CGIR Best Paper Award

• DOI: http://doi.org/10.1111/corg.12295
• Date: 01 July 2019
• Published date: 01 July 2019

ANNOUNCEMENT

CGIR Best Paper Award

Every year, Corporate Governance: An International Review recognizes

the most relevant and rigorous studies published in the journal with

our Best Paper and runner‐up Award. Since 2015, the Geneen Insti-

tute of Corporate Governance sponsors these two awards with

$7,500 for the best paper and $2,500 for the runner‐up.

Distinguished members of the CGIR Editorial Advisory Board nom-

inate those papers published in CGIR in the previous year which they

view to be particularly relevant to corporate governance issues and

significantly advance the field. These nominated papers are then eval-

uated and ranked by a selection committee consisting of experienced

CGIR Editors and a representative from the Geneen Institute.

At the end of this competitive selection process, the best paper

and the runner‐up are announced in the journal and on our webpage.

Moreover, the authors receive a personal plaque and the above prizes

to commemorate their exemplary research.

We are happy to announce this year's winners of the Best Paper

Award:

2018 Best Paper

The influence of board chairs on director engagement:

A case‐based exploration of boardroom decision‐

making

Pieter‐Jan Bezemer, Gavin Nicholson and Amedeo Pugliese

Corporate Governance: An International Review 2018;26:219–234.

Using a combination of video‐taped board meetings and semi‐

structured interviews with directors, this study seeks to understand

how board chairs tend to shape the context for other directors to

engage in their governance roles. The role of the chair is viewed as

somewhat paradoxical as it requires both strong leadership and more

subtle tactics to enable other directors to engage in their governance

roles. One CGIR Advisory Board member praised the article by men-

tioning: “I am a big advocate of contingency perspectives. As such,

their assessment of the chair role as a paradox is quite interesting to

me. Second, I think that the temporal emphasis is also quite important.

Finally, their combination of videotape sessions and interviews repre-

sent a very rich source of data, which is rarely seen.”Another CGIR

Advisory Board member put forward: “I believe that most of the

tenets of corporate governance occur inside the boardroom, yet we

researchers find it difficult to study boardroom behaviors. These

researchers succeeded. They interviewed board members and also

video‐taped some board meetings. They focused on the role of chair,

which is critically important. They developed some important, very rel-

evant, and seemingly counterintuitive findings. We need more

research like this.”

2018 Runner‐up Paper

The market for independent directors

Lei Chen and Frank Moers

Corporate Governance: An International Review 2018;26:429–447.

This article analyzes how the market for independent directors

evolved in the US between 1996 and 2006 and responded to more

stringent levels of scrutiny. The authors demonstrate that the

demand‐supply framework adequately captures this specific type of

market. The value of this paper is described well by one CGIR Advi-

sory Board member who explains that the authors “begin with the

useful insight that the demand for independent directors expanded

at the same time that the supply contracted due to the backlash

against busy directors”and concludes that their “evidence on how

the market responded is interesting and increases our understanding

of the types of boards to which individual directors are attracted”.

Congratulations to the authors on this achievement! We thank them

for their contributions to the journal and hope that these articles will

receive their deserved attention.

DOI: 10.1111/corg.12295

Corp Govern Int Rev. 2019;27:317. © 2019 John Wiley & Sons Ltdwileyonlinelibrary.com/journal/corg 317