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Keywords: Proxy advisor
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Journal Articles
Journal:
Journal of Accounting Literature
Journal of Accounting Literature (2019) 43 (1): 19–46.
Published: 13 July 2019
... of earnings restatements is loss of board seats, in part through adverse proxy advisor recommendations and reduced shareholder support. Directors typically face little risk of legal liability or SEC sanctions, and some directors pre-emptively leave a problem company’s board and reduce their loss...
