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The Nominations Process and Corporate Governance ‐ A Missing Link?

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  • Brian G.M. Main

Abstract

Using data collected through a series of interviews with top executives at 24 large British companies, this paper examines current practice in the selection and use of non‐executive directors on British boards. The process appears to be dominated by the influence of the chairman. In very few cases are there nomination committees in operation. The typical nonexecutive will serve for around 12 years and some for much longer. There is little scope for shareholder participation in the nominations process. These and other findings are analyzed from the perspective of the recent Cadbury Committee Report.

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  • Brian G.M. Main, 1994. "The Nominations Process and Corporate Governance ‐ A Missing Link?," Corporate Governance: An International Review, Wiley Blackwell, vol. 2(3), pages 161-161, July.
    • Handle: RePEc:bla:corgov:v:2:y:1994:i:3:p:161-161
    DOI: 10.1111/j.1467-8683.1994.tb00072.x
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