In about one in every four deals, the CEO of an acquired firm is awarded a merger bonus according to a recent study. Also target shareholders received inferior premiums when their firms were sold while their CEOs received a merger bonus.

Based on his research, Wes Gray, PhD, assistant professor of finance, thinks that CFOs can overcome biases to reduce forecasting errors.

From networking with peers to confronting complex economic questions and ethical issues, men and women who sit on corporate governance boards say that it is a rewarding experience.