The purpose of this article is to investigate how ownership structure, especially family and/or venture‐capital involvement, as well as entrepreneurial activities, defined as strategic change and renewal, help explain the involvement of independent members on boards of directors. The CEOs of...

Purpose – This paper aims to explore how organizational actors make reference to history and how they use historical reference purposefully in order to affect strategy‐making. Design/methodology/approach – The paper draws on in‐depth case studies on two Swedish MNCs. Data have been...