1 option
The Evolution of Bank Boards of Directors in New York, 1840-1950 / Howard Bodenhorn, Eugene N. White.
- Format:
- Book
- Author/Creator:
- Bodenhorn, Howard.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w20078.
- NBER working paper series no. w20078
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2014.
- Summary:
- Contemporary bank governance is criticized for manager-dominated (insider) boards of directors, but from the beginning of the nineteenth century, bank presidents appear also to have operated as chairmen of the boards of directors. However, the managers were constrained by a variety of rules that tended to align the interests of management, shareholders and other stakeholders until the mid-twentieth century. We trace this development through New York banking law and new data on banks chartered by the State of New York.
- Notes:
- Print version record
- April 2014.
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