Boards Under Crisis: Board Action under Pressure by Alberto Lavîn Fernández, Carmelo Mazza (auth.)

By Alberto Lavîn Fernández, Carmelo Mazza (auth.)

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More recently, other related literature (Pearson and Claire, 1998) presents a profound analysis of organizational crisis and crisis management traditions, suggesting previous research on organizational crisis lacked integration and calling for a multidisciplinary approach (psychological, socio-political and technological) to research in crisis management. ’ However, there is seldom a unified view of crisis in board settings at the individual organization level. An apparent paradox is that external economic crisis does not always and necessarily stand for crisis in the boardroom.

Finkelstein, 1992 Eisenhardt & Bourgeois, 1988 Performance seems to be negatively related to politics at the top (best performing firms are those in which CEO shared power with the functional VPs and politics were minimal). Introduced the power construct at the top and its sources (structural, ownership, expert, prestige) and measures. 2 Interactions between board processes and the external environment in which they are embedded Process dynamics on the board Contribution areas Representative literature Alvarez & Svejenova, 2005; Alvarez, Svejenova & Vives, 2007 Pye & Pettigrew, 2005 Hambrick & Pettigrew, 2001 Westphal & Stern, 2006; Westphal & Stern, 2007 Westphal & Bednar, 2005 Westphal & Khanna, 2003 Westphal, Boivie & Ming Chng, 2006 Some contribution topics Introduces the roles and relationships at the top (coalitions of dyads, triads or more) of executives sharing executive power at the apex.

Along the same lines, the chairman of a large company asserts: ‘I had a tough time to remove a number of board members on my own board. indd 34 3/21/2014 10:37:36 AM 35 Crisis in the Boardroom they were defending their seats and benefits. Of course, oft-times you have to change people to change things ... ’ These comments, while touching on managerial perceptions of crisis and boardroom decoupling between symbolic and actual practices, open the debate on the antecedents of crisis. g. Taylor, 2009; Foldvary, 2008; see also Davies, 2010 for an in-depth account on the origins of the current crisis).

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