Board Task Evolution: A Longitudinal Field Study in the UK

18 Pages Posted: 5 Feb 2013

See all articles by Silke Machold

Silke Machold

affiliation not provided to SSRN

Stuart Sean Farquhar

University of Wolverhampton

Date Written: March 2013

Abstract

Manuscript Type. Empirical. Research Question/Issue. Several studies have investigated the antecedents of board tasks but there are disagreements about the number of tasks, their content and how they are operationalized. Moreover, the question of how board tasks evolve is under‐researched. This study seeks to map the patterns of board tasks over time and the contingent conditions under which they evolve. Research Findings/Insights. By means of a longitudinal observation study of six UK boards, this study shows how board task profiles can be categorized according to (1) the range of tasks boards engage with, (2) the degree and mode of adaptability of board tasks to changing strategic contexts, and (c) the extent to which boards are passive. Theoretical/Academic Implications. Traditional governance theories such as agency and resource‐dependency perspectives provide insights to the content of board tasks, but do not explain how and why these tasks change. Combining traditional conceptualizations of board tasks with a process‐based theoretical lens offers new insights into board tasks and how effectively they are performed. Practitioner/Policy Implications. The results show how boards can better structure their activities to make effective use of scarce meeting time. Activities such as dissemination of information should be curtailed to leave more room for board debate on strategic issues. The study also highlights how board evaluations may benefit from having a “fly‐on‐the‐wall” observer.

Keywords: Corporate Governance, Board Tasks, Longitudinal Observation Study

Suggested Citation

Machold, Silke and Farquhar, Stuart Sean, Board Task Evolution: A Longitudinal Field Study in the UK (March 2013). Corporate Governance: An International Review, Vol. 21, Issue 2, pp. 147-164, 2013. Available at SSRN: https://ssrn.com/abstract=2211954 or http://dx.doi.org/10.1111/corg.12017

Silke Machold (Contact Author)

affiliation not provided to SSRN

Stuart Sean Farquhar

University of Wolverhampton ( email )

Wulfruna Street
Wolverhampton, West Midlands WV1 1SB
United States

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