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Interestingly enough, strong corporate governance and independent directors do not produce better returns. This is a central point in Eric Rees's book Incorrupt
by dweekly 3mo ago
Interestingly enough, strong corporate governance and independent directors do not produce better returns. This is a central point in Eric Rees's book Incorruptible.
https://leeds-faculty.colorado.edu/bhagat/bb-022300.pdf https://leeds-faculty.colorado.edu/bhagat/bb-022300.pdf
- iririririr 3mo agoguys a successful founder who lucked out and now has an academic hobby. I'd read other people if i were you.
- dweekly 3mo ago1. He cites existing academic literature that is peer reviewed such as the link I provided. 2. If his claims are incorrect and poorly sourced, feel free to call them out. But his research appears to have been rather exhaustive on this topic. 3. If there are other sources that contradict these claims and are well researched, links are welcome
- fragmede 3mo agoAd hominem.
- iririririr 3mo agoyes. sometimes that's valid tho.
- lenerdenator 3mo agoI'll need to read that, but if my anecdotal experience is any indication, there aren't that many "independent" boards of directors. Ultimately you do find some sort of connection between board members and the c-suite of many companies. In some cases (Meta) the CEO is the chairman. Marc Andreesen is also on Meta's board despite being an early investor and mentor to Zuckerberg. Seems like an explicit conflict of interest, no?