Theorising director task performance over time: insights from capture theory
Ahmed, Pervaiz K.
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Farquhar, S., Machold, S., & Ahmed, P. K. (2014) Theorising director task performance over time: insights from capture theory. International Journal of Business Governance & Ethics, 9(2), pp. 155-169.
We develop a conceptual framework in which we show how a non-executive director’s task performance may change over their life cycle on the board. We adopt a three-stage process to examine the task performance of a non-executive director: independence stage, engagement stage and relationship renewal stage, and use capture theories of regulation to develop a number of testable propositions. We argue that capture theory allows us to explain how a non-executive director’s task performance can change from one where monitoring and control is high and strategy and service is low to the reverse over their period on the board.