Title
Towards a dynamic theory of boards: An organisational life cycle approach
Date of this Version
3-1-2009
Document Type
Journal Article
Abstract
We propose a research agenda that can assist in developing a dynamic and comprehensive theory of boards of directors. It is based upon the concept of temporality, with time being organised around the life-cycle metaphor, and integrates research on agency theory, decision-making theory and resource dependence theory. We identify three key roles of boards of directors:
1) Monitoring and controlling top management
2) Involvement in strategic decision-making; and
3) Providing access to resources and networks.
Our analysis suggests that boards perform all three roles, but that these roles change over time. We propose clear researchable questions for each stage of the organisational life cycle as well as the transition between the stages.
This document has been peer reviewed.
Publication Details
Interim status: Citation only.
Bonn, I., & Pettigrew, A. (2009). Towards a dynamic theory of boards: An organisational life cycle approach. Journal of management & organization, 15(1), 2-16.
Access the Journal's homepage.
2009 HERDC submission. FoR code: 1503
Copyright © Ingrid Bonn & Andrew Pettigrew, 2009.