The presence of directors appointed by institutional
investors on the board is rising across countries and, accordingly,
these institutions are becoming more influential in the
corporate governance. Heidrick and Struggles (2011) find
that, although directors appointed by institutional investors
only account for 2% of British firms directorships, they
account for 40% of directorship in Spain, 35% in Belgium,
and 22% in France.
The presence of directors appointed by institutionalinvestors on the board is rising across countries and, accordingly,these institutions are becoming more influential in thecorporate governance. Heidrick and Struggles (2011) findthat, although directors appointed by institutional investorsonly account for 2% of British firms directorships, theyaccount for 40% of directorship in Spain, 35% in Belgium,and 22% in France.
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