The role of the board of directors: Perceptions of managerial elites

Gavin Nicholson and Cameron Newton

Journal of Management & Organization, 2010, vol. 16, issue 2, 204-218

Abstract: We highlight how directors and senior managers perceive the roles of a board to involve overseeing risk and compliance, strategy, governance, developing the CEO and senior management and managing stakeholders. We find that managers and directors perceive board effectiveness as linked to different combinations of these roles and that there appear to be differences in perceptions between different types of firms. We conclude that clarity around the board's role set is critical to furthering the corporate governance research agenda, and that the relationship between board roles and perceived board effectiveness differs between managers and directors.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:cup:jomorg:v:16:y:2010:i:02:p:204-218_00

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