Abstract
Corporate boardrooms are increasingly the focus of much debate. Trends such as the growing threat of takeovers, mergers, and buyouts, increasing power from institutional investors, and new definitions of fiduciary responsibility and globalization are reported to be causing a fundamental shift in power away from professional managers to corporate directors or, as Fleischer, Hazard, and Klipper (1988, p. 189) call them, to the “new princes of industry.” Within the context of what Gillies (1992) calls a boardroom “renaissance,” a greater range of issues is being questioned, including the role and selection of directors (Dunn, 1987; Earle, 1990; Geneen, 1984; Griffin, 1985; MacDonald, 1990), society's ...

This publication has 0 references indexed in Scilit: