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Board effectiveness and firm performance of Canadian listed firms

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  • Conheady, Brian
  • McIlkenny, Philip
  • Opong, Kwaku K.
  • Pignatel, Isabelle

Abstract

An effective board of directors is central to agency theory's prescription to solving the problems of separation of ownership from control in the modern corporation. The shareholders' confidence in the board's ability to fulfil its duties is an important measure of the success or otherwise of this cornerstone of agency theory. The Board Shareholder Confidence Index focuses on the board of directors and is the standard by which Canadian governance best practices are measured. This paper investigates the relationship between board effectiveness and company performance.

Suggested Citation

  • Conheady, Brian & McIlkenny, Philip & Opong, Kwaku K. & Pignatel, Isabelle, 2015. "Board effectiveness and firm performance of Canadian listed firms," The British Accounting Review, Elsevier, vol. 47(3), pages 290-303.
    • Handle: RePEc:eee:bracre:v:47:y:2015:i:3:p:290-303
    DOI: 10.1016/j.bar.2014.02.002
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