What do former government officials really bring to the board

Authors

  • Santiago Kopoboru Department of Business Administration and Marketing, Faculty of Business, Universidad Pablo de Olavide, Seville, Spain.
  • Leticia Pérez-Calero Department of Business Administration and Marketing, Faculty of Business, Universidad Pablo de Olavide, 41013 Seville, Spain
  • Gloria Cuevas-Rodríguez Department of Business Administration and Marketing, Faculty of Business, Universidad Pablo de Olavide, 41013 Seville, Spain

DOI:

https://doi.org/10.14666/2194-7759-10-1-006

Keywords:

corporate boards, government officials, regulatory environment, resource dependence theory

Abstract

The board of directors is the steering wheel organizations use to achieve their goals and its composition has widely been analysed. This paper will show how the number of former government officials has increased in the board of large Spanish firms over the last two decades depending on the number of former government officials in the board and how regulated the industry is. The results will also show that even though there was a period in which more former government officials joined boards, the numbers have stabilised in recent years due to, among other factors, the increasing concerns in society related to the “revolving doors” behaviours.

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Published

2021-03-25

Issue

Section

Papers

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