Our hypotheses were tested in the unique Belgian setting with the Belfirst database containing detailed financial and directors' information.
CUPRUM AFP WIKIPEDIA FULL
Furthermore, high growth ventures seem to require full commitment of the CEO and suffer from lower performance if the CEO is busy. A busy board would compensate for the negative performance effect of a busy CEO. However, the board's busyness and firm growth seem to moderate the busy CEO-performance relationship.
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Results also suggest that a busy CEO negatively influences performance. except for high growth ventures in which a busy board seems to be detrimental to performance. En Educación, Carlos Alberto Délano y Carlos Eugenio Lavín contribuyeron a la creación de la Universidad del Desarrollo desde el año 1990. Cuprum fue vendida a Principal Financial Group en 2012.
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Results reveal that a busy board positively influences performance. En el área de ahorro previsional, Penta fue controlador de AFP Cuprum, administrando activos por más de 20.000 millones de dólares. Recently, more formal governance guidelines for SMEs emerged and strongly recommended the adoption of outside directors, making the discussion about multiple directorships in unlisted SMEs relevant as well. During the last decade, several studies examined the benefits and detriments of multiple directorships in listed firms.