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Board Globalisation in the World's Largest TNCs 1993-2005

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  • Clifford L. Staples

    (University of North Dakota, USA)

Abstract

Transnational corporations (TNCs) are driving globalisation, but is there any evidence that the boards who govern these corporations are becoming more global? The question is intriguing to those who study corporate governance and those interested in the sociology of global capitalism, but up to now evidence on the extent of TNC board globalisation is largely anecdotal or weak. To address this issue I conducted a follow-up to Gillies' and Dickinson's (1999 "Corporate Governance: An International Journal", 7, 237-247) study of 80 of the world's largest TNCs. These authors reported that in 1993 36.3 per cent of these companies had at least one non-national board member. In late 2005 I found, in contrast, that 75 per cent of these companies had at least one non-national board member. However, the evidence also shows that while this trend has certainly become more widespread, it is not yet very deep; on average, only 25 per cent of these boards consisted of non-nationals, while non-nationals made up a majority of the board in only 10 per cent of these cases. Nevertheless, this trend toward more multinational boards is worth monitoring because such boards provide a transnational social infrastructure which may facilitate the emergence of a global business class. Copyright (c) 2007 The Author; Journal compilation (c) 2007 Blackwell Publishing Ltd.

Suggested Citation

  • Clifford L. Staples, 2007. "Board Globalisation in the World's Largest TNCs 1993-2005," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(2), pages 311-321, March.
  • Handle: RePEc:bla:corgov:v:15:y:2007:i:2:p:311-321
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    1. Frans van Winden, 2000. "Group Formation in a Public Good Experiment. On The Dynamics of Social Ties Structures," CESifo Working Paper Series 332, CESifo Group Munich.
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    Cited by:

    1. Schmid, Stefan & Dauth, Tobias, 2014. "Does internationalization make a difference? Stock market reaction to announcements of international top executive appointments," Journal of World Business, Elsevier, vol. 49(1), pages 63-77.
    2. Greve, Peder & Biemann, Torsten & Ruigrok, Winfried, 2015. "Foreign executive appointments: A multilevel examination," Journal of World Business, Elsevier, vol. 50(4), pages 674-686.
    3. Mellahi, Kamel & Collings, David G., 2010. "The barriers to effective global talent management: The example of corporate élites in MNEs," Journal of World Business, Elsevier, vol. 45(2), pages 143-149, April.
    4. van Veen, Kees & Sahib, Padma Rao & Aangeenbrug, Evelien, 2014. "Where do international board members come from? Country-level antecedents of international board member selection in European boards," International Business Review, Elsevier, vol. 23(2), pages 407-417.
    5. repec:eee:accoun:v:52:y:2017:i:2:p:142-177 is not listed on IDEAS
    6. Du, Yan & Deloof, Marc & Jorissen, Ann, 2015. "The Roles of Subsidiary Boards in Multinational Enterprises," Journal of International Management, Elsevier, vol. 21(3), pages 169-181.
    7. Dauth, Tobias & Pronobis, Paul & Schmid, Stefan, 2017. "Exploring the link between internationalization of top management and accounting quality: The CFO’s international experience matters," International Business Review, Elsevier, vol. 26(1), pages 71-88.

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