The negative effect on individual and firm performance however makes the dissent by directors more significant since they are bucking the majority over their own tter interests. But people do cause they feel strongly about it. Ma and Khanna caution against applying the results of.
Chinese data too broadly
The country is a unique case with most of its companies own by either the state or large families and lacking checks and balances such as shareholder Macedonia hatsApp Number List voting and class action lawsuits that in the Unit States and Europe can help control companies actions. You are never sure whether any findings from the Chinese dataset will apply in New York warns Khanna. Nevertheless it is tter than not having any findings at all. Although the data may not directly applicable to the Unit States or other countries it provides a valuable look into corporate boards and points the direction for future research in those countries. In a sense this data pulls open the black box of boards of directors shining some sunlight on what happens inside.
COMMENTS KAPIL VAGHELA
Really good insight on this subject. Generally the independent directors appoint on the Boards are discoveries of the key person on the Board or the Croatia WhatsApp Numbers List promoters of the firm. This specially applies to the private sector firms. the platform to fulfil the regulatory requirement for Board composition and more so to support the views of promoters for getting their proposal approv by the Board. This phenomenon defeats the very purpose of system of independent directors. It is not easy for an Independent Director to survive on a Board for a long time when his her views are contradictory to the views of promoters.
