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DEVELOPING AN INDEX OF SUPERVISORY BOARD EFFICIENCY


Tipurić, Darko; Mešin, Marina
DEVELOPING AN INDEX OF SUPERVISORY BOARD EFFICIENCY // Proceedings of the 1st International OFEL Conference on Corporate Governance / Tipurić, Darko ; Podrug, Najla (ur.).
Zagreb: CIRU - Governance research and development centre, 2013. str. 1-14 (predavanje, međunarodna recenzija, cjeloviti rad (in extenso), znanstveni)


Naslov
DEVELOPING AN INDEX OF SUPERVISORY BOARD EFFICIENCY

Autori
Tipurić, Darko ; Mešin, Marina

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Proceedings of the 1st International OFEL Conference on Corporate Governance / Tipurić, Darko ; Podrug, Najla - Zagreb : CIRU - Governance research and development centre, 2013, 1-14

ISBN
978-953-57413-2-9

Skup
1st International OFEL Conference on Corporate Governance - Organizational, Financial, Ethical and Legal Issues of Corporate Governance

Mjesto i datum
Dubrovnik, Hrvatska, 12.04.2013

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Board efficiency; corporate governance; supervisory board

Sažetak
The board is an important internal mechanism of corporate governance. Due to its position in the corporation it is a kind of mediator between shareholders and top management. The effectiveness of the Supervisory Board is defined by the quality, that is, by efficient performance of its tasks in assuming these three roles. In this study we develop an index of the Supervisory Board efficiency as a composite measure consisting of five key areas: 1) selection of quality top management and replacement of underperforming ones ; 2) selection of an appropriate level of managerial discretion ; 3) a balance between control mechanisms and trust in top management ; 4) appropriate ratio between fixed and variable compensation of top management and 5) the appropriate level of participation in the preparation, authorization, evaluation and monitoring of strategic decisions. We have empirically tested the index on a sample of Croatian public companies.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija



POVEZANOST RADA


Projekt / tema
067-0671204-0823 - Korporativno upravljanje i konkurentnost hrvatskih poduzeća (Darko Tipurić, )

Ustanove
Ekonomski fakultet, Zagreb