The Board of Directors as a Missed Opportunity

Mark Fenwick (), Erik P. M. Vermeulen (), Toshiyuki Kono () and Tronel Joubert ()
Additional contact information
Mark Fenwick: Kushu University
Erik P. M. Vermeulen: Tilburg University
Toshiyuki Kono: Kyushu University
Tronel Joubert: Tilburg University

Chapter Chapter 2 in Organizing-for-Innovation, 2023, pp 29-44 from Springer

Abstract: Abstract In traditional models of corporate governance, authority and power flows downwards from the shareholders through the board of directors/supervisory board to executives and then management and eventually the employees. Governance mechanisms are primarily aimed at curtailing agency problems, notably those that arise between owners and self-serving executives or between executives and self-serving managers.

Date: 2023
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DOI: 10.1007/978-981-19-7234-8_2

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