The Control Role of the Board of Directors: What Have We Learned?

Abstract

The control role of the Board of Directors is aimed at monitoring the decisions and actions undertaken by managers in order to protect stockholders’ interests. Considerable theoretical and empirical research has analyzed whether directors’ behavior is consistent with their fiduciary responsibility, but this research has reported inconsistent findings. This paper offers a comprehensive review of both theoretical and empirical literature on the control role of the board and suggests several guidelines for future research.

Citation

Pascual, R. and Larraza‐Kintana, M. (2003), "The Control Role of the Board of Directors: What Have We Learned?", Management Research, Vol. 1 No. 1, pp. 61-77. https://doi.org/10.1108/15365430380000518