Theorising director task performance over time: insights from capture theory
by Stuart Farquhar; Silke Machold; Pervaiz K. Ahmed
International Journal of Business Governance and Ethics (IJBGE), Vol. 9, No. 2, 2014

Abstract: We develop a conceptual framework in which we show how a non-executive director's task performance may change over their life cycle on the board. We adopt a three-stage process to examine the task performance of a non-executive director: independence stage, engagement stage and relationship renewal stage, and use capture theories of regulation to develop a number of testable propositions. We argue that capture theory allows us to explain how a non-executive director's task performance can change from one where monitoring and control is high and strategy and service is low to the reverse over their period on the board.

Online publication date: Tue, 31-Mar-2015

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