IDEAS home Printed from https://ideas.repec.org/a/bla/corgov/v8y2000i3p204-214.html
   My bibliography  Save this article

Competencies of Directors in Global Firms: requirements for recruitment and evaluation

Author

Listed:
  • Soo‐Hoon Lee
  • Phillip Phan

Abstract

Using the competency profiling methodology (Boyatzis, 1982; Spencer & Spencer, 1993) in a resource‐based theoretical framework (Wernerfelt, 1984; Barney, 1991), we provide a model for the recruitment and selection of board members to lead in global firms. Competency requirements for board members are described in terms of generic as well as specific competencies for their roles and responsibilities in a global firm. In addition, the selection process using assessment centre exercises are provided. Finally, we propose structures and processes for the evaluation of board members to ensure that they continually enhance their competencies in order to manage in a changing, global economy. Such activities include performance measurements of board effectiveness in terms of competency attainment as well as pay‐for‐competency structures to ensure that boards continually have the necessary competencies to lead in complex global firms.

Suggested Citation

  • Soo‐Hoon Lee & Phillip Phan, 2000. "Competencies of Directors in Global Firms: requirements for recruitment and evaluation," Corporate Governance: An International Review, Wiley Blackwell, vol. 8(3), pages 204-214, July.
    • Handle: RePEc:bla:corgov:v:8:y:2000:i:3:p:204-214
    DOI: 10.1111/1467-8683.00199
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-8683.00199
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-8683.00199?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Caiazza, Rosa & Phan, Phillip H. & Simoni, Michele, 2023. "Theoretical and empirical differences between the interlocked boards of family and non-family firms," Journal of Family Business Strategy, Elsevier, vol. 14(2).
    2. Shinu Vig, 2024. "Environmental disclosures by Indian companies: role of board characteristics and board effectiveness," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 21(1), pages 16-31, March.
    3. A. Balduck & A. Van Rossem & M. Buelens, 2009. "Identifying Competencies Of Volunteer Board Members Of Community Sports Clubs," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 09/559, Ghent University, Faculty of Economics and Business Administration.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:corgov:v:8:y:2000:i:3:p:204-214. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0964-8410&site=1 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.