Investigating the development of the internal and external service tasks of non-executive directors: the case of the Netherlands (1997-2005)
Data(s) |
2007
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Resumo |
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. |
Identificador | |
Publicador |
Wiley-Blackwell Publishing Ltd. |
Relação |
DOI:10.1111/j.1467-8683.2007.00635.x 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. |
Fonte |
QUT Business School; School of Management |
Palavras-Chave | #150300 BUSINESS AND MANAGEMENT #180100 LAW #Corporate governance codes, non-executive directors, The Netherlands |
Tipo |
Journal Article |