Quick Guides

These quick guides provide a concise introduction to corporate governance concepts by combining descriptions, data, and research in a format that is easily digestible.

David F. Larcker, Brian Tayan
CGRI Quick Guide Series.
2015

Corporate governance has become a well-discussed and controversial topic among corporations, shareholders, and the general public. However, the debate over what constitutes “good governance” often lacks structure, making it difficult...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series.
2015

Corporate governance has become a well-discussed and controversial topic among corporations, shareholders, and the general public. However, the debate over what constitutes “good governance” often lacks structure, making it difficult...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series.
2015

The board of directors plays a central role in the corporate governance system. All countries require that publicly listed companies have a board. While their attributes vary across nations, they...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series.
2015

A board of directors requires professionals with a diverse mix of managerial, functional, and other specialized knowledge in order to properly advise and oversee management. This Quick Guide reviews the...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series.
2015

The board of directors is generally described in terms of its prominent structural attributes, including size, composition, and independence. This Quick Guide examines the importance of these, and whether they...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series. June
2016

This Data Spotlight provides data and statistics on the attributes of boards of directors of publicly traded companies in the United States. This data supplements the issues introduced in the...

Research Spotlight|
David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. Corporate Governance Research Initiative (CGRI), November
2015

This Research Spotlight provides a summary of the academic literature on whether companies with an independent chairman of the board exhibit better governance quality than companies with a dual chairman/CEO....

David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. Corporate Governance Research Initiative (CGRI), November
2015

This Research Spotlight provides a summary of the academic literature on outside (non-executive) directors and directors who are independent according to New York Stock Exchange listing requirements. It reviews the...

Research Spotlight|
David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. Corporate Governance Research Initiative (CGRI), April
2016

This Research Spotlight provides a summary of the research literature on whether companies with diverse boards (in terms of background, gender, or ethnicity) exhibit better performance and governance quality than...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series.
2015

One of the primary responsibilities of the board of directors is to monitor the strategy and risk of the corporation. This Quick Guide provides a concise introduction to corporate strategy,...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series.
2015

The board of directors is responsible for ensuring that correct management is in place to run the organization. This includes hiring, evaluating, and — when circumstances merit — removing or...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series. Corporate Governance Research Initiative, December
2016

This Quick Guide provides data and statistics on the attributes of the CEOs and CEO succession events at publicly traded companies in the United States. This data supplements the issues...

Research Spotlight|
David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. September
2016

This Research Spotlight provides a summary of the academic literature on relation between CEO performance and turnover. It reviews the evidence of:

  • The relation between performance and likelihood of
  • ...
Research Spotlight|
David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. Corporate Governance Research Initiative, October
2016

This Research Spotlight provides a summary of the academic literature on internal and external CEOs. It reviews the evidence of:

  • Trends in hiring external CEOs
  • Operating condition of companies
  • ...
David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. Corporate Governance Research Initiative, September
2016

This Research Spotlight provides a summary of the academic literature on the influence that CEOs have on company outcomes (performance and risk). It reviews the evidence of:

  • The contribution
  • ...
Quick Guide|
David F. Larcker, Brian Tayan
CGRI Quick Guide Series. Corporate Governance Research Initiative,
2015

A company offer a competitive compensation arrangement in order to attract, retain, and motivate a qualified CEO to manage the organization.

This Quick Guide examines the elements of executive compensation...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series. April
2017

This Data Spotlight provides data and statistics on the level and structure of CEO compensation in the United States. This data supplements in the issues introduced in the Quick Guides...

Quick Guide|
David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. Corporate Governance Research Initiative, March
2017

This Research Spotlight provides a summary of the academic literature on CEO pay levels in the United States. It reviews the evidence of:

  • Long-term trends in the CEO compensation
  • ...
Research Spotlight|
David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. Corporate Governance Research Initiative (CGRI),
2016

This Research Spotlight provides a summary of the academic literature on how shareholder voting on executive compensation plans influences executive pay. It reviews the evidence of:

  • The impact of
  • ...
Quick Guide|
David F. Larcker, Brian Tayan
CGRI Quick Guide Series.
2015

A company offers equity incentives to encourage CEOs to take actions that are in the interest of shareholders. At the same time, equity incentives have the potential to encourage undesirable...

David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. April
2017

This Research Spotlight provides a summary of the academic literature on the impact of equity ownership on firm performance and agency problems:

  • The relation between equity ownership and performance
  • ...
Research Spotlight|
David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. Corporate Governance Research Initiative (CGRI),
2015

This Research Spotlight provides a summary of the academic literature on how equity compensation influences CEO risk taking. It reviews the evidence of:

  • The relation between stock options and
  • ...
David F. Larcker, Brian Tayan
CGRI Quick Guide Series.
2015

The board of directors is responsible for ensuring the integrity of published financial statements. This includes working with management to set the parameters for accounting quality and internal controls, and...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series.
2015

The board of directors might decide it is in the best interest of shareholders to sell the corporation to new owners. In theory, a change in control only makes sense...

Research Spotlight|
David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. Corporate Governance Research Initiative (CGRI),
2015

This Research Spotlight provides a summary of the academic literature on how golden parachute payments influence CEO incentives to pursue mergers and acquisitions. It reviews the evidence of:

  • Shareholder
  • ...
Research Spotlight|
David F. Larcker, Brian Tayan
CGRI Research Spotlight Series. September
2015

This Research Spotlight provides a summary of the academic literature on how staggered boards impact shareholder value by insulating management from the pressures of capital markets. It reviews the evidence...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series.
2015

Shareholders exert influence over the corporation through the board of directors and the proxy voting process. While indirect, this influence can be powerful in shaping corporate policy.

This Quick Guide...

David F. Larcker, Brian Tayan
CGRI Quick Guide Series. September
2015

Other organizational structures exist besides public corporations. Examples include family-controlled businesses, venture-backed companies, private equity-owned businesses, and nonprofit organizations. Each of these faces their own issues relating to purpose, ownership,...