Planned maintenance
A system upgrade is planned for 10/12-2024, at 12:00-13:00. During this time DiVA will be unavailable.
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
The role of the board chair: A literature review and suggestions for future research
Jönköping University, Jönköping International Business School, JIBS, Organization, Leadership, Strategy and Entrepreneurship. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).ORCID iD: 0000-0003-1606-3877
Jönköping University, Jönköping International Business School, JIBS, Organization, Leadership, Strategy and Entrepreneurship. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO). House of Innovation Stockholm School of Economics, Stockholm, Sweden.ORCID iD: 0000-0002-3613-4233
Jönköping University, Jönköping International Business School, JIBS, Organization, Leadership, Strategy and Entrepreneurship. Jönköping University, Jönköping International Business School, JIBS, Centre for Family Entrepreneurship and Ownership (CeFEO).
2020 (English)In: Corporate governance: An International Review, ISSN 0964-8410, E-ISSN 1467-8683, Vol. 28, no 6, p. 372-405Article, review/survey (Refereed) Published
Abstract [en]

Research Question/Issue

The role of the board chair has become increasingly complex in recent decades. Research on corporate governance has called for and has initiated the pursuit of more research for the purpose of creating a better understanding of the role of board chairs. We reviewed 234 academic articles published in 66 journals, structured the existing research according to an Input‐Process‐Outcome‐Contexts framework, and provided a future research agenda for studies on the role of the board chair.

Research Findings/Insights

Our review reveals that the number of published studies on the position of the board chair has grown over the last two decades. Although extant research is dominated by quantitative studies exploring the impact of the board chair position on financial performance, frequently drawing on agency and stewardship theory, recent work has moved beyond this focus and has added valuable insights. The Input‐Process‐Outcome‐Contexts framework used to structure the extant research reveals that future research should pursue topics related to all components of the framework and that opportunities exist to draw from a broader set of theories.

Theoretical/Academic Implications

Based on the framework, we formulate seven specific research topics that can add valuable insights into the role of the board chair and suggest theories that can help inform research pursuing these topics. Taken together, these topics have the potential to create valuable insights into how board chairs are appointed, develop competencies, and interact and work with the CEO, the top management team, the board, and other stakeholders while acknowledging the influence of contextual factors, such as ownership, diversity, the firm's development stage, and external events and trends.

Practitioner/Policy Implications

Our review shows a growing global movement toward prescribing more corporate governance regulations and separating the positions of the board chair and the CEO. We show that many aspects need to be considered when choosing a governance configuration and when appointing a board chair because this role is becoming increasingly demanding.

Place, publisher, year, edition, pages
John Wiley & Sons, 2020. Vol. 28, no 6, p. 372-405
Keywords [en]
Corporate governance, board chair, chairperson of the board, board of directors, literature review
National Category
Business Administration
Identifiers
URN: urn:nbn:se:hj:diva-51637DOI: 10.1111/corg.12350ISI: 000609152200003Scopus ID: 2-s2.0-85099654675Local ID: HOA;;1521356OAI: oai:DiVA.org:hj-51637DiVA, id: diva2:1521356
Available from: 2021-01-22 Created: 2021-01-22 Last updated: 2023-10-21Bibliographically approved
In thesis
1. The role of the board chair: Changing expectations and hybrid organizations
Open this publication in new window or tab >>The role of the board chair: Changing expectations and hybrid organizations
2023 (English)Doctoral thesis, comprehensive summary (Other academic)
Abstract [en]

The purpose of this dissertation is to enhance our understanding of the changing role of the board chair and what this means for hybrid organizations and their board work. Historically, the role of the boards and their chairs evolved around safeguarding shareholders’ financial interests. Whilst this responsibility persists, boards are increasingly expected to embrace societal issues in board governance discussions and to rethink performance measurement systems to incorporate the social impacts generated by their organizations. To navigate these challenges, boards are encouraged to adopt hybrid board governance systems that strike a balance between financial and social mission targets. Board chairs can guide boards to secure such a hybrid outlook, but we lack academic insights on this role beyond financial performance. Systematically reviewing four decades of research, the first article of the dissertation demonstrates the need and opportunities for considering divergent stakeholder interests and contextual factors influencing the role of the board chair. Building on this, the second article engages with board chairs and general secretaries in social hybrid organizations and unearths different board-specific and field level challenges that currently hinder boards from implementing social impact measurements. Subsequently, the third article discusses how adopting a qualitative, engaged scholarship approach can generate practice informed research, contributing new understanding for boards and their chairs. Together, these insights offer implications for theory and practice and promote an agenda for future research that embraces a social purpose beyond profit maximization.

Abstract [sv]

Syftet med denna avhandling är att öka vår förståelse för hur styrelseordförandens roll förändras och vad detta betyder för hybridorganisationer och deras styrelsearbete. Historiskt sett har styrelsens och dess ordförandes roll bestått i att skydda aktieägarnas finansiella intressen. Även om detta ansvar kvarstår, förväntas styrelser i allt högre grad lyfta samhällsfrågor i sina styrelsediskussioner vilket föranleder en omprövning av rådande prestationsmätningssystem för att inkludera de sociala effekter som genereras av deras organisationer. För att navigera dessa utmaningar uppmuntras styrelser att anta hybrida styrsystem som kan balansera både finansiella och sociala mål. Styrelseordföranden kan vägleda styrelser för att säkerställa detta hybrida tillvägagångssätt, men vi saknar akademisk kunskap om denna utmaning utöver fokus på finansiella resultat. Genom att systematiskt granska fyra decennier av forskning visar avhandlingens första artikel på behovet av att överväga olika intressenters intressen och kontexter som påverkar styrelseordförandens roll. Med utgångspunkt i detta, undersöker den andra artikeln styrelseordföranden och generalsekreterare i sociala hybridorganisationer och påvisar olika styrelsespecifika institutionella utmaningar som hindrar styrelser från att genomföra mätningar av sin sociala påverkan. Därefter diskuterar den tredje artikeln hur en specifik forskningsmetod kallad “engaged scholarship”, kan generera praktiskt relevant forskning som bygger ny förståelse för styrelser och deras ordföranden. Tillsammans ger dessa insikter bidrag till teori och praktik och främjar en agenda för framtida forskning som anammar sociala syften bortom vinstmaximering.

Place, publisher, year, edition, pages
Jönköping: Jönköping University, Jönköping International Business School, 2023. p. 91
Series
JIBS Dissertation Series, ISSN 1403-0470 ; 158
National Category
Business Administration
Identifiers
urn:nbn:se:hj:diva-62687 (URN)978-91-7914-023-6 (ISBN)978-91-7914-024-3 (ISBN)
Public defence
2023-11-17, B1014, Jönköping International Business School, Jönköping, 13:00 (English)
Opponent
Supervisors
Available from: 2023-10-18 Created: 2023-10-18 Last updated: 2023-10-21Bibliographically approved

Open Access in DiVA

No full text in DiVA

Other links

Publisher's full textScopus

Authority records

Banerjee, AnupNordqvist, MattiasHellerstedt, Karin

Search in DiVA

By author/editor
Banerjee, AnupNordqvist, MattiasHellerstedt, Karin
By organisation
JIBS, Organization, Leadership, Strategy and EntrepreneurshipJIBS, Centre for Family Entrepreneurship and Ownership (CeFEO)
In the same journal
Corporate governance: An International Review
Business Administration

Search outside of DiVA

GoogleGoogle Scholar

doi
urn-nbn

Altmetric score

doi
urn-nbn
Total: 425 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf