Volume 10, 1999
Proceedings of the Tenth Annual Meeting
Paula Silva, Virginia W. Gerde, Henry L. Tosi
The Board of Directors and the Stewardship Principle
An Empirical Study of Directors’ Concerns
Using an empirical study, we examine board composition, institutional ownership, and criteria used in CEO performance evaluation in an attempt to fill the gap in corporate governance literature on the stewardship role of outside directors and the use of qualitative criteria in performance assessment. The role of the board in terms of stakeholder management and the stewardship principle is discussed.