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- Collin, Sven-Olof Yrjö, 1957-
(författare)
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The boards functional emphasis – A contingency approach
- 2008
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Ingår i: Corporate Ownership & Control. - Sumy : Virtus Interpress. - 1727-9232 .- 1810-3057. ; 4:2, s. 24-39
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Tidskriftsartikel (refereegranskat)abstract
- The understanding of the board of a corporation and its behavior is limited, despite the board’s societalimportance. We present a contingency approach to the board’s functional emphasis, considering afourth function in addition to monitoring, decision making, and service or resource provision. Theadditional function is conflict resolution (or principal identification). The approach contrasts withmainstream research by assuming that the firm is a nexus of investments, avoiding the empiricalassumption that the shareholder is the sole principal. We derive propositions that are not restricted toany empirical category of a corporation, and address praxis implications for managing functionaldisharmony.
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