Research Handbook on the Economics of Corporate Law
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Research Handbook on the Economics of Corporate Law

Edited by Claire A. Hill and Brett H. McDonnell

Comprising essays specially commissioned for the volume, leading scholars who have shaped the field of corporate law and governance explore and critique developments in this vibrant and expanding area and offer possible directions for future research.
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Chapter 10: The Elusive Quest for Director Independence

Lisa M. Fairfax

Extract

10. The elusive quest for director independence1 Lisa M. Fairfax 1. INTRODUCTION The inside director – a director currently employed with the corporation on whose board she serves – is a dying breed. Although the inside director once dominated cor...

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