RESEARCH TOPICS
Governance structures have an impact on
decision making within the firm, as well as on the entrepreneurial room for
manoeuvre of the firm's managers. Independent directors, (CEO) duality, and
various committees: the structures of firm governance have undergone profound
change in recent years, at least in appearance.
Recent academic research has sought to
discover a link between these structures of governance and firm performance.
Over time, it has begun to seem as if there exists no conclusive link between
governance structure and performance. At least that is the conclusion of
most recent research. It is impossible to clearly prove that board
structure, the presence of independent directors, or the existence of
committees enhances firm performance.
There are, however, two areas of research appear promising:
The first area deals with the question of whether, over time,
practices of «good governance» lead to better performance.
Using our
databases, and with the benefit of a longer time frame, we are able to
measure the true effects of adherence to these «best practices» of
governance, as well as the usefulness of governance structures that go beyond
mere box ticking. We have tested the effects of remuneration committees on
boards, director selection, and the presence of employee directors on firm
boards. Results of this research will allow us to better identify the
effects of individual director behaviour, as well as of the level of director
competence, on firm performance.
The second area seeks to examine the link between structures of
corporate governance and firm strategy.
It is reasonable to believe that
corporate governance has a direct effect on the entrepreneurial autonomy of
managers, and therefore, on the selection of firm strategy. By means of both
quantitative and qualitative research, we seek to determine whether there is
a link between a firm's governance structures and the strategies it pursues.
We are undertaking this research by examining large firms, family firms, and
firms that are growing.
If you would like to contribute to this
research stream, contact
Zied Guedri
To be kept up to date about this research
area,
subscribe to our newsletter.
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ENDORSEMENT
"The support from IFGE is crucial for the Directors club of EM LYON Alumni.
Pierre-Yves Gomez and his team bring us their wide expertise".
Alain DOMENGET, president club of directors EM-LYON
The IFGE database:
Our database brings
together the CV's of all managers and board members who have served on the
SBF 250 firms since 2000. It contains thousands of pieces of information
about the job titles, education, skills, and other pertinent demographic data
concerning the key actors of corporate governance.
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