Bijman, Bijman, W.J.J.; Hendrikse, Hendrikse, G.W.J.; … - Erasmus Research Institute of Management (ERIM), … - 2012
of the board is to direct the activities of the managers. However, professional management increasingly makes most … strategic decisions, pushing the board into a supervisory role. We present two groups of findings on changing board – management … relationships. We identify three corporate governance models: traditional model, management model, and corporation model, and we …