Presented By
Professor Byung Min
Program Director of Bachelor of Asian Business
Griffith Business School
Griffith University

Abstract
The recurrent corporate scandals across economies illustrate the importance of both the establishment of a good corporate governance system and the efficient operation of this system. Our endogeneity-free empirical study illustrates both outside director’s personal characteristics and social context are crucial to understand their board meeting attendance. The three-level random coefficients models using a unique dataset in Korea where corporate governance system has been significantly changed suggest that communication skills, independent appointment process, professional knowledge about business operation and accumulated firm-specific knowledge are important factors affecting outside directors’ attendance. A further analysis illustrates that either an independent appointment process or a firm appointed outside director more than statutory requirement encourages outsiders’ attendance in egalitarian way.

When

30 September 2011
12:00pm - 1:00pm

Where

University Centre, BLD 06_04_03
Bond University

Contact Information

Doreen Taylor
Research Program Advisor
Faculty of Business
Telephone: +61 7 5595 0213