Artikel

Board characteristics and board committees in the Greek corporate governance

The paper investigates board characteristics and committees' structure in the Athens Stock Exchange (ATHEX) using unique data culled from the database of the Hellenic Observatory of Corporate Governance. The current corporate governance framework applying in Greece is also analysed while comparisons with the international experience are offered. In Greece, while the Law calls for the need to have a Committee comprising of non-executive Board of Directors (BoD) members, it permits the participation of non-BoD members that collectively fulfill the independence criteria as laid out by Law 4706. L.4449 introduced the current Audit Committee composition and operation framework and the accompanying tighter monitoring role on the part of the Hellenic Capital Market Commission (HCMC) and the Hellenic Accounting and Auditing Oversight Board (HAASOB), has undoubtedly overhauled all the audit framework. The average number of committees per listed firm in the Greek stock exchange almost reached the two-committee threshold only in 2018. Average board size is 7.85 members slightly smaller than the average size for major markets around the globe. This shows the potential for an increase in Board size given also recent regulatory changes necessitating the gender representation of at least 25% in the Board of public firms.

Sprache
Englisch

Erschienen in
Journal: CES Working Papers ; ISSN: 2067-7693 ; Volume: 13 ; Year: 2021 ; Issue: 4 ; Pages: 400-417

Klassifikation
Wirtschaft
Thema
board size
audit committee
corporate governance
Greek corporate governance code

Ereignis
Geistige Schöpfung
(wer)
Grose, Chris
Koufopoulos, Dimitrios
Gkliatis, Ioannis
Athanasiadis, Konstantinos
Fygkioris, Michail
Ereignis
Veröffentlichung
(wer)
Alexandru Ioan Cuza University of Iasi, Centre for European Studies
(wo)
Iasi
(wann)
2021

Letzte Aktualisierung
20.09.2024, 08:21 MESZ

Datenpartner

Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.

Objekttyp

  • Artikel

Beteiligte

  • Grose, Chris
  • Koufopoulos, Dimitrios
  • Gkliatis, Ioannis
  • Athanasiadis, Konstantinos
  • Fygkioris, Michail
  • Alexandru Ioan Cuza University of Iasi, Centre for European Studies

Entstanden

  • 2021

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