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Towards a dynamic theory of boards: An organisational life cycle approach

Published online by Cambridge University Press:  02 February 2015

Ingrid Bonn  and
Andrew Pettigrew
Ingrid Bonn
Affiliation:
School of Business, Bond University, Gold Coast QLD, Australia
Andrew Pettigrew
Affiliation:
Dean - School of Management, University of Bath, Bath, UK
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Abstract

We propose a research agenda that can assist in developing a dynamic and comprehensive theory of boards of directors. It is based upon the concept of temporality, with time being organised around the life-cycle metaphor, and integrates research on agency theory, decision-making theory and resource dependence theory. We identify three key roles of boards of directors:

  1. 1.monitoring and controlling top management;

  2. 2.involvement in strategic decision-making; and

  3. 3.providing access to resources and networks.

Our analysis suggests that boards perform all three roles, but that these roles change over time. We propose clear researchable questions for each stage of the organisational life cycle as well as the transition between the stages.

Keywords

board of directorscorporate governanceorganisational life cycle
Type
Research Article
Information
Journal of Management & Organization , Volume 15 , Issue 1 , March 2009 , pp. 2 - 16
Copyright
Copyright © Cambridge University Press and Australian and New Zealand Academy of Management 2009

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