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Determinants of Board Size, Composition and Leadership

  • Ismail LahlouEmail author
Chapter

Abstract

Using a 14-year panel data set on the Standard and Poor’s 1500 firms, this chapter examines the trends and determinants of corporate board structure (Board size, independence and CEO duality). Our hypotheses lead to predictions that firm complexity and advising requirements, the costs of monitoring and advising, ownership structure and CEO characteristics are important determinants of board structure. Our findings provide strong empirical evidence in support of these hypotheses. We also find some evidence that the Sarbanes–Oxley Act has had an impact on board structure and its determinants.

Keywords

Board size Board independence CEO duality Sarbanes–Oxley act Corporate governance 

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  1. 1.University of BurgundyAuxerreFrance

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