Multiple directorships and board meeting frequency: evidence from France

Abstract

This article examines the relationship between multiple directorships of directors and board meeting frequency. Precisely, using an ordered probit model, we empirically investigated the effect of accumulation of outside directorships by directors on board meeting frequency. The research sample is composed of 90 nonfinancial French-listed firms that belong to the SBF 120 index, over the period 2008 to 2010. The results suggest that multiple directorships by board members are positively associated with board meeting frequency. So, the findings indicate that the accumulation of outside directorships by directors may motivate the board of directors to meet more frequently.

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