Trends and Development in Top Management Teams: Evidence from UK Panel Data
Subject
Accounting
Publishing details
Publication Year
2001
Abstract
A considerable amount of research has been given to the board of directors. Little interest, however, has been shown to the top management team itself and the individual leaders. Based on a sample of the 460 largest UK listed companies during the period 1990-1998 this paper documents new evidence regarding: a) the recent developments in the structure of UK top management teams, b) the implications of joint CEO/Chair roles, and c) the profile of all senior managers and individual leaders in UK companies. It is concluded that there have been important shifts in the composition of British top management teams over the last decade, there are significant managerial differences between combined and non-combined CEO/Chair positions as well as between the individual leaders and the rest senior managers, and that there has been a fall in the use of executive stock compensation.
Series Number
ACCT 029
Series
Accounting Working Paper
Available on ECCH
No
