A typology of the theories of the roles of governing boards (original) (raw)
1998, Corporate Governance
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This paper analyzes the various roles of governing boards, identifying six major roles—linking, coordinating, control, strategic, maintenance, and support. It classifies these roles according to six theories: resource dependency, stakeholder, agency, stewardship, institutional, and managerial hegemony, proposing a typological framework based on extrinsic and intrinsic influences. Emphasis is placed on the need for a unifying theory that integrates these perspectives to further advance corporate governance studies.
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