1. Research: Board Directors Are More Likely to Leave When a Firm Is Getting Criticized

    Research: Board Directors Are More Likely to Leave When a Firm Is Getting Criticized

    In 2013 an activist investor criticized the board at ConMed for a “culture of nepotism, patronage, and dystopian corporate governance.” Director Stephen Mandia, who had served on the board for 12 years, departed shortly after. Two other directors stayed on the board but picked up additional board seats at other firms within the year. When Baker Hughes and Halliburton were both downgraded by equity analysts following an Obama administration Halliburton-Baker-Hughes-1713792.php" target="_blank">oil drilling ban in 2010, several of their long-serving directors decamped to take up seats at other firms. What these examples suggest is that directors will ...

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