The monitoring and stewardship role, owners can play is an important corporate governance issue, that deserves far more attention. The emphasis of corporate governance literature on listed companies with a wide dispersed ownership probably explains why this governance mechanism has not gained...

This paper is an attempt to identify what constitutes a good board of directors, and this is based on a comparison between academic literature, corporate governance rating systems and our field research into board practices. We observed that "traditional" academic research focused on a limited...