Monday, 28 June 2010

Old, but interesting

This paper (PDF), which puts forward stewardship theory as an alternative to agency theory. Interestingly the paper effectively argues that the roles of chair and chief exec should be combined, and that the research in the paper suggests that splitting them has no value and may have a cost. I'm more convinced by the (brief) critique of agency theory, rather than the propositions that flow through it. But worth a read.

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