The link between board composition and board objectives: an empirical analysis on Flemish non-profit schools
Cind Du Bois,
Ralf Caers,
Marc Jegers,
Rein De Cooman,
Sara De Gieter and
Roland Pepermans
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Cind Du Bois: Vrije Universiteit Brussel, Brussels, Belgium, Postal: Vrije Universiteit Brussel, Brussels, Belgium
Ralf Caers: Vrije Universiteit Brussel, Brussels, Belgium, Postal: Vrije Universiteit Brussel, Brussels, Belgium
Marc Jegers: Vrije Universiteit Brussel, Brussels, Belgium, Postal: Vrije Universiteit Brussel, Brussels, Belgium
Rein De Cooman: Vrije Universiteit Brussel, Brussels, Belgium, Postal: Vrije Universiteit Brussel, Brussels, Belgium
Sara De Gieter: Vrije Universiteit Brussel, Brussels, Belgium, Postal: Vrije Universiteit Brussel, Brussels, Belgium
Roland Pepermans: Vrije Universiteit Brussel, Brussels, Belgium, Postal: Vrije Universiteit Brussel, Brussels, Belgium
Managerial and Decision Economics, 2009, vol. 30, issue 3, 173-182
Abstract:
Flemish non-profit schools have no legally imposed composition rules with respect to their board of directors. Hence, large variation exists in their size and composition. We argue that these differences in board composition can result in different policies followed by the board. To empirically test this hypothesis we question the board's chairpersons of Flemish non-profit schools about the objectives set forward by the board. Ordered probit regressions on the importance attached to different educational objectives provide support for our hypothesis and thus alert policy makers to account for the linkages between objectives and board characteristics when formulating legislation with respect to school board composition. Copyright © 2008 John Wiley & Sons, Ltd.
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:wly:mgtdec:v:30:y:2009:i:3:p:173-182
DOI: 10.1002/mde.1443
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