What I like about you: Director characteristics and shareholder approval

Amy Hillman, Christine Shropshire, Samuel Certo, Dan Dalton, Catherine Dalton

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

The vast majority of corporate governance research is grounded in agency theory and focuses on the relationships between various governance configurations and firm performance. Empirical results, however, are largely unsupportive. This has led researchers to consider alternative and multi-theoretical lenses and outcome measures. Consistent with this emerging tradition, we compare insights from agency and resource dependence theories to examine the elections of over 2,000 Fortune 500 directors. By studying actual voting behaviors, we provide new perspective to understanding director elections as a governance process. Employing a multi-level approach, we find support for relationships between several director characteristics and shareholder opposition to directors up for (re-)election to the board.

Original languageEnglish (US)
Title of host publicationAcademy of Management 2008 Annual Meeting: The Questions We Ask, AOM 2008
StatePublished - 2008
Event68th Annual Meeting of the Academy of Management, AOM 2008 - Anaheim, CA, United States
Duration: Aug 8 2008Aug 13 2008

Other

Other68th Annual Meeting of the Academy of Management, AOM 2008
CountryUnited States
CityAnaheim, CA
Period8/8/088/13/08

Keywords

  • Boards of directors
  • Director election
  • Shareholder votes

ASJC Scopus subject areas

  • Management Information Systems
  • Management of Technology and Innovation

Fingerprint Dive into the research topics of 'What I like about you: Director characteristics and shareholder approval'. Together they form a unique fingerprint.

  • Cite this

    Hillman, A., Shropshire, C., Certo, S., Dalton, D., & Dalton, C. (2008). What I like about you: Director characteristics and shareholder approval. In Academy of Management 2008 Annual Meeting: The Questions We Ask, AOM 2008