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The effectiveness of supervisory boards: an exploratory study of challenges in Dutch boardrooms

Author

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  • Stefan C. Peij
  • Pieter-Jan Bezemer
  • Gregory F. Maassen

Abstract

Triggered by highly publicised corporate scandals, changing societal expectations and the collapse of financial markets, the roles of boards of directors have changed significantly in safeguarding the interest of shareholders and other stakeholders. Yet, relatively little is known about contemporary challenges non-executive directors face and whether their boards are well-equipped for their new tasks. Based on self-assessment reports by supervisory boards, a survey and interviews with supervisory board members, this paper investigates the challenges non-executive directors face in the Netherlands, particularly after a decade of corporate governance reform. Non-executive directors' inadequate role in scrutinising executive directors' performance, information asymmetries and dysfunctional working relationships between executive and non-executive directors are among the greatest challenges indicated by non-executive directors on Dutch supervisory boards. The paper discusses several implications for scholars and practitioners and provides a unique insight in boardroom dynamics.

Suggested Citation

  • Stefan C. Peij & Pieter-Jan Bezemer & Gregory F. Maassen, 2012. "The effectiveness of supervisory boards: an exploratory study of challenges in Dutch boardrooms," International Journal of Business Governance and Ethics, Inderscience Enterprises Ltd, vol. 7(3), pages 191-208.
    • Handle: RePEc:ids:ijbget:v:7:y:2012:i:3:p:191-208
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    Cited by:

    1. Kravchenko Grygorii, 2021. "International Experts’ Influence on Company Internationalization," Journal of Management and Business Administration. Central Europe, Sciendo, vol. 29(4), pages 57-90, December.
    2. Cong-Duc Tran & Minh-Tuan Phung & Fu-Ju Yang & Yi-Hsien Wang, 2020. "The Role of Gender Diversity in Downside Risk: Empirical Evidence from Vietnamese Listed Firms," Mathematics, MDPI, vol. 8(6), pages 1-22, June.

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