The composition of board committees in family firms: Does ownership matter?

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Abstact

Board committees perform many of the board of directors’ functions, making informed decisions within the framework of delegated authority and providing specific recommendations to the board on the matters in their domain. Their composition draws significant attention from shareholders, as they represent the locus where important decisions are formally taken. The aim of this research is to investigate the role of ownership in designing the board committees in family firms, especially considering the recent quest for sustainable corporate governance that requires sustainability expertise in the board of directors. The relative importance of family owners and institutional investors may be moderated by the presence of family members in the firm management.

Keywords: Board Committee, Corporate Governance, Family Firms, Family Ownership, Institutional Investors, Sustainability

JEL Classification: G23, G32, G34, Q56

Received: 19.04.2022
Accepted: 25.04.2022

How to cite: Agnese, P., & Arduino, F. R. (2022). The composition of board committees in family firms: Does ownership matter? In G. M. Mantovani, A. Kostyuk, & D. Govorun (Eds.), Corporate governance: Theory and practice (pp. 11–15). https://doi.org/10.22495/cgtapp1