Searching for a Perfect Composition for a Board of Directors
Journal Title: Journal of Corporate Responsibility and Leadership - Year 2017, Vol 4, Issue 1
Abstract
Background: When one hears that company X achieved success, adopted a strategy, or struggles with difficulties, there is always a company board behind this news. Typically, a company board is a reflection of decisions taken by the owner; in practice, there is no rule as to how to appoint a company board. However, if we consider the long-term interest of the company, we may suggest a few ideas that will allow the company to better adapt to the market; they may also help to build the competitive advantage and have a positive impact on the company’s market position. This article presents a belief that the company board composition should evolve from merely reflecting the goals of the owner and the professionalism of the members, into a board, whose structure reflects employees and the market in which the company operates. This approach stems from the need to adapt to the market conditions, which is easier when the process of change starts with the company board. To illustrate these ideas, a fictitious example of a limited liability company will be used, for which we developed various board models based on the market situation. Purpose: The aim of this article is to develop a new approach to board of directors’ creation, through the lens of decision-making theory, sustainable development and business performance.
Authors and Affiliations
Joanna Hernik, Antonio Minguez Vera
Keywords
Related Articles
- EP ID EP293181
- DOI -
- Views 102
- Downloads 0
The 1st International Scientific Conference on the Challenges of Contemporary Management in the Global Economy: Leadership, Strategies, Social Responsibility
The 1st International Scientific Conference The challenges of contemporary management in the global economy: Leadership, strategies, social responsibility was held on 13 – 14 March 2017 in Toruń, Poland. The conference w...
Employees’ Knowledge of Corporate Social Responsibility Concept and Activities: The Case Study of Frauenthal Automotive Toruń
The aim of the paper is to investigate the level of employees’ knowledge of socially responsible activities and CSR approach in Frauenthal Automotive Toruń (FTO), one of the local companies, which tries to be socially re...
Szczecin Innovations Management and Cluster Management Conferences 2016
Traditionally, in November 2016, the Faculty of Economics and Management, the University of Szczecin, Poland hosted researchers and business practitioners interested in the issues of innovations and clusters.
CSR concept implementation vs. political hedonism driven by human action
The concept of CSR is a big challenge for organisations striving for business excellence. Nevertheless, a question should be asked whether achieving excellence is possible? I s it possible to become an excellent organis...
The 6th International Military Leadership Conference: Military Leaders Development – The Multiple Approaches
The 6th international Military Leadership Conference was held on 17 – 18 November 2016 in Tartu, Estonia. The event was organised by the Estonian National defence College (ENdC) with...