The Institutional Role of the Board
There is a strong theoretical tradition concerning the role of the board of directors in helping to acquire critical resources and serving as a legitimating function for organisations. The major resource that boards of directors facilitate access to is capital. Securing and maintaining investment to the organisation are extremely important for the survival and competitiveness of the firm. This chapter describes the institutional role of the board, focusing on how the board builds links with key investors and shareholders as well as stakeholders and how the institutional investors themselves conceive of the relationship. It also looks at the role of non-executive directors and how their contacts and boundary-spanning can feed into the strategic process. The annual general meeting is nominally the main forum for shareholders to meet with directors of the company. The most common source of corporate information for shareholders is the annual report.
Oxford Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.
If you think you should have access to this title, please contact your librarian.