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Proxy Advisory Services: Making Glass (Lewis) Transparent -- And ISS Too
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How Independent Directors Bridge the Information Gap

Knowledge@Wharton

In the realm of corporate governance, recent research has confirmed a finding that should instinctively make sense: When a company’s board has a higher proportion of independent directors, the company itself behaves in a more transparent way. What’s less obvious is whether the greater transparency is a result of having more outside directors, or whether companies that put greater stock in transparency are more likely to acquire more outside directors...

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