Transparency of director attributes

Research output: Chapter in Book/Report/Conference proceedingChapterScientific

Abstract

The composition of the board of directors is considered key for the success of the company. The current approach to compose this board is to provide shareholders and investors with individual information of the skills and experience of (candidate) directors. The information is insufficient to qualify whether the candidate will enrich the board. Shareholders and investors are also deprived of information which composition the board considers appropriate to achieve the corporate goals. These problems can be solved with an appropriate disclosure framework. The skills and experience of the current board must be provided as well as the qualities that the new candidates will provide to the board. An example how a disclosure framework for competent boards must look like, is presented. It provides incentives for active ownership. Shareholders can vote for a specific board structure which in their opinion can best achieve the corporate goals.
Original languageEnglish
Title of host publicationLegal and Economic Aspects of Corporate Governance
Subtitle of host publicationMarket Transparency and Disclosure in Private and Public Companies
EditorsH. Horak
Place of PublicationZagreb
PublisherUniversity of Zagreb
Pages58-73
Number of pages16
Publication statusPublished - 2013

Fingerprint

Transparency
Shareholders
Disclosure
Investors
Ownership
Incentives
Board structure
Board of directors
Vote

Keywords

  • Board of Directors
  • Composition Director
  • Characteristics
  • Transparency
  • Shareholder voting

Cite this

van der Elst, C. F. (2013). Transparency of director attributes. In H. Horak (Ed.), Legal and Economic Aspects of Corporate Governance: Market Transparency and Disclosure in Private and Public Companies (pp. 58-73). Zagreb: University of Zagreb.
van der Elst, C.F. / Transparency of director attributes. Legal and Economic Aspects of Corporate Governance: Market Transparency and Disclosure in Private and Public Companies. editor / H. Horak. Zagreb : University of Zagreb, 2013. pp. 58-73
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van der Elst, CF 2013, Transparency of director attributes. in H Horak (ed.), Legal and Economic Aspects of Corporate Governance: Market Transparency and Disclosure in Private and Public Companies. University of Zagreb, Zagreb, pp. 58-73.

Transparency of director attributes. / van der Elst, C.F.

Legal and Economic Aspects of Corporate Governance: Market Transparency and Disclosure in Private and Public Companies. ed. / H. Horak. Zagreb : University of Zagreb, 2013. p. 58-73.

Research output: Chapter in Book/Report/Conference proceedingChapterScientific

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van der Elst CF. Transparency of director attributes. In Horak H, editor, Legal and Economic Aspects of Corporate Governance: Market Transparency and Disclosure in Private and Public Companies. Zagreb: University of Zagreb. 2013. p. 58-73