The effectiveness of supervisory boards : an exploratory study of challenges in Dutch boardrooms
Peij, Stefan , Bezemer, Pieter-Jan, & Maassen, Gregory (2012) The effectiveness of supervisory boards : an exploratory study of challenges in Dutch boardrooms. International Journal of Business Governance and Ethics, 7(3), pp. 191-208.
Triggered by highly publicized corporate scandals, changing societal expectations and the collapse of financial markets, the roles of boards of directors have changed significantly in safeguarding the interest of shareholders and other stakeholders. Yet relatively little is known about contemporary challenges non-executive directors face and whether their boards are well-equipped for their new tasks. Based on self-assessment reports by supervisory boards, a survey and interviews with supervisory board members, this paper investigates the challenges non-executive directors face in the Netherlands, particularly after a decade of corporate governance reform. Non-executive directors’ inadequate role in scrutinizing executive directors’ performance, information asymmetries and dysfunctional working relationships between executive and non-executive directors are among the greatest challenges indicated by non-executive directors on Dutch supervisory boards. The paper discusses several implications for scholars and practitioners and provides a unique insight in boardroom dynamics (word count: 138).
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|Item Type:||Journal Article|
|Keywords:||Supervisory board of directors, Boardroom challenges, Board roles and skills, Corporate governance, Boardroom group dynamics|
|Subjects:||Australian and New Zealand Standard Research Classification > COMMERCE MANAGEMENT TOURISM AND SERVICES (150000)|
|Divisions:||Current > Research Centres > Australian Centre for Philanthropy and Nonprofit Studies|
Current > QUT Faculties and Divisions > QUT Business School
Current > Schools > School of Accountancy
|Copyright Owner:||Copyright 2012 Inderscience|
|Deposited On:||07 Nov 2012 09:45|
|Last Modified:||02 Oct 2013 15:00|
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