Investigates governance breakdowns in corporate boards, revealing dynamic failure processes and implications for practice.
Key Points
This research aims to understand why formal governance structures fail, focusing on ongoing behavioral and structural dynamics that contribute to board failures.
Developed a behavioral–structural drift framework by analyzing case studies of eight high-profile corporate failures.
Investigated recurrent patterns of governance breakdown through a theory-synthesizing approach.
Integrated insights from behavioral governance, organizational culture, and institutional theory.
Identified eight recurrent drift patterns that lead to governance breakdown in corporate settings.
Demonstrated that boards' oversight capacities are progressively eroded by contextual and governance conditions.
Proposed six propositions to guide future research on the dynamics of governance failure.