STRUCTURE OF CORPORATIONS AND THEIR GOVERNANCEGOLDEN PARACHUTESCEO SEVERANCE PAYMENTSREFORM OF EXCESSES OF GOLDEN PARACHUTES AND SEVERANCE PAYMENTSMANAGERIAL COMPENSATION, MERGERS, AND TAKEOVERSCEO COMPENSATION AND POWERCOMPENSATION CHARACTERISTICS OF BOARDS THAT ARE MORE LIKELY TO KEEP AGENCY COSTS IN CHECKROLE OF THE BOARD OF DIRECTORSREGULATORY STANDARDS FOR DIRECTORSANTITAKEOVER MEASURES AND BOARD CHARACTERISTICSDISCIPLINARY TAKEOVERS, COMPANY PERFORMANCE, CEOS, AND BOARDSMERGER STRATEGY AND CORPORATE GOVERNANCECEO COMPENSATION AND M&A PROGRAMSDO BOARDS REWARD CEOS FOR INITIATING ACQUISITIONS AND MERGERS?CEO COMPENSATION AND DIVERSIFICATION STRATEGIESAGENCY COSTS AND DIVERSIFICATION STRATEGIESINTERESTS OF DIRECTORS AND M&ASMANAGERIAL COMPENSATION AND FIRM SIZECORPORATE CONTROL DECISIONS AND THEIR SHAREHOLDER WEALTH EFFECTSDOES BETTER CORPORATE GOVERNANCE INCREASE FIRM VALUE?CORPORATE GOVERNANCE AND COMPETITIONEXECUTIVE COMPENSATION AND POSTACQUISITION PERFORMANCEMERGERS OF EQUALS AND CORPORATE GOVERNANCE