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- Title
THE DYNAMICS OF THE CEO-BOARD RELATIONSHIP: AN EVOLUTIONARY PERSPECTIVE.
- Authors
Shen, Wei
- Abstract
This note addresses both CEO leadership development and the control of managerial opportunism in the CEO-board relationship through an evolutionary perspective. Based on the analysis of the evolution of CEOs' leadership and power, I propose that boards need to focus on CEO leadership development in early CEO tenure, but to shift toward the control of managerial opportunism as CEOs prove their leadership on the job. I also discuss measures that may influence CEO leadership development in early CEO tenure and/or the control of managerial opportunism in later CEO tenure.
- Subjects
CHIEF executive officers; BOARDS of directors; MANAGEMENT; LEADERSHIP; ORGANIZATIONAL structure; ORGANIZATIONAL sociology; EMPLOYMENT tenure; AGENCY theory; EXECUTIVE compensation; EMPLOYEE promotions
- Publication
Academy of Management Review, 2003, Vol 28, Issue 3, p466
- ISSN
0363-7425
- Publication type
Article
- DOI
10.5465/AMR.2003.10196776