Strategic Management Journal · 1991 · 639 citations · 47 references
Public AffairsBusiness AdministrationCorporate GovernanceBoard LeadershipCorporate FinanceExecutive PowerBoard CompositionBoard Decision-makingBoard GovernanceBoard OversightBoard RolesBoard StructureBoard CharacteristicsBoard Effectiveness AssessmentBoard Governance EffectivenessBoard Leadership StyleChief Executive Officer OversightChief Executive Officer-board RelationsCorporate Performance Measurement
Abstract A typology of the relative powers of the chief executive officer and the board of directors was derived based on the literature, highlighting four situations: Caretaker, Statutory, Proactive and Participative boards. Data collected from Fortune 500 Industrial and Fortune 500 Service corporations supported the typology. The results showed significant differences among the four board types in their characteristics, internal process, decision‐making styles, board effectiveness, and contribution to company performance. Powerful boards were associated with superior corporate financial performance.
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Separation of Ownership and Control
Eugene F. Fama, Michael C. Jensen · The Journal of Law and Economics · 1983 · 19.1K citations
The Concept of Corporate Strategy
Tom Iverson, Kenneth R. Andrews · Public Productivity Review · 1987 · 4.2K citations
Power In and Around Organizations.
David Krackhardt, Henry Mintzberg · Administrative Science Quarterly · 1985 · 2.4K citations · Full text
Management, Organization Studies, Organizational Behavior +12