12. Corporate Governance

  1. Patrick A. Gaughan

Published Online: 5 JAN 2012

DOI: 10.1002/9781118269077.ch12

Mergers, Acquisitions, and Corporate Restructurings, Fifth Edition

Mergers, Acquisitions, and Corporate Restructurings, Fifth Edition

How to Cite

Gaughan, P. A. (2010) Corporate Governance, in Mergers, Acquisitions, and Corporate Restructurings, Fifth Edition, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118269077.ch12

Publication History

  1. Published Online: 5 JAN 2012
  2. Published Print: 11 OCT 2010

ISBN Information

Print ISBN: 9780470561966

Online ISBN: 9781118269077



  • corporate governance;
  • goldman sachs;
  • accounting scandals;
  • governance problems;
  • mergers and acquisitions


This chapter contains sections titled:

  • Failed Corporate Governance: Accounting Scandals

  • Sarbanes-Oxley Act

  • Other Regulatory Changes

  • Corporate Governance

  • Golden Parachutes

  • Managerial Compensation, Mergers, and Takeovers

  • CEO Compensation and Power

  • Compensation Characteristics of Boards That Are More Likely to Keep Agency Costs in Check

  • Role of the Board of Directors

  • Interlocking Boards

  • Independence of Directors

  • Regulatory Standards for Directors

  • Antitakeover Measures and Board Characteristics

  • Disciplinary Takeovers, Company Performance, CEOs, and Boards

  • Merger Strategy and Corporate Governance

  • Do Boards Reward CEOs for Initiating Acquisitions and Mergers?

  • CEO Compensation and Diversification Strategies

  • Agency Costs and Diversification Strategies

  • Interests of Directors and M&As

  • Managerial Compensation and Firm Size

  • Corporate Control Decisions and Their Shareholder Wealth Effects

  • Does Better Corporate Governance Increase Firm Value?

  • Corporate Governance and Competition

  • Executive Compensation and Postacquisition Performance

  • Mergers of Equals and Corporate Governance

  • Summary