..., which concentrates on the conflicts between controlling and minority shareholders (Young et al., 2008). Zhongfeng Su can be contacted at: zhongfengsu@163.com © Emerald Group Publishing Limited 2010 Corporate ownership Senior management Compensation Corporate governance...

... of board effectiveness. Corporate governance Senior management Decision making The board of directors is responsible for the overall well being of the corporation and has the legal authority to supervise management. The board is expected to act honestly, and in good faith with the interests...

... that CEO compensation can be determined by economic factors. In other words, the optimal contract can be designed through approaches such as optimizing agent cost (Jensen and Meckling (1976) or maximizing the joint utility curves of the agent and principal. Senior management Compensation...

... Divestment Senior management United States of America The role of power in organizations has been relegated to the background by financial economists because power is irrelevant in a complete contract scenario. However, in an incomplete contract world that we face, power assumes importance. To date...

... that firms consider adopting a dual leadership structure as one means of preventing corporate governance breakdowns like the ones cited above. © Emerald Group Publishing Limited 2004 Corporate governance Senior management Leadership Shares Agency theorists have long recognized...