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vCloud Director Installation and Configuration Guide vCloud Director 1.5

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Further, Fich and Shivdasani (2006) find that firms with a majority of their outside directors serving on three or more boards have lower profitability. Thus busy non- executive directors may be over-committed and therefore unable to fulfil the role of effective monitors. In addition, Vafeas (2003) reports that longer outside director tenure adversely affects firm performance. Hwang and Kim (2009) find that the existence of substantial social ties between outside directors and top management diminishes the effectiveness of the monitoring role of non-executive directors. ...
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vCloud Director Installation and Configuration Guide vCloud Director 1.5

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