Stanford Closer Look Series

The Stanford Closer Look series is a collection of short studies through which we explore topics, issues, and controversies in corporate governance. In each study, we take a targeted look at a specific issue and explain why it is important.

David F. Larcker, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, December
2017

In this Closer Look, we examine the roles that leadership and culture play in contributing to chronic misbehavior and the manner in which it takes root in an organization. We...

David F. Larcker, Peter C. Reiss, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, November
2017

The board of directors is expected to ensure that management has identified and developed processes to mitigate risks facing the organization, including risks arising from data theft and the loss...

Stanford Closer Look|
Alex Baum, David F. Larcker, Brian Tayan, Jacob Welch
Stanford Closer Look Series. October
2017

Board members rely on information provided by management to inform their decisions. Unfortunately, some research calls into question the adequacy of the information the board members receive and, by extension,...

Nicholas E. Donatiello, David F. Larcker, Brian Tayan
Stanford Closer Look Series. September
2017

Governance experts have vigorously debated the appropriateness of CEO compensation. And yet, very little effort has been made to understand the size, quality, and efficiency of the labor market for...

Ian D. Gow, David F. Larcker, Brian Tayan
Stanford Closer Look Series. May
2017

CEO succession at many companies occurs in a black box. Shareholders are not privy to boardroom discussions prior to the announcement of a CEO departure, and press releases announcing the...

Alex Baum, David Robert Hale, Mason Morfit, David F. Larcker, Brian Tayan
Stanford Closer Look Series. April
2017

Understanding CEO compensation plans is a continuing challenge for directors and investors. The disclosure of these plans is dictated by SEC rules that rely heavily on the “fair value” of...

Taylor Griffin, David F. Larcker, Stephen A. Miles, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, March
2017

The boards of all publicly traded companies are required to conduct a self-evaluation at least annually to determine whether they are functioning effectively. Research suggests that while many directors are...

David F. Larcker, Brian Tayan
Stanford Closer Look Series. March
2017

Many observers consider the most important responsibility of the board of directors its responsibility to hire and fire the CEO. To this end, an interesting situation arises when a CEO...

Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, December
2016

In this Closer Look, we examine the tensions between corporate culture, financial incentives, and employee conduct as illustrated by the Wells Fargo cross-selling scandal. In 2016, Wells Fargo admitted that...

David F. Larcker, Stephen A. Miles, Brian Tayan
Stanford Closer Look Series. Corporate Governance Research Initiative, October
2016

Shareholders pay considerable attention to the choice of executive selected as the new CEO whenever a change in leadership takes place. However, without an inside look at the leading candidates...