What do non-executive chairpersons do in owner-managed firms? – evidence from Sweden
2015 (English)Conference paper, Abstract (Refereed)
The board of directors is often emphasized as an untapped resource in small and medium enterprises (SMEs). However, literature and research addressing issues of boards and governance has by tradition focused on large publicly held corporations while leaving the SME context largely unexplored. In this study, the aim is to examine how board leadership and the external chairperson may contribute to value creation in owner managed SMEs. More specifically, this study adopts a process perspective by looking at the role of the external board chairperson in owner-managed SMEs and how this role is carried out by the chairperson by engaging in different tasks and interpreted by the owner-managers. The study is based on a case study and interviews with chairpersons, board members and owners of two owner-managed SMEs. The tasks and processes of the board of directors in SMEs are thus discussed. The leadership responsibility of the board is in the center of attention and an eclectic theoretical perspective is applied to the discussion. Findings provide theoretical and practical insights into chairperson’s task involvement in owner managed SMEs. Suggestions about implications and further research are presented.
Place, publisher, year, edition, pages
Owner-managed firms, chairpersonship, chairperson, task, board of directors, SME, board leadership
IdentifiersURN: urn:nbn:se:hh:diva-31641OAI: oai:DiVA.org:hh-31641DiVA: diva2:948961
European Academy of Management (EURAM 2015), Kozminski University, Warsaw, Poland, 17-20 June, 2015