Proceedings of the International Association for Business and Society

Volume 5, 1994

Proceedings of the Fifth Annual Meeting

Stakeholder Expectations from Boards of Directors
An empirical examination

This paper examines the role of boards of directors. Propositions indicating that distinct stakeholder groups (employees, shareholders, local society, management) have various expectations from the boards’ roles, are derived and empirically studied. The study uses a Norwegian empirical setting of regional subsidiary boards with consisting of both employee and public directors, and applies both quantitative and qualitative methods’. The findings of this study indicate the importance of understanding stakeholder issues when corporate governance and boards of directors are discussed.