Director networks director selection: the board's strategic role

The role of a board of directors in governing corporations is well-known, but the large numbers of hostile acquisitions in the 1980s have focused attention on whether boards are carrying out their duties in a responsible way. The three key roles of any board of directors are advice, strategy and control. However, the strategic role of directors has remained relatively unresearched, particularly the impact of directors serving on multiple boards. A research project in which directors give their perceptions of their roles and responsibilities is presented.