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A typology of the theories of the roles of governing boards
Author(s) -
Hung Humphry
Publication year - 1998
Publication title -
corporate governance: an international review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.866
H-Index - 85
eISSN - 1467-8683
pISSN - 0964-8410
DOI - 10.1111/1467-8683.00089
Subject(s) - typology , citation , corporate governance , editorial board , sociology , history , library science , computer science , management , economics , anthropology
he main focus of this paper is to analyzethe mainstream academic thoughts onthe roles of governing boards. Six majorroles are identified: linking, coordinating,control, strategic, maintenance and supportroles. These roles are consistent with, andat the same time reflecting one of themain arguments of six different schools ofthoughts: resource dependency theory, stake-holder theory, agency theory, stewardship theory,institutional theory and managerial hegemony.A classification of the relationship betweenthese theories and the six identified roles ismade by using a typological approach. Thetypological parameters used are extrinsic andintrinsic influences, the impact of externaland internal environments, as well as func-tional and behavioural approaches. Thetypology gives rise to the need of a newtheory on the roles and functions of govern-ing boards.