What's Wrong with Corporate Governance: a note

Greater use of qualitative research methods - including observing boards in real time and interviewing directors - needs to occur to advance the field. Quantitative researchers are, it would seem, measuring variables in respect of "structural independence," rather than board and individual director effectiveness, "per se". Once "board effectiveness" and "director effectiveness" variables are able to be measured, together with their interaction, a greater likelihood of distilling a more definitive relationship between corporate governance and corporate financial performance may occur. Copyright Blackwell Publishing Ltd. 2004.