Pension Fund Ownership and the Board of Directors

In the last few decades, the governance role of institutional investors in firms in which they hold large stakes has become a contentious topic. In the UK, given the importance afforded to the board of directors and the attention bestowed on institutional investors in the regulatory environment, it is important to understand the relationship between institutional investors and board structure. Specifically, are institutional shareholding and pension fund ownership positively related to a board composition that provides better monitoring of the management? Pension Fund Ownership and the Board of Directors provides important empirical evidence and discussion on this topical subject. Researchers, lecturers and accounting and finance students will find the book useful.