How and to what extent should a transnational corporation's governance structures be differentiated to satisfy varying strategic roles played by foreign subsidiaries? Drawing on an agency theory perspective, we examine the effects of agency problems in the headquarters-subsidiary relationships...

In this paper we propose a theoretical framework that emphasizes the development of a shared mental model (SMM) of a board of directors and its impact on board effectiveness and suggest that the accuracy and scope of the SMM in a board will moderate the relationship between a board’s SMM and...