Board Composition and Stakeholder Performance: Do Stakeholder Directors Make a Difference?

Amy Hillman, Gerald Keim, Rebecca A. Luce

Research output: Contribution to journalArticle

125 Scopus citations

Abstract

In this article, we examine the link between board composition and an enterprise strategy outcome, stakeholder relations. Because a firm's enterprise strategy is set at the highest level of the organization, we expect the presence of stakeholder directors (suppliers, customers, employees, and community representatives) to be positively associated with stakeholder performance.Results from an analysis of 3,268 board members representing 250 firms are discussed in the context of both corporate governance and stakeholder management literatures.

Original languageEnglish (US)
Pages (from-to)295-314
Number of pages20
JournalBusiness and Society Review
Volume40
Issue number3
DOIs
StatePublished - 2001

ASJC Scopus subject areas

  • Business, Management and Accounting (miscellaneous)
  • Social Sciences (miscellaneous)

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