Associate Professor of Finance Kathy Fogel was recently recognized by the Southern Finance Association.

Her research paper, titled “Powerfully Independent Directors,” was selected as the Outstanding Paper in Corporate Finance at the association’s annual meeting in November.

The Southern Finance Association meets each year to foster professional development among academics, doctoral students, and practitioners in finance. They invite scholars to present and discuss finance research.

This year’s meeting took place November 20–23, at the Waldorf Astoria El Conquistador Resort in Fajardo, Puerto Rico, and saw over 300 participants.

Fogel’s research examined the behavior and relationship between employees and their authorities in corporate governance. The research recognized non-CEO chairs and independent directors as potential rival authorities for the purpose of lessening excessive director loyalty to overpowering CEOs.

Fogel found that independent directors and non-CEO chairs could be effective in the workplace if they have enough power to challenge the CEO.