Board characteristics and firm performances in emerging economies. Lessons from Romania

This study investigates correlations between board characteristics and firm performances. For this purpose, six board characteristics were chosen: (1) equilibrium between non-executive and executive members of the board of directors; (2) independence of board members; (3) selection of board members by the assistant role of the Nomination Committee; (4) training the members’ competences; (5) remuneration policy of board members by the assistant...