Small business of-interest and continuing need-to-know….. aas well as news-to-watch. Leadership and board of directors
Excerpt………..we study the impact of SOX on the relationship between corporate governance and company performance. A significant part of SOX and other exchange requirements increase the role of independent board members. Given that prior academic research suggests there is no positive relationship between board independence and firm performance, the above regulatory efforts are especially notable.
We find a shift in the relationship between board independence and firm performance after 2002