Accommodating Two Worlds in One Organization: Changing Board Models in Agricultural Cooperatives

Jos Bijman, George Hendrikse and A.A.C.J. van Oijen

ERIM Report Series Research in Management from Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam

Abstract: While most economic organisation literature on cooperatives has focused on changes in income rights, we study changes in the allocation of decision rights between board of directors (representing members) and managers. The traditional role of the board is to direct the activities of the managers. However, professional management increasingly makes most strategic decisions, pushing the board into a supervisory role. We present two groups of findings on changing board – management relationships. We identify three corporate governance models: traditional model, management model, and corporation model, and we present an empirical illustration showing a relationship between the choice of board model and product portfolio and performance.

Keywords: board; cooperatives; corporate governance; diversification; management (search for similar items in EconPapers)
JEL-codes: L2 Q13 (search for similar items in EconPapers)
Date: 2012-08-08
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Citations: View citations in EconPapers (1)

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