In contrast to the analysis based on a conflict perspective of board organization in chapter three of this study, this chapter applies a consensus perspective of board organization. The main purpose of this chapter is to understand the relationship between the attributes and the duality of boards of directors. In other words, this chapter theoretically explores the relationship between the integration of decision management with decision control and the organization and composition of one-tier and two-tier corporate boards. As such, this chapter concentrates on central theoretical research questions that focus on the integration of board roles.
The organization of this chapter is as follows. Paragraph 4.2 investigates assumptions of the stewardship theory with respect to the non-economic model of managerial behavior. This paragraph also investigates the relationship between assumptions underlying this model of managerial behavior and the organization and the composition of corporate boards of directors. Paragraph 4.3 elaborates on the relationship between board attributes and the duality of one-tier boards. More specifically, this paragraph presents four assumptions that concentrate on the relationship between board composition, board leadership structures, oversight board committees and board organization and the integration of decision management with decision control in one-tier boards.
In a similar vein, paragraph 4.4 presents four assumptions that concentrate on the relationship between two-tier board attributes and the integration of decision management with decision control in two-tier boards. This chapter concludes with a summary in paragraph 4.5.
|4.2 A Consensus Perspective of Board Organization Next→|