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

    Keywords

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

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