Study concludes that “corporate board reforms… appear to have a positive spillover for non-financial stakeholders”.
There is much talk about companies improving their treatment of the environment and people—what is often called corporate social responsibility (CSR). And there has been much debate about how this can been achieved. But new research suggests that good old-fashioned quality corporate governance can help work wonders.
Based on a dataset of more than 20,000 observations of 3,514 companies in 34 countries, a team of academics based in Canada and Hong Kong suggests that governance reforms that address classic governance issues such as audit committees and auditor independence, as well as separating the roles of chairs and chief executives, ca
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