Adams, Renee B.
[Verfasser:in]
;
Ragunathan, Vanitha
[Sonstige Person, Familie und Körperschaft];
Tumarkin, Robert
[Sonstige Person, Familie und Körperschaft]
Death by Committee? An Analysis of Corporate Board (Sub-) Committees
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 1, 2020 erstellt
Beschreibung:
Theoretical models of groups suggest that sub-group usage can affect communication among members and group decision-making. To examine the trade-offs from forming sub-groups, we assemble a detailed dataset on corporate boards (groups) and committees (sub-groups). Boards have increasingly used committees formally staffed entirely by outside directors. Twenty-five percent of all director meetings occurred in such committees in 1996; this increased to forty-five percent by 2010. We find evidence that granting formal authority to such committees can impair communication and decision-making. Sub-groups are relatively understudied, but our results suggest that they play an important role in group functioning and corporate governance