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Article
Towards a dynamic theory of boards: An organisational life cycle approach
Journal of Management and Organization (2009)
  • Ingrid Bonn, Bond University
  • Andrew Pettigrew, University of Bath
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) Monitoring and controlling top management

2) Involvement in strategic decision-making; and

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 directors,
  • corporate governance,
  • organisational life cycle
Publication Date
January 1, 2009
Publisher Statement
Citation only.

Bonn, I., & Pettigrew, A. (2009). Towards a dynamic theory of boards: An organisational life cycle approach. Journal of Management & Organization, 15(1), 2-16.

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Access the article via the DOI

2009 HERDC submission. FoR code: 1503

Copyright © Ingrid Bonn & Andrew Pettigrew, 2009.
Citation Information
Ingrid Bonn and Andrew Pettigrew. "Towards a dynamic theory of boards: An organisational life cycle approach" Journal of Management and Organization 15.1 (2009): 2-16.

Available at: http://works.bepress.com/ingrid_bonn/12