{
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 "@type": "DefinedTerm",
 "@id": "https://wulfkaal.github.io/entities/board-changes",
 "identifier": "kaal:entity:board-changes",
 "name": "Board changes",
 "termCode": "board-changes",
 "inDefinedTermSet": {
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 },
 "author": {
  "@type": "Person",
  "name": "Wulf A. Kaal",
  "identifier": "https://orcid.org/0000-0003-0757-275X"
 },
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 "subjectOf": [
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2486570-016",
   "identifier": "kaal:claim:2486570-016",
   "text": "The less prevalent categories of governance change mandated by non and deferred prosecution agreements are increased monitoring at 46 percent of the sample, board changes at 38 percent, business changes at 30 percent, and senior management changes at 30 percent.",
   "abstract": "include increased monitoring re- quirements (46 percent of the sample), N/DPA mandated board changes (38 per- cent of the sample), business changes (30 percent of the sample), and changes in senior management (30 percent of the sample).",
   "citation": "Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014). SSRN: https://ssrn.com/abstract=2486570",
   "datePublished": "2014",
   "claim_type": "empirical",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "sample of 271 publicly available N/DPAs, 1993 to 2013"
   ],
   "source_pdf_sha256": "8c3981c9a55d8a3fe59a01660584eebc3feb3fb9109ca65344095bebe4ae49a4",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/2486570-023",
   "identifier": "kaal:claim:2486570-023",
   "text": "Because the board changes mandated by non and deferred prosecution agreements consist largely of additional reporting obligations and committee reform rather than removal of officers or directors, those reforms alone may not create sufficient incentives for boards and management to improve governance and avoid execution of an agreement.",
   "abstract": "These reforms alone may not create sufficient incentives for boards and management to improve governance and avoid N/DPA execution.",
   "citation": "Wulf A. Kaal, Timothy Lacine, The Effect of Deferred and Non-Prosecution Agreements on Corporate Governance Evidence from 1993-20 (2014). SSRN: https://ssrn.com/abstract=2486570",
   "datePublished": "2014",
   "claim_type": "failure",
   "confidence": "argued",
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   "source_pdf_sha256": "8c3981c9a55d8a3fe59a01660584eebc3feb3fb9109ca65344095bebe4ae49a4",
   "status": "current"
  },
  {
   "@type": "Claim",
   "@id": "https://wulfkaal.github.io/claims/kaal-2014-dynamicregulationviagove-024",
   "identifier": "kaal:claim:kaal-2014-dynamicregulationviagove-024",
   "text": "Over 97 percent of the non and deferred prosecution agreements executed in the United States between 1993 and 2013 contained governance changes, including required business changes in 30 percent and board and senior management changes in 38 percent.",
   "abstract": "Over 97% of the N/DPAs executed in the United States between 1993 and 2013 contained governance changes, including required business changes (30%), board and senior management changes (38%",
   "citation": "Kaal, Dynamic Regulation via Governmental Contracts (2014)",
   "datePublished": "2014",
   "claim_type": "empirical",
   "confidence": "evidenced",
   "is_failure_mode": false,
   "scope_conditions": [
    "United States N/DPAs executed between 1993 and 2013"
   ],
   "source_pdf_sha256": "7320aec036ccf2f6739f0854ea8749903e8902e77c2ec39543b64b358459c408",
   "status": "current"
  }
 ],
 "description": "3 claims in the published works of Wulf A. Kaal carry the concept tag 'board-changes'. Derived node: a roster, not an adjudicated definition."
}