The Anomalous Market for Independent Corporate Directors Constrains Global Competitiveness

Harry Broadman discusses perceptions of the competitive structure and governance performance of public company boards and data on competition in the market for board directors. He writes that, “at the same time blunted competition in the market for independent corporate directors erodes the likelihood of robust governance conduct in boardrooms, the absence of vigorous governance behaviors, including refraining from posing what might be seen by some as ‘rock the boat’ boardroom questions, can stifle the free play of competitive forces in the market for selecting independent corporate directors.”

Read his full article.