30. Boards of Directors

  1. John R. Boatright
  1. Dan R. Dalton1 and
  2. Catherine M. Dalton2

Published Online: 13 DEC 2011

DOI: 10.1002/9781118266298.ch30

Finance Ethics: Critical Issues in Theory and Practice

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

Author Information

  1. 1

    Harold A. Poling Chair of Strategic Management, Kelley School, Indiana University

  2. 2

    David H. Jacobs Chair of Strategic Management, Kelley School, Indiana University

Publication History

  1. Published Online: 13 DEC 2011
  2. Published Print: 9 AUG 2010

ISBN Information

Print ISBN: 9780470499160

Online ISBN: 9781118266298

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Keywords:

  • boards of directors;
  • collision of theories;
  • leadership structure

Summary

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