How to Make Boards Work

This paper gives an overview on the induction process for board members with a focus on the Italian context. First, considering the limited prior academic literature, we contribute to the understanding of the induction term. We propose a multilevel theoretical framework that synthesizes and integrates the poor and contrasting prior literature on the definition and the attendees of the program. We posit that the process is intended for all the appointed directors as it is tailored and specific of each company, due to the peculiar environment in which the firm operates. Second, we investigate how these programs are designed and how they can be beneficial for a company. Using a multiple case study on five Italian listed companies, we support the view that induction programs are a fundamental tool to assure that each director fully contributes with his own human and social capital to the board meetings in the shortest possible time, thus guaranteeing a positive impact on the value creation. Instead, in order to increase future directors’ knowledge, pre-appointment preparation courses are particularly relevant.

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CEO Duality and Firm Distress

Kolias¹,

Arnis²,

Kypriotelis³

2019

OJAcct

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This study examines the relationship between firm performance and corporate governance structure, mainly leadership structure. The leadership structure is strongly related to CEO duality. There are several aspects and dimensions of this relation, which may influence the corporate performance but this study focuses on the extreme situation where this relation reaches its ends, namely the corporation collapse. This paper has considered the factors that can cause corporate failure and its governance inability to attain their objectives. Data were collected from 385 bankrupt and 14.000 non-bankrupt unlisted Greek firms for a period of ten years in order for a model to be drawn, indicating the possibility of those firms incorporated under duality to bankrupt.

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How to Make Boards Work

Cited by 3 publications

References 180 publications

Firm ownership structure impact on corporate social responsibility: evidence from austerity U.K.

Firm ownership structure impact on corporate social responsibility: evidence from austerity U.K.

The induction of board directors: a case study perspective

CEO Duality and Firm Distress

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