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Directors' Firm-Specific Knowledge versus Individual Expertise and Board Performance Kyonghee Kim Trulaske College of Business University of Missouri Columbia, MO kimkyo missouri.edu Elaine Mauldin.

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The Resource Dependence Theory (RDT) focuses on the role that directors play in ensuring access to essential resources to an organisation by leveraging their linkages to the external environment (Hillman et al., 2000) .

The role of the board is to plan and strategize goals and objectives for the short- and long-term good of the company and to put mechanisms in place to monitor progress against the objectives. To this regard, board directors must review, understand and discuss the company's goals.

Dalziel 2003). Although the agency theory and dependence resource theory are accepted in the supervision, control and reputation function performed by the board of directors, there is still no unanimity as to the relationship between board characteristics and firm performance.

The 9 best attributes of effective board directors Emotional Intelligence. The Ability to Commit. Equanimity. The Ability to Prepare. Being Open-Minded. Being Mindful of Your Impact. Bravery. Being Dispassionately Passionate.

For effective corporate governance, the board of directors should have the following characteristics: Good decision making. The board members should be good decision-makers. ... Bravery. An effective board director should be brave and possess good leadership skills. ... Open-minded. ... Commitment.

Board directors must have strong leadership skills. They must be able to lead and inspire the organization's management team and employees. They must be able to communicate effectively, build consensus, and make tough decisions. They must also be able to provide guidance and mentorship to the organization's leaders.

Great boards talk, and more importantly, listen to others. They know what staff, investors, funders and clients think of their organisation, and value their opinions. This is demonstrated by stakeholders having a real say in the strategic direction of the organisation.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232