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The link between board composition and board objectives: an empirical analysis on Flemish non-profit schools

Author

Listed:
  • Cind Du Bois

    (Vrije Universiteit Brussel, Brussels, Belgium)

  • Ralf Caers

    (Vrije Universiteit Brussel, Brussels, Belgium)

  • Marc Jegers

    (Vrije Universiteit Brussel, Brussels, Belgium)

  • Rein De Cooman

    (Vrije Universiteit Brussel, Brussels, Belgium)

  • Sara De Gieter

    (Vrije Universiteit Brussel, Brussels, Belgium)

  • Roland Pepermans

    (Vrije Universiteit Brussel, Brussels, Belgium)

Abstract

Flemish non-profit schools have no legally imposed composition rules with respect to their board of directors. Hence, large variation exists in their size and composition. We argue that these differences in board composition can result in different policies followed by the board. To empirically test this hypothesis we question the board's chairpersons of Flemish non-profit schools about the objectives set forward by the board. Ordered probit regressions on the importance attached to different educational objectives provide support for our hypothesis and thus alert policy makers to account for the linkages between objectives and board characteristics when formulating legislation with respect to school board composition. Copyright © 2008 John Wiley & Sons, Ltd.

Suggested Citation

  • Cind Du Bois & Ralf Caers & Marc Jegers & Rein De Cooman & Sara De Gieter & Roland Pepermans, 2009. "The link between board composition and board objectives: an empirical analysis on Flemish non-profit schools," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 30(3), pages 173-182.
  • Handle: RePEc:wly:mgtdec:v:30:y:2009:i:3:p:173-182
    DOI: 10.1002/mde.1443
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    References listed on IDEAS

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    1. Scott W. Barnhart & M. Wayne Marr & Stuart Rosenstein, 1994. "Firm performance and board composition: Some new evidence," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 15(4), pages 329-340, July/Augu.
    2. Helen Kang & Mandy Cheng & Sidney J. Gray, 2007. "Corporate Governance and Board Composition: diversity and independence of Australian boards," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(2), pages 194-207, March.
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    Cited by:

    1. Souksavanh VIXATHEP, 2014. "Entrepreneurship, Government Policy and Performance of SMEs in Laos," GSICS Working Paper Series 28, Graduate School of International Cooperation Studies, Kobe University.
    2. Eiji Yamamura, 2015. "Is university sports an advertisement in the higher education market? An analysis of the Hakone long-distance relay road race in Japan," ISER Discussion Paper 0922, Institute of Social and Economic Research, Osaka University.
    3. Niamh Brennan, 2011. "Applying principles of good governance in a school board context," Open Access publications 10197/2932, Research Repository, University College Dublin.
    4. repec:hyo:journl:v:7:y:2017:i:1:p:33 is not listed on IDEAS
    5. Elif Sisli Ciamarra & Charisse Glosino, 2015. "Donors and Founders on Charter School Boards and Their Impact on Financial and Academic Outcomes," Working Papers 95, Brandeis University, Department of Economics and International Businesss School.

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