An optimum composition of the board of directors is often considered as an effective approach for achieving robust corporate governance. Broadly, the board of directors exercises four critical roles: “advice and counsel, channels of information flow, preferential access to resources, and...

Board size is recognized as one of the most important elements of any board. Before providing some facts about the different board sizes as they appear in the literature, it is worth starting with a generally accepted conclusion. Based on latest studies and some new trends, it can be argued that...