Three Essays In Corporate Governance

Abstract

This dissertation examines exploring how a board structure protects and creates shareholder value. The main responsibilities of a board of directors are to enhance the shareholder value by setting a strategic direction for the firm, monitoring, and advising managers. A structure of a board of directors could range from board size, independent board ratio to gender diversity, inside-outside chairperson, committee designs. How exactly a board structure could create value and through what channels are one of the biggest challenges in corporate finance.