What do we know about what is going on inside the boardroom?

Claude Francoeur, Caroline Aubé, Samuel Sponem () and Faranak Farzaneh
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Claude Francoeur: HEC Montréal - HEC Montréal
Caroline Aubé: HEC Montréal - HEC Montréal
Samuel Sponem: HEC Montréal - HEC Montréal
Faranak Farzaneh: HEC Montréal - HEC Montréal

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Abstract: Purpose The fundamental role of corporate boards is to monitor and advise top management on strategic issues. It is therefore of the utmost importance that corporate directors are effective as a decision-making group to ensure corporate performance (Zattoni et al., 2015; Minichilli et al., 2012). But, what do we know about what is really going on inside the boardroom? This study aims to shed light on this important question. Design/methodology/approach The authors undertake a targeted review of the literature to take account of all publications regarding board dynamics in relation to board effectiveness. Findings This study shows that we know very little about what is going on inside the "black box" of board dynamics and its relation to how effective directors are at doing their job, namely, monitoring and advising top management and establishing and expanding the firm's network, to gain access to the resources it needs. The authors propose several avenues of research to better understand board dynamics. Originality/value In this study, the authors show how and why the present body of knowledge on team effectiveness should be harnessed to better understand corporate board dynamics in relation to board effectiveness.

Keywords: Board effectiveness; Board dynamics (search for similar items in EconPapers)
Date: 2018-08-13
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Citations: View citations in EconPapers (1)

Published in Team Performance Management, 2018, 24 (5/6), pp.250 - 264. ⟨10.1108/TPM-07-2017-0033⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:halshs-01913077

DOI: 10.1108/TPM-07-2017-0033

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