Research Tilburg Law School

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Erik P.M. Vermeulen’s new article on Board Evaluation featured on the Harvard Law School Forum on Corporate Governance and Financial Regulation

Erik P.M. Vermeulen's new article of "Board Evaluation: International Practice” (with Mark Fenwick) was posted on the Harvard Law School Forum on Corporate Governance and Financial Regulation on November 7.

The paper assesses regulatory measures aimed at promoting meaningful board evaluation. An empirical study of twenty different jurisdictions was conducted employing multiple criteria. The jurisdictions were classified into five groups ranging from no legal provision for board evaluation to jurisdictions with detailed rules and procedures.

The evidence presented in the paper seems to indicate that companies that are listed in countries with more specific principles and rules, as well as substantive guidance on “best practice” do tend to adopt more meaningful and open forms of board evaluation practice than their counterparts in jurisdictions with no or less detailed requirements, i.e., there seems to be evidence that “law matters” in this context.