Governance, board independence, sub committees and firm performance: Evidence from Australia
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Authors
Singh, W.
Evans, Robert
Evans, John
Date
2011Type
Conference Paper
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Singh, Wanachan and Evans, Robert T. and Evans, John P. 2011. Governance, board independence, sub committees and firm performance: Evidence from Australia, in C. Prachalias (ed), 8th International Conference on Applied Financial Economics (AFE), Jun 30 - Jul 02 2011. Samos Island, Greece: Research and Training Institute of the East Aegean (INEAG).
Source Title
Proceedings of the 8th international conference on applied financial economics
Source Conference
AFE ( Annual Applied Financial Economics conference in Samos Island, Greece)
ISSN
School
Graduate School of Business
Collection
Abstract
This study investigates whether the monitoring of company management by an independent board of directors serves to enhance firm performance in Australia. The paper is of interest in that it explores the impact of sub-committees such as audit, remuneration, and nomination as well as the quality and size of the audit firms. From the perspective of a regulator our findings have implications and suggest that the imposition of sub-committees and the respective composition does not in itself align the interest of managers and shareholders.