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The role of the board in shaping foundations’ strategy: an empirical study

Author

Listed:
  • Giacomo Boesso

    (University of Padova)

  • Fabrizio Cerbioni

    (University of Padova)

  • Andrea Menini

    (University of Padova)

  • Antonio Parbonetti

    (University of Padova)

Abstract

This paper investigates the relationships of the choice of philanthropic strategy with board capital (diversity and networks), board activities (board processes, internal board committees, and board effectiveness), and CEO leadership. Using a sample of 110 Italian foundations, the research shows that board processes have the strongest positive association with an evolved strategic approach to philanthropic institutional grant-giving, while board diversity and strong CEO leadership are associated with the strategic approach only under certain conditions. In particular, good governance processes (e.g., training the board, self-evaluation of trustees, setting the stage for effective board and committee meetings, implementing control software, and steering meetings to improve the board’s analysis) are positively associated with evolved strategic approaches to philanthropy (e.g., signaling other funders for the best grantees, improving the performance of grant recipients, and advancing selected social fields’ state of knowledge and practice).

Suggested Citation

  • Giacomo Boesso & Fabrizio Cerbioni & Andrea Menini & Antonio Parbonetti, 2017. "The role of the board in shaping foundations’ strategy: an empirical study," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 21(2), pages 375-397, June.
    • Handle: RePEc:kap:jmgtgv:v:21:y:2017:i:2:d:10.1007_s10997-016-9348-2
    DOI: 10.1007/s10997-016-9348-2
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    Cited by:

    1. Laura Padilla-Angulo, 2020. "The impact of board diversity on strategic change: a stakeholder perspective," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 24(4), pages 927-952, December.
    2. Marco Minciullo & Matteo Pedrini, 2020. "Antecedents of board involvement and its consequences on organisational effectiveness in non-profit organisations: a study on European corporate foundations," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 24(2), pages 531-555, June.
    3. Giacomo Boesso & Fabrizio Cerbioni & Andrea Menini, 2022. "Does the Adoption of Planning and Control Tools Influence Performance? Opinions of Grantors and Grantees About Non-profit Projects," FINANCIAL REPORTING, FrancoAngeli Editore, vol. 2022(2), pages 35-55.
    4. Giacomo Boesso & Fabrizio Cerbioni & Andrea Menini & Giulia Redigolo, 2023. "Beyond the money: grantors supporting their grantees," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 27(2), pages 479-503, June.

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