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Article
Publication date: 1 September 2002

André Morkel and Barry Posner

While advisory boards have been around for a long time, they have become rather commonplace in Silicon Valley (USA) in the past decade. In fact, they are so common for new…

Abstract

While advisory boards have been around for a long time, they have become rather commonplace in Silicon Valley (USA) in the past decade. In fact, they are so common for new ventures as to be unremarkable and taken for granted. However, there is really very little empirical evidence about advisory boards, how they work, why they work, or do not work, and the like. The purpose of this research is to explore and to discover how advisory boards operate in practice. A number of tentative conclusions arise from this investigation, which can provide guidance to entrepreneurs in the composition and disposition of advisory boards, and also offer clues to future researchers for topics requiring more focused and in‐depth inquiry.

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Corporate Governance: The international journal of business in society, vol. 2 no. 3
Type: Research Article
ISSN: 1472-0701

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Abstract

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Advances in Accounting Education Teaching and Curriculum Innovations
Type: Book
ISBN: 978-1-84950-867-4

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Article
Publication date: 1 March 2016

Aimee L. Franklin and Victoria A. Rickard

When added together, there are currently 1000 federal advisory committees with over 60,000 participants. In one U.S. city of more than one million people there are over…

Abstract

When added together, there are currently 1000 federal advisory committees with over 60,000 participants. In one U.S. city of more than one million people there are over 700 citizens serving on advisory boards. Yet, this form of citizen participation receives scant attention in the public administration literature (Lavertu & Weimer, 2010). We use the foil of the 2008 recession to reduce the gap in our knowledge. Advisory boards offer the potential for giving citizens power since they provide direct input into decision-making. Results from interviews of 25 citizen advisory board members suggest this does occur. However, the way in which the board leverages its power is novel. The experiences of citizen advisory board members can inform attempts to increase the legitimacy of participation, especially during fiscal stress.

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Journal of Public Budgeting, Accounting & Financial Management, vol. 28 no. 1
Type: Research Article
ISSN: 1096-3367

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Article
Publication date: 1 April 1988

Robert K. Mueller

Corporate advisory boards are not subject to the same liability exposure as directors. At the same time, they offer a valuable governance resource—if they are properly nurtured.

Abstract

Corporate advisory boards are not subject to the same liability exposure as directors. At the same time, they offer a valuable governance resource—if they are properly nurtured.

Details

Journal of Business Strategy, vol. 9 no. 4
Type: Research Article
ISSN: 0275-6668

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Article
Publication date: 16 April 2018

Muluneh Hideto Dato, Roy Mersland and Neema Mori

The purpose of this paper is to empirically relate subordinate board structures with improved financial and social performance in microfinance institutions (MFIs).

Abstract

Purpose

The purpose of this paper is to empirically relate subordinate board structures with improved financial and social performance in microfinance institutions (MFIs).

Design/methodology/approach

The research question is analyzed using a panel data from 23 MFIs in Ethiopia over a period of 2006-2011. Random effects panel data estimation is applied to analyze the link between board committees and MFI’s performance.

Findings

In MFIs with larger than average boards, the findings demonstrate significant ties between financial and outreach performance and how their boards are structured. The structure of board committees moderates the relation between board size and financial and outreach performance measures. Importantly, board committee benefits MFIs through better operational self-sufficiency, lower operating expenses, greater outreach to customers, and outreach to poorer customers using average loan size as the proxy.

Practical implications

Practitioners within microfinance sector, and those operating in advisory and regulatory roles to the sector could benefit from the argument advanced in the paper in that normative recommendation to restructure boards or establish committees requires reevaluating the board characteristics vis-à-vis the optimal monitoring, controlling, and advising needs of the institution.

Originality/value

Prior literature focuses on who sits on boards, how large are the boards, and how independent are they. This paper advances the understanding of the structure of board committees and how this may affect the performance of MFI. This approach provides better representation of director’s role and is thereby a good test of board effectiveness.

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International Journal of Emerging Markets, vol. 13 no. 2
Type: Research Article
ISSN: 1746-8809

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Book part
Publication date: 1 November 2008

Arun Upadhyay

Board size has received significant attention among researchers and regulators. However, the advisory role of boards has not been studied much. In this study I examine the…

Abstract

Board size has received significant attention among researchers and regulators. However, the advisory role of boards has not been studied much. In this study I examine the notion that investors value larger boards for their advisory capabilities. Prior studies examine board size in the context of monitoring role of corporate boards and find opposite effects on debt holders and equity holders. Using market-based measures of total firm performance, which take both equity and debt into account; I find that larger boards are associated with greater economic value added (EVA). Using a sample of S&P 1500 firms from 2000 to 2003 and controlling for various firm and industry characteristics, I also find that the board size is positively associated with firm productivity and various other efficiency measures such as return on assets (ROA), return on equity (ROE) and Sales-Turnover ratio. I argue that firms with larger boards, valuing the advisory role of directors offer greater compensation to the directors. Overall the results indicate that large board size has a positive impact on firm's performance. The results are robust to alternative measures of firm performance and other key variables.

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Institutional Approach to Global Corporate Governance: Business Systems and Beyond
Type: Book
ISBN: 978-1-84855-320-0

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Article
Publication date: 15 March 2019

Thi Tuyet Mai Nguyen, Elaine Evans and Meiting Lu

The purpose of this paper is to examine the perceptions of independent directors in Vietnam about their roles and challenges when sitting on the boards of listed companies.

Abstract

Purpose

The purpose of this paper is to examine the perceptions of independent directors in Vietnam about their roles and challenges when sitting on the boards of listed companies.

Design/methodology/approach

The study uses mailed questionnaires to collect data. The authors sent surveys to 810 independent directors from 354 listed companies and received feedback from 170 respondents.

Findings

The authors examine several aspects of independent directors’ work on the board (such as the roles of and challenges for independent directors) as well as board environment (such as information provision or board interaction). Findings suggest that independent directors in Vietnam place more emphasis on their advisory role than their monitoring role. In addition, they also point out their challenges including information asymmetries and the influence of controlling shareholders. These challenges are significant and they prevent independent directors to properly execute their independent role on the board. These findings reflect the unique features of corporate governance in transition economies.

Originality/value

The authors contribute to the literature through providing an insightful view about the nature of the work performed by this type of director in a transition economy. The study is also one of the first studies to use a qualitative instrument to provide an explanation of how controlling shareholders influence independent directors on boards of directors.

Details

Asian Review of Accounting, vol. 27 no. 1
Type: Research Article
ISSN: 1321-7348

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Article
Publication date: 1 October 2005

Susan M. Adams and Patricia M. Flynn

Describes how actionable knowledge is created to successfully initiate consulting relationships designed to promote changes in the composition of corporate boards and…

Abstract

Purpose

Describes how actionable knowledge is created to successfully initiate consulting relationships designed to promote changes in the composition of corporate boards and, ultimately, social change to eliminate exclusionary practices that are keeping women from consideration for board seats.

Design/methodology/approach

Examines the work of The Boston Club in promoting women on corporate boards to build needed theory to guide change efforts.

Findings

Concludes that no one theoretical perspective supplies the necessary guidance. Presents a model that combines psychodynamic, organizational learning, open systems, and critical management studies views.

Originality/value

Presents the push/pull approach taken by The Boston Club that addresses perceived social constraints and psychological needs involved in changing behavior to create commitment to adding women to boards. Suggests that the sequencing of push and pull techniques may be an important consideration in designing change efforts.

Details

Journal of Organizational Change Management, vol. 18 no. 5
Type: Research Article
ISSN: 0953-4814

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Article
Publication date: 1 May 2003

Garry D. Carnegie, Cheryl S. McWatters and Brad N. Potter

This study focusses on the participation of women in the development of the specialist international accounting history literature. Based on an examination of the three…

Abstract

This study focusses on the participation of women in the development of the specialist international accounting history literature. Based on an examination of the three specialist, internationally refereed, accounting history journals in the English language from the time of first publication in each case to the year 2000, the study provides evidence of the involvement of women through publication and also through their membership of editorial boards and editorial advisory boards. In doing so, the study builds on the earlier work of Carnegie and Potter in 2000 and aims to augment our understanding of publishing patterns in the specialist international accounting history literature.

Details

Accounting, Auditing & Accountability Journal, vol. 16 no. 2
Type: Research Article
ISSN: 0951-3574

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Book part
Publication date: 15 July 1991

Abstract

Details

Advances in Librarianship
Type: Book
ISBN: 978-0-12024-615-1

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