Construct · 1 fields · 1 citations

board: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
board1 CONSTRUCTBoard of directorsFAMA & JENSEN · 1983

A single standalone construct; nearby constructs are located against it in the Collider. Tap a field for its definition, unit, and measures.

Corporate governance

The body that oversees a firm's managers

In corporate governance a board is the board of directors, the body elected to oversee a firm's managers on behalf of its owners, ratifying major decisions and monitoring performance where ownership is separated from control. Fama and Jensen's 1983 paper Separation of ownership and control explained the board as a mechanism for controlling the agency problems that arise when decision managers are not the residual claimants. The referent is a monitoring and decision-control body, unrelated to a playing surface or a circuit substrate beyond the shared word.[1]

Unit
The board's effectiveness at monitoring management and ratifying major decisions
Recovery means
Not applicable
Measured by
Studied through board composition, independence, and the link between governance structure and firm performance

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Nearby constructs

agency6 fields · 12 citationsjingle · one name, six constructsarray3 fields · 4 citationsjingle · one word, three constructsasset2 fields · 2 citationsjingle · one word, two constructs

References

  1. Fama, E. F., & Jensen, M. C. (1983). Separation of ownership and control. The Journal of Law and Economics, 26(2), 301–325. https://doi.org/10.1086/467037

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