When it comes to corporate governance standards in listed shipping companies, size matters, a recently released academic paper shows.
A study by a group of four Greek scholars found bigger boards and bigger companies can protect minority shareholders of listed companies against related-party transactions (RPTs).
“If corporate leaders and regulators want to shield public companies against the transfer of resources to companies that are affiliated with controlling shareholders, they could foster large and independent boards of directors as well as promote large-size companies.”
