When Outside Directors Resign: Go Publicly or Leave Quietly?

Xiaodong Qiu; Largay, III, James A.
May 2010
Academy of Management Perspectives;May2010, Vol. 24 Issue 2, p86
Academic Journal
The article reports on a study which investigated patterns in the resignation of outside directors from corporate boards, and their implications for the firms involved. The research, conducted by Michaël Dewally and Sarah Peck of Marquette University, was published in the "Journal of Corporate Finance" under the title "Upheaval in the boardroom: Outside director public resignations, motivations, and consequences." It found that younger directors were more likely to make a public statement of their reasons for resigning, and that cases in which they resigned due to conflict were typically followed by management shake-ups.


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