doing: expert guidance on advisory and monitoring functions, compliance, fiduciary duty, independence, and more.

 

When asked what areas directors should pay most attention to, other than profitability and shareholder value, directors list future growth, risk management, and development of human capital as top priorities. Other areas of focus include cultural development, executive compensation, and compliance. Still, some evidence indicates that directors prefer advisory functions to monitoring functions….


Product Details

ISBN-13: 9780132821414
Publisher: Pearson Education
Publication date: 04/21/2011
Series: FT Press Delivers Elements
Sold by: Barnes & Noble
Format: eBook
Pages: 10
File size: 493 KB
Age Range: 18 Years

About the Author

David Larcker is James Irvin Miller Professor of Accounting at the Graduate School of Business of Stanford University; Director of the Corporate Governance Research Program; Senior Faculty, Arthur and Toni Rembe Rock Center for Corporate Governance. His research focuses on executive compensation, corporate governance, and managerial accounting. Formerly on the faculty of Northwestern’s Kellogg Graduate School of Management and The Wharton School at the University of Pennsylvania, he now serves on the Board of Trustees for the Wells Fargo Advantage Funds.

 

Brian Tayan, a member of Stanford’s Corporate Governance Research Program at the Stanford Graduate School of Business, has written broadly on the subject of corporate governance, including case studies and other materials on boards of directors, succession planning, executive compensation, financial accounting, and shareholder relations.

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