Mismatch in the Boardroom
The Conference Board Review, Winter 2012
2 Pages Posted: 3 Feb 2012
This article argues that disparity in stature between the chief executive and other directors (for example, a 'star' CEO whose accomplishments and renown are much greater that the non-executive directors) can harm board performance and provides suggestions on how boards can maintain stature parity among their members so as to preserve their standing and authority.
Note: This article is drawn in part from 'Elevating board performance: The significance of director mindset, operating context, and other behavioral and functional considerations' (available at http://ssrn.com/abstract=1832234).
Keywords: board of directors, star CEOs, relative status, group dynamics and behavior
JEL Classification: G34, D23, D82
Suggested Citation: Suggested Citation