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Simon Ian Peck
Former Member
Title
Prof. Ph.D.
Last Name
Peck
First name
Simon Ian
Phone
+41 71 224 2448
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1 - 10 of 11
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PublicationNationality and Gender Diversity on Swiss Corporate BoardsFor a sample of 210 Swiss publicly listed firms we analyse the characteristics of all 1678 directors in the year 2003 in order to investigate how board members' nationality and gender interact with directors' level of independence, number of other directorships and demographic characteristics. Our results suggest that whereas foreign directors tend to be more independent, women directors are more likely to be affiliated to firm management through family ties and that foreign directors hold significantly lower numbers of directorships at other Swiss boards. Female and foreign directors also differ in terms of educational background, educational level, age and board tenure. Some of our gender diversity findings are different from previous research. We conclude that in order to manage diversity on corporate boards it is imperative to understand the characteristics, qualifications and affiliations that these directors bring to the boardroom and that it is important to take national circumstances into account rather than relying on research results from other countries.Type: journal articleJournal: Corporate Governance: An International ReviewVolume: 15Issue: 4
Scopus© Citations 264 -
PublicationBoard Characteristics and Involvement in Strategic Decision Making: Evidence from Swiss CompaniesBoards of directors have a number of roles. The board's monitoring function has been the subject of much work. Less examined is the role that the board has in setting company strategy. This paper uses agency and network perspectives in developing and testing the relationship between board characteristics and involvement in strategic decision making. Using primary and secondary data, our results suggest that the level of board involvement in strategic decision making is related to a number of governance variables. We demonstrate that involvement is generally lower where boards are highly interlocked. We also show that certain types of board interlocks - namely horizontal (same industry) and those involving direct links with the banking sector - are particularly associated with this negative effect. There is weaker evidence that board strategic involvement is lower where the roles of company chief executive and chair are combined. We find no evidence that factors such as board size, or the percentage of outside directors per se are related to board involvement in strategic decision making. In doing so, this paper adds to the growing literature synthesizing the structural features and processes of boards.Type: journal articleJournal: Journal of Management StudiesVolume: 43Issue: 5
Scopus© Citations 185 -
PublicationThe Determinants and Effects of Board Nomination CommitteesThis article assesses the corporate governance-related antecedents of nomination committee adoption, and the impact of nomination committees' existence and their composition on board independence and board demographic diversity. We conducted a longitudinal study of board composition amongst 210 Swiss public companies from January 2001 through December 2003, a period during which the Swiss (Stock) Exchange (SWX) introduced new corporate governance-related disclosure guidelines. We find firms with nomination committees are more likely to have a higher number of independent and foreign directors, but not more likely to have a higher number of female board members. Further, the existence of nomination committees is associated with a higher degree of nationality diversity but is not related to board educational diversity. We also find that nomination committee composition matters in the nomination of independent and foreign, but not of female directors. Our results suggest that understanding different board roles and composition require a multi-theoretical approach, and that agency theory, resource-dependence theory and group effectiveness theory help to explain different aspects of board composition and effectiveness. Finally, the article discusses the concept of diversity and appropriate ways to study diversity in a boardroom context.Type: journal articleJournal: Journal of Management and GovernanceVolume: 10Issue: 2
Scopus© Citations 124 -
PublicationHiding behind the flag? Prospects for Change in German Corporate GovernanceThis paper summarises the views of 149 company Chairmen from the top 500 publicly listed German companies on a number of significant issues relating to the German corporate governance system. In the wake of some high profile mergers involving German companies and the publication of OECD Principles on corporate governance, we used a fax survey to canvass views on a range of topics including shareholders rights, the structure and accountability of supervisory boards, the role for codes of conduct, shareholder participation and top management compensation. The results of the survey suggest company chairmen are divided on a number of these issues which may have implications for any reform of the German system. We also find evidence of the adoption of key board committees dealing with audit, compensation and nominating matters. Further analysis of the survey results shows that larger companies are generally against reform to make supervisory boards more independent and accountable for company performance. The German financial sector, and banks in particular, which have played a pivotal role in the corporate governance system, are also shown to be largely against measures to increase direct shareholder involvement in corporate governance affairs and measures to increase disclosure of executive compensation. We suggest that opinions on corporate governance arrangements are unlikely to be reconciled by the OECD Principles in Germany, and may indeed run counter to many of them.Type: journal articleJournal: European Management JournalVolume: 18Issue: 4
Scopus© Citations 17 -
PublicationType: journal articleJournal: Management International Review. Special IssueVolume: 39Issue: 2
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PublicationCEO generalist experience and CEO pay(Academy of Management Conference, 2019-08)
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PublicationWhen more pays less: CEO career variety and CEO initial compensation( 2018-08)
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PublicationType: conference paper
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PublicationNew diversity at corporate boards( 2005-05-06)
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PublicationHappy few, band of brothers? Determinants and effects of board nomination committees in Switzerland( 2005-08-08)