How Boards of Directors Interact as Decision-making Groups

Daniel P. Forbes and Frances J. Milliken

Chapter 44 in Handbook of Top Management Teams, 2010, pp 392-398 from Palgrave Macmillan

Abstract: Abstract We explore here the functioning of boards as decision-making groups. We contend that understanding boards as groups requires us to pay attention to the actual processes by which boards interact. We then conduct a brief review of the current state of knowledge in this area, paying particular attention to a model of board processes that identifies effort norms, cognitive conflict and the use of knowledge and skills as critical determinants of board effectiveness. We conclude by considering the implications of these ideas for research and practice.

Keywords: Corporate Governance; Procedural Justice; Cognitive Conflict; Board Characteristic; Board Process (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-30533-5_45

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DOI: 10.1057/9780230305335_45

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