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Challenges in the supervisory boardroom : an exploratory study in the Netherlands

Peij, Stefan & Bezemer, Pieter-Jan (2011) Challenges in the supervisory boardroom : an exploratory study in the Netherlands. In EURAM'11 Proceedings, Tallinn, Estonia.

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Abstract

As a consequence of recent corporate governance reforms, the work of supervisory board members in the Dutch two-tier system has become more complex. The objectives of this study are to gain more insight in the current challenges that supervisory board members face and assess whether they are well-equipped to manage them. Based on a combination of an analysis of self-assessment reports, a web-based survey and semi-structured interviews, we conclude that the major challenges of supervisory board members lie in the field of interaction and collaboration with executives. Distinct ‘challenge areas’ were relatively often perceived as problematic as well as important, highlighting the need to improve the current functioning of boards. With regard to the skills that are present on supervisory boards, we find that individual qualities, like integrity, professionalism and knowledge, are better recognized than collective qualities for the supervisory board as a whole. In particular, openness and honesty are seen as important, but often lacking. The paper highlights several implications for scholars and practitioners.

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ID Code: 43330
Item Type: Conference Paper
Keywords: Board of Directors, , , , Supervisory Board, Board Roles and Skills, Corporate Governance , Netherlands
ISBN: 9789985982471
Subjects: Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300) > Corporate Governance and Stakeholder Engagement (150303)
Divisions: Current > Research Centres > Australian Centre for Entrepreneurship
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Management
Copyright Owner: Copyright © 2010 EURAM.
Deposited On: 18 Jul 2011 09:43
Last Modified: 18 Jul 2011 09:43

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