A capability-based view of boards: A new conceptual framework for board governance
A key role of board directors is to govern corporate strategy. Whereas prior research has provided insights into board roles and activities regarding board governance, the underlying capabilities required to govern effectively remain understudied. This article explores and explicates a capability-ba...
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sg-smu-ink.lkcsb_research-69472021-12-22T08:02:39Z A capability-based view of boards: A new conceptual framework for board governance KLARNER, Patricia YOSHIKAWA, Toru HIIT, Michael A key role of board directors is to govern corporate strategy. Whereas prior research has provided insights into board roles and activities regarding board governance, the underlying capabilities required to govern effectively remain understudied. This article explores and explicates a capability-based view of board actions in which the specific capabilities that enable boards to govern strategic activities are identified. We specifically examine the conceptual foundations and different types of board capabilities, drawing on illustrative cases as well as information from interviews with board directors in the United States, Asia, and Europe. We then discuss several future research directions that can enrich our understanding of the effects of board capabilities on board governance. This article introduces a fine-grained perspective on board governance that examines the individual director, interpersonal, and board levels. By highlighting the need to build the foundation of governance capabilities at multiple levels, we extend our understanding of the compositional challenges for boards and their governance. 2021-02-01T08:00:00Z text application/pdf https://ink.library.smu.edu.sg/lkcsb_research/5948 info:doi/10.5465/amp.2017.0030 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6947/viewcontent/AMP_Board_Governance_FINAL_2018_10_28.pdf http://creativecommons.org/licenses/by-nc-nd/4.0/ Research Collection Lee Kong Chian School Of Business eng Institutional Knowledge at Singapore Management University board of director board capabilities Business Law, Public Responsibility, and Ethics Strategic Management Policy |
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board of director board capabilities Business Law, Public Responsibility, and Ethics Strategic Management Policy KLARNER, Patricia YOSHIKAWA, Toru HIIT, Michael A capability-based view of boards: A new conceptual framework for board governance |
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A key role of board directors is to govern corporate strategy. Whereas prior research has provided insights into board roles and activities regarding board governance, the underlying capabilities required to govern effectively remain understudied. This article explores and explicates a capability-based view of board actions in which the specific capabilities that enable boards to govern strategic activities are identified. We specifically examine the conceptual foundations and different types of board capabilities, drawing on illustrative cases as well as information from interviews with board directors in the United States, Asia, and Europe. We then discuss several future research directions that can enrich our understanding of the effects of board capabilities on board governance. This article introduces a fine-grained perspective on board governance that examines the individual director, interpersonal, and board levels. By highlighting the need to build the foundation of governance capabilities at multiple levels, we extend our understanding of the compositional challenges for boards and their governance. |
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text |
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KLARNER, Patricia YOSHIKAWA, Toru HIIT, Michael |
author_facet |
KLARNER, Patricia YOSHIKAWA, Toru HIIT, Michael |
author_sort |
KLARNER, Patricia |
title |
A capability-based view of boards: A new conceptual framework for board governance |
title_short |
A capability-based view of boards: A new conceptual framework for board governance |
title_full |
A capability-based view of boards: A new conceptual framework for board governance |
title_fullStr |
A capability-based view of boards: A new conceptual framework for board governance |
title_full_unstemmed |
A capability-based view of boards: A new conceptual framework for board governance |
title_sort |
capability-based view of boards: a new conceptual framework for board governance |
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Institutional Knowledge at Singapore Management University |
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2021 |
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https://ink.library.smu.edu.sg/lkcsb_research/5948 https://ink.library.smu.edu.sg/context/lkcsb_research/article/6947/viewcontent/AMP_Board_Governance_FINAL_2018_10_28.pdf |
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