Searching for a Perfect Composition for a Board of Directors

  1. Hernik, Joanna
  2. Mínguez Vera, Antonio 1
  1. 1 Universidad de Murcia
    info

    Universidad de Murcia

    Murcia, España

    ROR https://ror.org/03p3aeb86

Revista:
Journal of Corporate Responsibility and Leadership

ISSN: 2392-2699 2392-2680

Año de publicación: 2017

Volumen: 4

Número: 1

Páginas: 19

Tipo: Artículo

DOI: 10.12775/JCRL.2017.002 GOOGLE SCHOLAR lock_openAcceso abierto editor

Otras publicaciones en: Journal of Corporate Responsibility and Leadership

Resumen

Background: When one hears that company X achieved success, adopted a strategy, or struggles with difficulties, there is always a company board behind this news. Typically, a company board is a reflection of decisions taken by the owner; in practice, there is no rule as to how to appoint a company board. However, if we consider the long-term interest of the company, we may suggest a few ideas that will allow the company to better adapt to the market; they may also help to build the competitive advantage and have a positive impact on the company’s market position. This article presents a belief that the company board composition should evolve from merely reflecting the goals of the owner and the professionalism of the members, into a board, whose structure reflects employees and the market in which the company operates. This approach stems from the need to adapt to the market conditions, which is easier when the process of change starts with the company board. To illustrate these ideas, a fictitious example of a limited liability company will be used, for which we developed various board models based on the market situation