摘要：Boards’ involvement in the decision process has been reported in different ways inaccordance with corporate governance theories. Several scholars postulates that both resourcedependence and stakeholder theory emphasize board involvement in decision managementthrough boards’ service roles; the legalistic perspective describes boards’ involvement indecision control through the execution of control roles; whereas stewardship theory reflectsboards’ involvement in both decision management and decision control through boards’ strategicroles. Other theoreticians split the way in which boards get involved in the decision process intotwo phases and make comments on the contractual approach associated with agency theory,managerial theory, legalistic theory, stakeholder theory within which boards are known for theirlimited involvement and on strategic approach linked to stewardship theory and resourcedependency theory which recognize the strategic role of boards. Unlike board’s control taskwhich is grounded in the agency theory, the strategic task of boards is believed to have a multitheoreticbasis. The paper makes a comparative analysis of different corporate governancetheories that are linked to the strategic role of boards.
关键词：boards; multi-theory; corporate governance; strategic role
