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The Board of Directors as a Missed Opportunity

In: Organizing-for-Innovation

Author

Listed:
  • Mark Fenwick

    (Kushu University)

  • Erik P. M. Vermeulen

    (Tilburg University)

  • Toshiyuki Kono

    (Kyushu University)

  • Tronel Joubert

    (Tilburg University)

Abstract

In traditional models of corporate governance, authority and power flows downwards from the shareholders through the board of directors/supervisory board to executives and then management and eventually the employees. Governance mechanisms are primarily aimed at curtailing agency problems, notably those that arise between owners and self-serving executives or between executives and self-serving managers.

Suggested Citation

  • Mark Fenwick & Erik P. M. Vermeulen & Toshiyuki Kono & Tronel Joubert, 2023. "The Board of Directors as a Missed Opportunity," Perspectives in Law, Business and Innovation, in: Organizing-for-Innovation, chapter 0, pages 29-44, Springer.
    • Handle: RePEc:spr:perchp:978-981-19-7234-8_2
    DOI: 10.1007/978-981-19-7234-8_2
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