Board composition in small enterprises

This paper reports the results of three empirical studies of boards of directors in small enterprises in Norway. Most studies of boards of directors are concerned with the situation in large corporations. This article provides insights into board attributes and board functions in small firms. The Studies reported found that board composition is an important factor in describing and analyzing directorates. They also found that the composition of the board of directors is a function of company size and ownership structure, and that board composition varies with industry. The studies found differences in the board's strategy involvement between industries.