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Statements

Subject Item
dbr:Celebrity_board_director
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Celebrity board director
rdfs:comment
A celebrity board director is an officer with significant influence in the company's governance decision-making process and who possesses one or more celebrity traits including credibility, goodwill, rights, image, influence, liability, and standard of value. A director's leadership and decision-making affects the governance and wealth maximization of shareholders’ wealth.
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dbc:Celebrity dbc:Board_of_directors
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1100238275
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dbc:Board_of_directors dbr:Credibility dbr:Stakeholder_theory dbr:Celebrity dbr:Rights dbr:Corporate_governance dbr:Social_capital dbr:Legal_liability dbr:Leadership dbr:Business_judgment_rule dbr:Wealth dbr:Sarbanes–Oxley_Act dbr:Social_influence dbr:Image dbr:Business_ethics dbr:Agency_theory dbc:Celebrity
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A celebrity board director is an officer with significant influence in the company's governance decision-making process and who possesses one or more celebrity traits including credibility, goodwill, rights, image, influence, liability, and standard of value. A director's leadership and decision-making affects the governance and wealth maximization of shareholders’ wealth. A question remains whether the perception of a celebrity board director is a universal phenomenon or specific to boards within the United States. A definition for celebrity is a famous person or a person who is widely known in society and business who commands a degree of public and media attention. The phenomenon of celebrity that indicates celebrity requires not only fame but also fame with an evident monetary value. In the case of a celebrity board director and corporate governance practice, the shareholders’ wealth potential is at stake. Effective corporate governance requires leadership in addition to influence. Many U.S. companies have long stocked the company’s board with a number of influential directors (see Table 1). A company’s leadership expects the celebrity component of a celebrity director to bring perceived value, press, and investor interest.
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dbr:Officer
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