Evaluating the effectiveness of corporate boards

Authors: Nordberg, D. and Booth, R.

http://eprints.bournemouth.ac.uk/31358/

Journal: Corporate Governance: The International Journal of Business in Society

Publisher: Emerald

ISSN: 1472-0701

DOI: 10.1108/CG-08-2018-0275

Purpose – This paper examines how board evaluations have emerged as an important tool in public policy and corporate practice for enhancing board effectiveness.

Design/methodology/approach – We review the extensive literature on effectiveness and the emerging literature on board evaluation to identify ways to assess the current policy direction for external evaluation of corporate boards.

Findings – The paper develops an integrated framework of effectiveness that can be used as a tool for board evaluation, in particular for externally facilitated exercises.

Research limitations/implications – Through its integration of prior conceptual work this paper advances our theoretical understanding of this emerging part of policy and practice, with to-date lack much empirical basis. Practical implications – The framework we develop shows ways to focus how the practice is conducted by boards and external evaluators alike.

Social implications – It can also help policy formation by pointing out the limitations as well as benefits of various policy options.

Originality/value – In pointing to ways to develop study of the field through empirical research it provides direction for future academic research. It also identifies a need for and direction toward the professionalization of practice.

This data was imported from Scopus:

Authors: Nordberg, D. and Booth, R.

http://eprints.bournemouth.ac.uk/31358/

Journal: Corporate Governance (Bingley)

ISSN: 1472-0701

DOI: 10.1108/CG-08-2018-0275

© 2018, Emerald Publishing Limited. Purpose: This paper aims to examine how board evaluations have emerged as an important tool in public policy and corporate practice for enhancing board effectiveness. Design/methodology/approach: The authors review the extensive literature on effectiveness and the emerging literature on board evaluation to identify ways to assess the current policy direction for external evaluation of corporate boards. Findings: The paper develops an integrated framework of effectiveness that can be used as a tool for board evaluation, in particular for externally facilitated exercises. Research limitations/implications: Through its integration of prior conceptual work this paper advances our theoretical understanding of this emerging part of policy and practice, with to-date lack much empirical basis. Practical implications: The framework that is developed shows ways to focus how the practice is conducted by boards and external evaluators alike. Social implications: It can also help policy formation by pointing out the limitations as well as benefits of various policy options. Originality/value: In pointing to ways to develop study of the field through empirical research, it provides direction for future academic research. It also identifies a need for and direction toward the professionalization of practice.

The data on this page was last updated at 04:48 on January 19, 2019.