Board Risk Oversight and Corporate Tax-Planning Practices
Available Until
1.00 Credits
Member Price $49
Non-Member Price $59
Overview
Risk oversight by the board of directors is a key component of a firm’s enterprise risk management framework, and recently, boards have paid more attention to their firm’s tax-planning activities. In this study, we use a hand-collected sample of proxy statement disclosures about the board’s role in risk oversight and provide evidence that risk oversight is negatively associated with both tax uncertainty and overall tax burdens. We find that risk oversight is most strongly associated with positions that yield permanent tax benefits and also with less risky tax-planning activities. Overall, the evidence suggests that board risk oversight is associated with more effective tax-planning practices.
Highlights
Tax Planning
Prerequisites
None.
Designed For
Everyone.
Objectives
To identify the Board Risk Oversights and Corporate Tax-Planning Practices
Preparation
None.
Non-Member Price $59
Member Price $49