30. Boards of Directors
Published Online: 13 DEC 2011
Copyright © 2010 John Wiley & Sons, Inc. All rights reserved.
Finance Ethics: Critical Issues in Theory and Practice
How to Cite
Boatright, J. R. (2010) Boards of Directors, in Finance Ethics: Critical Issues in Theory and Practice, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118266298.ch30
- Published Online: 13 DEC 2011
- Published Print: 9 AUG 2010
Print ISBN: 9780470499160
Online ISBN: 9781118266298
- boards of directors;
- collision of theories;
- leadership structure
This chapter focuses on two elements of the boards of directors’ structure and the relationship of each, singly or in concert, to the intersection of ethics and finance. One of these is the composition of the board, specifically issues related to the independence of the board. A second aspect is the leadership structure of the board (duality). For this, the issue is the extent to which CEOs simultaneously serve as board chairpersons. The chapter examines collision of theories and a collapsing of application. The first issue is the extent to which the reliance on agency theory has compromised other enterprise theories. In the second, it provides a discussion of the extent to which finance, and corporate governance studies more generally, contribute to contemporary applications and practice. The chapter also considers the extent to which any of the prior elements currently inform the intersection of ethics and finance.
Controlled Vocabulary Terms
board of directors; Chief executive officer; Corporate governance; leadership