Boards of directors: a literature review

Purpose The purpose of this paper is to present a literature review of research on board size, structure, and independence. The paper also reviews research on director voting, and discusses recent work on “busy” directors and board diversity. Design/methodology/approach The authors limited the review to a focused set of research areas. Findings The authors summarize the research on boards of directors and note that research on this important topic should continue. Originality/value This review is intended to summarize the literature on boards of directors.