Divergent views exist about whether boards must tradeoff advising for monitoring performance when utilizing outside versus inside directors. We suggest a dichotomous tradeoff focus underestimates outside directors' impact on board performance. We find outside director tenure positively...

We study the association between chief financial officer (CFO), compared to chief executive officer (CEO), outside board directorships and their home firm strategic investments, capital management, and overall performance. Using a sample of firms from 2003-2014, we find only about nine percent...