Investigating the development of the internal and external service tasks of non-executive directors: the case of the Netherlands (1997-2005)
Bezemer, Pieter-Jan, Maassen, Gregory , Van den Bosch, Frans , & Volberda, Henk (2007) Investigating the development of the internal and external service tasks of non-executive directors: the case of the Netherlands (1997-2005). Corporate Governance : an international review, 15(6), pp. 1119-1129.
During the last decade, globalisation and liberalisation of financial markets, changing societal expectations and corporate governance scandals have increased the attention for the fiduciary duties of non-executive directors. In this context, recent corporate governance reform initiatives have emphasised the control task and independence of non-executive directors. However, little attention has been paid to their impact on the external and internal service tasks of non-executive directors. Therefore, this paper investigates how the service tasks of non-executive directors have evolved in the Netherlands. Data on corporate governance at the top-100 listed companies in the Netherlands between 1997 and 2005 show that the emphasis on non-executive directors' external service task has shifted to their internal service task, i.e. from non-executive directors acting as boundary spanners to non-executive directors providing advice and counselling to executive directors. This shift in board responsibilities affects non-executive directors' ability to generate network benefits through board relationships and has implications for non-executive directors' functional requirements.
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|Item Type:||Journal Article|
|Keywords:||Corporate governance codes, non-executive directors, The Netherlands|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000) > BUSINESS AND MANAGEMENT (150300)|
Australian and New Zealand Standard Research Classification > LAW AND LEGAL STUDIES (180000) > LAW (180100)
|Divisions:||Current > QUT Faculties and Divisions > QUT Business School|
Current > Schools > School of Management
|Deposited On:||25 Aug 2011 08:11|
|Last Modified:||01 Mar 2012 00:35|
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