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• W2624271310 abstract "The board of directors (i.e. board) has generally been perceived as the backbone of corporate governance. Board is one of the most important internal corporate governance mechanisms used by the shareholders to monitor management. Board has diverse functions and roles such as the control role; the strategic role; the service or resource provision role and the advice and counsel role. There are many theories of corporate governance to explain such diverse roles of corporate boards. Any single corporate governance theory cannot fully explain the complexity and heterogeneity of the board functions in a corporate business. Hence, this research study reviews some of the corporate governance theories with a view to understand how board functions as well as board compositions are related to firm performance. This study looked at four main theories such as the agency theory, stewardship theory, resource dependency theory, and resource based view (RBV) theory that have influenced corporate governance development related to board functions." @default.
• W2624271310 created "2017-06-15" @default.
• W2624271310 creator A5018977602 @default.
• W2624271310 date "2017-01-01" @default.
• W2624271310 modified "2023-09-23" @default.
• W2624271310 title "Diverse Roles of Corporate Board: Review of Various Corporate Governance Theories" @default.
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