A growing number of countries, such as UK and France, have adopted tenure-related guidelines or tenure restrictions for independent directors. Most countries adopt a comply-or-explain approach to regulating tenure recommending a maximum tenure for a corporate director between nine and twelve years. In the United States however, where explicit limits are absent, a recent survey by GMI Ratings, the leading independent provider of global corporate governance and research, shows that 24% of independent directors in Russel 3,000 firms have continuously served in the same firm for fifteen years or more.

Ferrari, Mascia, Stefano, Bonini, John, Kose e Deng, Justin. "On Long-Tenured Independent Directors" Working paper, Harvard Law School Forum on Corporate Governance, 2017.

On Long-Tenured Independent Directors

Ferrari Mascia;
2017

Abstract

A growing number of countries, such as UK and France, have adopted tenure-related guidelines or tenure restrictions for independent directors. Most countries adopt a comply-or-explain approach to regulating tenure recommending a maximum tenure for a corporate director between nine and twelve years. In the United States however, where explicit limits are absent, a recent survey by GMI Ratings, the leading independent provider of global corporate governance and research, shows that 24% of independent directors in Russel 3,000 firms have continuously served in the same firm for fifteen years or more.
Giugno
https://corpgov.law.harvard.edu/2017/06/05/on-long-tenured-independent-directors/
Harvard Law School Forum on Corporate Governance
Ferrari, Mascia; Bonini, Stefano; Kose, John; Justin, Deng
Ferrari, Mascia, Stefano, Bonini, John, Kose e Deng, Justin. "On Long-Tenured Independent Directors" Working paper, Harvard Law School Forum on Corporate Governance, 2017.
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Utilizza questo identificativo per citare o creare un link a questo documento: http://hdl.handle.net/11380/1168471
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