Board Committees in Corporate Governance: A Cross‐Disciplinary Review and Agenda for the Future

56 Pages Posted: 29 May 2020

See all articles by Kalin Kolev

Kalin Kolev

Marquette University - Department of Management

David B. Wangrow

Marquette University

Vincent L. Barker III

University of Kansas

Donald J. Schepker

University of South Carolina

Date Written: September 2019

Abstract

The importance of board committees – specialized subgroups that exist to perform many of the board's most critical functions, such as setting executive compensation, identifying potential board members, and overseeing financial reporting – has grown over time due to increased legal requirements and greater complexity of the environment in which firms operate. This has resulted in a large body of work examining board committees across the accounting, finance, and management disciplines. However, this research has developed rather independently within each discipline, preventing scholars and practitioners from developing a comprehensive understanding of board committees. To address this issue, we conduct a comprehensive review of the literature that: 1) summarizes and synthesizes antecedents and outcomes associated with board committees in publicly‐traded firms in English common law countries; and 2) offers a critical analysis of existing research, providing recommendations for advancements and new directions in board committee research.

Keywords: audit committee, board committees, corporate governance, compensation/remuneration committee, nominating/governance committee

Suggested Citation

Kolev, Kalin and Wangrow, David B. and Barker III, Vincent L. and Schepker, Donald J., Board Committees in Corporate Governance: A Cross‐Disciplinary Review and Agenda for the Future (September 2019). Journal of Management Studies, Vol. 56, Issue 6, pp. 1138-1193, 2019, Available at SSRN: https://ssrn.com/abstract=3610253 or http://dx.doi.org/10.1111/joms.12444

Kalin Kolev (Contact Author)

Marquette University - Department of Management ( email )

1250 W. Wisconsin Ave
Milwaukee, WI 53233
United States

David B. Wangrow

Marquette University

P.O. Box 1881
Milwaukee, WI 53201-1881
United States

Vincent L. Barker III

University of Kansas

1415
Lawrence, KS 66045
United States

Donald J. Schepker

University of South Carolina

701 Main Street
Columbia, SC 29208
United States

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