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What do we know about independent corporate directors?

I recently did a review of studies published between 2008 and 2018 that explored independent directors who sit on the boards of for-profit corporations. I am going to discuss what I learned from these studies and highlight three key takeaways on director independence. What is an independent director? An independent director is “free from conflicts …

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Bankers skinny dipping in Lake Wobegon

Bankers skinny dipping in Lake Wobegon

Remember Lehman Brothers, the once stellar investment bank, now defunct? Morgan Stanley Smith Barney, the barely salvaged bank? Dexia, the former banking behemoth spanning France, Belgium, and Luxembourg, shattered into smithereens? More recently, Barclay’s Bank, one of the largest in England, has come into spotlight, and very ingloriously so. It has admitted to manipulating the …

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