Board Committees in Corporate Governance: A Cross‐Disciplinary Review and Agenda for the Future
AbstractThe importance of board committees – specialized subgroups that exist to perform many of the board's most critical functions, such as setting executive compensation, identifying potential board members, and overseeing financial reporting – has grown over time due to increased legal requirements and greater complexity of the environment in which firms operate. This has resulted in a large body of work examining board committees across the accounting, finance, and management disciplines. However, this research has developed rather independently within each discipline, preventing scholars and practitioners from developing a comprehensive understanding of board committees. To address this issue, we conduct a comprehensive review of the literature that: 1) summarizes and synthesizes antecedents and outcomes associated with board committees in publicly‐traded firms in English common law countries; and 2) offers a critical analysis of existing research, providing recommendations for advancements and new directions in board committee research.
- DOI
- 10.1111/joms.12444
- Volume
- 56 (6)
- Pages
- 1138-1193
- Language
- en
- Export
- BibTeX
- Sources
- crossref