Power and Influence in and Around the Boardroom

Abstract

This paper presents the early findings of a pilot study of the power and influence of part-time board members in the top 200 U.K. industrial and commercial firms by turnover and the top 50 U.K. financial institutions. The part-time board members hold multiple roles of either chairman and/or non-executive director of these organizations. The findings are presented around a tripartite model of power and influence. The results indicate that the power and influence of part-time board members is shaped by the simultaneous and interactive effects of a set of structural and contextual factors, position and skill in mobilizing a constellation of power sources, and skill and will in converting potential power into actual influence.