- 期刊
D&O INSURANCE AND BOARD MEETING ATTENDANCE: EVIDENCE FROM TAIWAN
摘要
In this paper, we attempt to link directors' and officers' liability (D&O) insurance and board meeting attendance for the purpose of revealing more factors which would influence board members' propensity to attend board meetings. With observations of listed firms in Taiwan during the period from 2008 to 2017 in both firm-year and director-year levels, our empirical findings indicate the protection of D&O insurance appears to increase directors' willingness to show up in meetings. Although recent studies tend to question the role of the D&O insurance, our results suggest that removing loss suffered by board members due to unintended failure would increase the likelihood of board meeting attendance. While higher attendance rates may not necessarily result in better firm performance, however offering protection for directors' wealth would attract directors to join board activities and thereby enhance board effectivities perhaps with better internal or external corporate governance.
參考文獻
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