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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.

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Abstract

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.

Impact and interest:

10 citations in Scopus
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4 citations in Web of Science®

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ID Code: 44487
Item Type: Journal Article
Keywords: Corporate governance codes, non-executive directors, The Netherlands
DOI: 10.1111/j.1467-8683.2007.00635.x
ISSN: 0964-8410
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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