Despite considerable reforms over the past two decades, boards – particularly at financial institutions – have been criticized recently for poor stewardship. This article argues that the lack of attention to behavioral and functional considerations – in particular, relating to director...

The global financial crisis has prompted debate once again on how to improve the effectiveness of the board of directors at listed companies. Despite considerable reforms over the past two decades, boards – particularly at financial institutions – have been criticized recently for failing to...

Despite considerable reforms over the past two decades, boards – particularly at financial institutions – have been criticized recently for poor stewardship.This article argues that the lack of attention to behavioral and functional considerations – in particular, relating to director...