Rebecca Booth and I have collaborated on a paper just published by the International Journal of Disclosure and Governance, about how corporate directors feel about an important policy direction in corporate governance. Board evaluation has been around for quite a while, and since 2010 in the UK, the code has recommended that large listed companies use external evaluators at least one year in three. Rebecca and I found out what directors who had been through the process thought about how well the process of external evaluation worked, and indeed how it worked. The results point to a need to professionalise the practice as it spreads from large listed companies to smaller firms, non-profits, and other organisation types.
Charities don’t have “owners”. Nor do corporations, if you consider how limited shareholder rights are, compared with owning a car or a pair of shoes. Yet the experience of board work at charities has left me with a sense of ownership – psychological ownership – that arose before I was even invited to join the board. In a new article at Management Research Review, I explore this feeling of attachment, and how it differs profoundly from the sort of “stewardship” now expected of institutional investors in listed companies. See also https://ssrn.com/abstract=3699330