HMC Business Consulting, LLC

Sound advice based on experience



Sending boards back to school? The effects of professors in the boardroom.

Posted on November 14, 2015 at 5:40 PM

Richard Leblanc of Boards & Advisors found and posted an academic article on LinkedIn, “Professors in the Boardroom and Their Impact on Corporate Governance and Firm Performance,” by Bill Francis, Iftekhar Hasan and Qiang Wu ( The authors’ research question was essentially whether having professors on a corporate board would enhance the performance of the board and hence the company. Specifically, they concluded that “the presence of academic directors is associated with higher acquisition performance, higher number of patents and citations, higher stock price informativeness, lower discretionary accruals, lower CEO compensation, and higher CEO forced turnover-performance sensitivity.”


In reading the article, it struck me that there are actually broader considerations at play here. This research is, above all else, a study resulting from the call for greater board diversity. The premise is that the skillsets and thought processes of professors positively add to board dynamics and discussions. Inherent in that consideration is that they bring a new dimension to the process – one free of past biases and groupthink tendencies. This same argument can be made as regards other groups (ethnic, gender, cultural, geographic, etc.).


Intuitively, I think most of us agree that having differing viewpoints and perspectives makes for more dynamic, broader and fruitful discussions and better conclusions. I often thought during my days at Deloitte that when we brought into a room a group of professionals with different perspectives honed by experience, training, culture and background, we would generally come to the right, correct decision – regardless of the issue at hand. This is quite similar, albeit focusing on the contributions of a different group.


As the board diversity discussion (and imperative) proceeds and matures, intuitive, legal and ethical considerations will be supplemented (and driven) by academic research. While correlation and causality in research will always be an issue, and must be carefully analyzed in reaching supportable conclusions, adding research to intuition cannot be a bad thing.


Categories: None

Post a Comment


Oops, you forgot something.


The words you entered did not match the given text. Please try again.


Reply AdrianaRip
12:10 PM on April 10, 2020 
Hello to all
In this difficult forthwith, I proclivity you all
Esteem your one's nearest and friends
Reply RobertShoug
8:31 AM on April 10, 2020 
Ð?Ñ?Ñ?Ñ? 18 леÑ??Ð?озможно Ñ?ебÑ? заинÑ?еÑ?еÑ?Ñ?Ñ?Ñ? Ñ?енÑ?!
Ð?олÑ?Ñ?ие Ñ?кидки!
Reply Stevenmax
7:43 AM on April 10, 2020 
Reply Charlestiz
5:40 AM on April 10, 2020 
Ð?изнÑ? Ñ? запÑ?Ñ?еннÑ?м Ñ?аком пÑ?оÑ?Ñ?аÑ?Ñ? можеÑ? бÑ?Ñ?Ñ? подавлÑ?Ñ?Ñ?ей. Ð?ажно понимаÑ?Ñ? как болезнÑ?, Ñ?ак и ваÑ?е леÑ?ение, Ñ?Ñ?обÑ? вÑ? могли пÑ?инимаÑ?Ñ? акÑ?ивное Ñ?Ñ?аÑ?Ñ?ие в пÑ?инÑ?Ñ?ии Ñ?еÑ?ений о ваÑ?ем леÑ?ении.
Ð?Ñ?ли Ñ?Ñ?овенÑ? пÑ?оÑ?Ñ?аÑ?-Ñ?пеÑ?иÑ?иÑ?еÑ?кого анÑ?игена (Ð?СÐ?) поÑ?Ñ?оÑ?нно повÑ?Ñ?аеÑ?Ñ?Ñ? во вÑ?емÑ? леÑ?ениÑ?, коÑ?оÑ?ое Ñ?нижаеÑ? Ñ?Ñ?овенÑ? Ñ?еÑ?Ñ?оÑ?Ñ?еÑ?она, Ñ?Ñ?о можеÑ? ознаÑ?аÑ?Ñ?, Ñ?Ñ?о ваÑ? Ñ?ак пÑ?оÑ?Ñ?аÑ?Ñ? пÑ?огÑ?еÑ?Ñ?иÑ?Ñ?еÑ?. Ð?Ñ?огÑ?еÑ?Ñ?иÑ?ование ознаÑ?аеÑ?, Ñ?Ñ?о Ñ?ак Ñ?Ñ?Ñ?дÑ?аеÑ?Ñ?Ñ? или Ñ?аÑ?пÑ?оÑ?Ñ?Ñ?анÑ?еÑ?Ñ?Ñ?.

Ð?огда Ñ?Ñ?о пÑ?оизойдеÑ?, ваÑ?е леÑ?ение можеÑ? измениÑ?Ñ?Ñ?Ñ?. Ð?оÑ? поÑ?емÑ? ваÑ? вÑ?аÑ? можеÑ? назнаÑ?иÑ?Ñ? XTANDI - леÑ?ение, коÑ?оÑ?ое можеÑ? помоÑ?Ñ? замедлиÑ?Ñ? пÑ?огÑ?еÑ?Ñ?иÑ?ование.

lutamide_kupit/0-5 says...

кÑ?Ñ?анди 40 мг кÑ?пиÑ?Ñ? +в моÑ?кве
Reply ThomasSab
4:05 AM on April 10, 2020 
Welcome to mobiletiperz! This is is an online web generator that will help you to generate Battle Points on. If you are looking for a functional PUBG Mobile Generator , then you will find dozens of online offers, out of which more than 80% seem suspicious to say the least. What is more interesting is that PUBG has launched PUBG Prime Plus as well as PUBG Prime subscriptions for players.

PUBG Mobile comes to Android a soft establishing in Canada this previous week. However, it's very important for you to know that not all of these cheats and hack tools can work perfectly for unlimited UC. If you want to save your money and time, you should use online PUBG MOBILE Hack Cheats resources instead. Instead, you can perform PubG Mobile BP Coins Generator by taking advantages of the in-game options.

Overall, wallhacks are just about the most fun hack to use in PUBG mobile, since they do not make the game less fun or challenging, neither annoy other players, which means the chances of a ban are minimal to non-existent for the use of a wall hack. Pubg Generators allow you to gain in-app purchases, without physically making a purchase, or spending any money.

Hence, we are going to explain the meaning of PUBG UC and how to get it. UC stands for unknown cash. We have put down on a number of PUBG tricks using which you can get UC cash at discount for free. If you just generate enough UC, then you should be safe. PlayerUnknown's Battlegrounds is an online multiplayer battle royale game developed and published by PUBG Corporation, a subsidiary of South Korean video game company Bluehole.

However, it's very important for you to know that not all of these Hack Cheats and Hack Cheats tools can work perfectly for unlimited UC. Furthermore, you will be able to spot supply drops, automobiles, items and also all kinds of other important game products from a high range. You can get BP without actually spending money ' but it's not the same with UC. BP will be given to you whenever you complete missions and basically whenever you rank higher.
Reply EdgarJoype
2:21 AM on April 10, 2020 
easy essay plan template - essay conclusion phrases buy an essay cheap opinion essay format pdf
Reply wohzifpl
1:36 AM on April 10, 2020 
buy cialis 5mg online australia
url= says...
cialis daily use
cialis soft tabs side effects cialis commercial
Reply Arlenevaf
11:38 PM on April 9, 2020 
Ð?Ñ?ивеÑ? мои Ñ?оÑ?оÑ?ие.
Ð?ожеÑ?Ñ? назÑ?ваÑ?Ñ? менÑ? Ð?иана.
Ð?ознакомлÑ?Ñ?Ñ? Ñ? паÑ?нем длÑ? вÑ?Ñ?Ñ?еÑ?и. Ð?Ñ?иедÑ? к Ñ?ебе на Ñ?айон или вÑ?Ñ?Ñ?имÑ?Ñ? Ñ? менÑ?. Ð?ивÑ? близко.

Я в Ñ?еÑ?и
Reply Peterboimi
10:42 PM on April 9, 2020 
Ð?ак Ñ?Ñ?? - Ð?ивнÑ? - заÑ?абоÑ?ок в инÑ?еÑ?неÑ?е без Ñ?елеÑ?она - пÑ?оÑ?Ñ?Ñ?диÑ?Ñ?й - Ñ?моÑ?Ñ?и не Ñ?Ñ?пееÑ?Ñ? - инÑ?еÑ?еÑ?нÑ?й маÑ?еÑ?иал как наÑ?аÑ?Ñ? заÑ?абаÑ?Ñ?ваÑ?Ñ? - не оÑ?обо напÑ?Ñ?гаÑ?Ñ?Ñ?. С минималÑ?нÑ?ми вложениÑ?ми! Ð?Ñ?Ñ?еÑ?еÑ?Ñ?вÑ?й по Ñ?Ñ?Ñ?лоÑ?ке и Ñ?моÑ?Ñ?и и Ñ?егиÑ?Ñ?Ñ?иÑ?Ñ?йÑ?Ñ? за 1000 Ñ?Ñ?блей!

url= says...
Ð?Ð?Ð?УС = 1000 РУÐ?Ð?Ð?Ð? за РÐ?Ð?Ð?СТРÐ?ЦÐ?Ю

url= says...


url= says...

Reply JustinLep
9:27 PM on April 9, 2020 
url= says...
полÑ?Ñ?иÑ?Ñ? Ñ?пÑ?авкÑ? из Ñ?Ñ?авмпÑ?нкÑ?а бÑ?Ñ?Ñ?Ñ?о

Ð?ак кÑ?пиÑ?Ñ? медиÑ?инÑ?кÑ?Ñ? Ñ?пÑ?авкÑ? Ð?ЭÐ?. ЭÑ?о пÑ?оÑ?е, Ñ?ем кажеÑ?Ñ?Ñ?! Ð?Ñ?Ñ?авÑ?Ñ?е заÑ?вкÑ? на наÑ?ем Ñ?айÑ?е или позвониÑ?е наÑ?емÑ? менеджеÑ?Ñ?. ЧÑ?обÑ? кÑ?пиÑ?Ñ? Ñ?пÑ?авкÑ? Ð?ЭÐ?, необÑ?одимо пÑ?едоÑ?Ñ?авиÑ?Ñ? ФÐ?Ð?, название пÑ?едпÑ?иÑ?Ñ?иÑ? или Ñ?Ñ?ебного заведениÑ?, коÑ?оÑ?ое желаеÑ? полÑ?Ñ?иÑ?Ñ? даннÑ?й докÑ?менÑ? и Ñ?оÑ?нÑ?й диагноз â?? пÑ?иÑ?инÑ? вÑ?неÑ?ениÑ? Ñ?еÑ?ениÑ? комиÑ?Ñ?ии. Ð?бÑ?аÑ?аем ваÑ?е внимание, Ñ?Ñ?о даннÑ?е не пеÑ?едаÑ?Ñ?Ñ?Ñ? Ñ?Ñ?еÑ?Ñ?им лиÑ?ам, они иÑ?полÑ?зÑ?Ñ?Ñ?Ñ?Ñ? нами иÑ?клÑ?Ñ?иÑ?елÑ?но длÑ? заполнениÑ? докÑ?менÑ?а.

Ð?Ñ?пиÑ?ка из медкаÑ?Ñ?Ñ?, Ñ?еÑ?Ñ?иÑ?икаÑ? Ñ? даннÑ?ми о пÑ?оÑ?илакÑ?иÑ?еÑ?киÑ? пÑ?ививкаÑ? Ñ?оÑ?мÑ? 156 Ñ? 93, Ð?едиÑ?инÑ?каÑ? каÑ?Ñ?а амбÑ?лаÑ?оÑ?ного болÑ?ного, Ð?Ñ?пиÑ?Ñ? Ñ?пÑ?авкÑ? Ñ?еÑ?апевÑ?а СпÑ?авка 095 длÑ? Ñ?колÑ?, СпÑ?авка оÑ? наÑ?колога кÑ?пиÑ?Ñ?, Ñ?пÑ?авка о беÑ?емнноÑ?Ñ?и длÑ? облегÑ?ениÑ? Ñ?Ñ?ловий Ñ?Ñ?Ñ?да
Reply Michaelcoefs
6:49 PM on April 9, 2020 
пÑ?Ñ?нÑ?й веб Ñ?айÑ?
url= says...
Reply BarbaraSeP
6:43 PM on April 9, 2020 
Ð?обÑ?ого вÑ?емени Ñ?Ñ?Ñ?ок
Ð?окÑ?оÑ? поÑ?овеÑ?овала
Ð?Ñ?енÑ? деÑ?евÑ?е пÑ?епаÑ?аÑ?Ñ?

url= says...
заказаÑ?Ñ? велпаÑ?аÑ?виÑ?
Reply SeoMeganjor
6:33 PM on April 9, 2020 
b says...
Ð?мÑ? SEO можеÑ? кÑ?аÑ?оваÑ?Ñ?Ñ?Ñ? опÑ?еделен Ñ?ледÑ?Ñ?Ñ?им обÑ?азом:

url= says...
Ñ?оздание и пÑ?одвижение Ñ?айÑ?ов
в обÑ?ем понимании â?? Ñ?Ñ?о комплекÑ?нÑ?й дейÑ?Ñ?вие Ñ?абоÑ?Ñ? над Ñ?айÑ?ом длÑ? Ñ?велиÑ?ениÑ? колиÑ?еÑ?Ñ?ва оÑ?веÑ?ов, Ñ?вÑ?заннÑ?Ñ? Ñ?о Ñ?Ñ?Ñ?аниÑ?ами Ð?аÑ?его Ñ?айÑ?а, в поиÑ?ковой вÑ?даÑ?е по клÑ?Ñ?евÑ?м Ñ?ловам и пÑ?ивлеÑ?ение по ним поÑ?еÑ?иÑ?елей;
SEO в пÑ?оÑ?еÑ?Ñ?ионалÑ?ном понимании â?? Ñ?Ñ?о опÑ?имизаÑ?иÑ? коллекÑ?ии докÑ?менÑ?ов (Ñ?Ñ?Ñ?аниÑ? Ñ?айÑ?а) Ñ?ади Ñ?велиÑ?ениÑ? поÑ?еÑ?ений Ñ?айÑ?а полÑ?зоваÑ?елÑ?ми из поиÑ?ковÑ?Ñ? Ñ?иÑ?Ñ?ем и/или поднÑ?Ñ?иÑ? позиÑ?ий по запÑ?оÑ?ам Ñ?ади поÑ?адоÑ?ной Ñ?Ñ?Ñ?аниÑ?Ñ?;
SEO â?? Ñ?Ñ?о канал пÑ?ивлеÑ?ениÑ? Ñ?елевой аÑ?диÑ?оÑ?ии из поиÑ?ковÑ?Ñ? Ñ?иÑ?Ñ?ем;
SEO â?? Ñ?Ñ?о Ñ?поÑ?об обаÑ?ние на обÑ?азование вÑ?даÑ?и по опÑ?еделеннÑ?м поиÑ?ковÑ?м запÑ?оÑ?ам.
СовÑ?еменнÑ?е поиÑ?ковÑ?е Ñ?иÑ?Ñ?емÑ? â?? Ñ?Ñ?о миллионÑ? полÑ?зоваÑ?елей, Ñ?ложнÑ?е алгоÑ?иÑ?мÑ? и огÑ?омнÑ?е обÑ?емÑ? даннÑ?Ñ?. Ð?огда поÑ?еÑ?иÑ?елÑ? Ñ?Ñ?о-Ñ?о иÑ?еÑ? в поиÑ?ке, Ñ?оÑ?миÑ?Ñ?еÑ?Ñ?Ñ? Ñ?Ñ?Ñ?аниÑ?а c оÑ?веÑ?ами. Ð?на Ñ?оÑ?Ñ?оиÑ? из Ñ?азнÑ?Ñ? Ñ?леменÑ?ов. ЧаÑ?е Ñ?олÑ?ко Ñ?Ñ?о:
мÑ? в Ñ?оÑ?иалÑ?нÑ?Ñ? Ñ?еÑ?Ñ?Ñ? : , , ,
конÑ?екÑ?Ñ?наÑ? Ñ?еклама â?? блок Ñ? плаÑ?ной Ñ?екламой в поиÑ?ковой вÑ?даÑ?е, Ñ?азмеÑ?еннÑ?й в неÑ?колÑ?киÑ? зонаÑ?;
оÑ?ганиÑ?еÑ?каÑ? вÑ?даÑ?а â?? блок Ñ? еÑ?Ñ?еÑ?Ñ?веннÑ?ми оÑ?веÑ?ами на запÑ?оÑ?Ñ? полÑ?зоваÑ?елей. Ð?бÑ?Ñ?но Ñ?оÑ?Ñ?оиÑ? из 10 Ñ?Ñ?Ñ?аниÑ? Ñ?азлиÑ?нÑ?Ñ? Ñ?айÑ?ов. Разделение пÑ?оиÑ?Ñ?одиÑ? длÑ? оÑ?нове Ñ?акÑ?оÑ?ов Ñ?анжиÑ?ованиÑ?. ЧÑ?обÑ? Ñ?лÑ?Ñ?Ñ?ениÑ? позиÑ?ий Ñ?айÑ?а пÑ?оводиÑ?Ñ?Ñ? поиÑ?коваÑ? опÑ?имизаÑ?иÑ? (SEO).
Reply ShawnAxomy
2:03 PM on April 9, 2020 
url= says...
situs poker online
Reply roviCling
1:23 PM on April 9, 2020 
url= says...
Ð?Ñ?Ñ?Ñ?Ñ?а 860040
url= says...
СÑ?ол пиÑ?Ñ?меннÑ?й S100
Reply Donaldsog
7:36 AM on April 9, 2020 
url= says...
Ð?ак за 7 дней заÑ?абоÑ?аÑ?Ñ? меÑ?Ñ?Ñ?нÑ?Ñ? заÑ?плаÑ?Ñ? обÑ?Ñ?ного оÑ?иÑ?ного Ñ?оÑ?Ñ?Ñ?дника? Узнай Ñ?ейÑ?аÑ?!
Reply Keithacina
4:02 AM on April 9, 2020 
YOUTH Youth Celluvation Ñ?Ñ?о Ð?олодаÑ? кожа в лÑ?бом возÑ?аÑ?Ñ?е без плаÑ?Ñ?ики и Ñ?иллеÑ?ов. Forever young skin without plastic surgery and fillers Available Now viber/whatsapp+12487304178
Reply Joshuacak
3:21 AM on April 9, 2020 
sample essay question for job interview
url= says...
order custom essay

informative essay prompts for high school
automatic essay writer
story about friendship essay spm
Reply RobertGitte
9:27 PM on April 8, 2020 
Ð?аказ Ñ?оваÑ?а.
Сама пÑ?оÑ?едÑ?Ñ?а покÑ?пки вÑ?глÑ?диÑ? Ñ?ак: вÑ?биÑ?аем Ñ?оваÑ?, Ñ?казÑ?ваем адÑ?еÑ?, иÑ?полÑ?зÑ?ем Ñ?кидки пÑ?и налиÑ?ии, вÑ?биÑ?аем оплаÑ?Ñ?, оплаÑ?иваем. С вÑ?боÑ?ом Ñ?оваÑ?а Ñ?азобÑ?алиÑ?Ñ?, пеÑ?еÑ?одим к адÑ?еÑ?Ñ?. ТÑ?Ñ? вÑ?е пÑ?оÑ?Ñ?о: адÑ?еÑ? доÑ?Ñ?авки заполниÑ?Ñ?Ñ? авÑ?омаÑ?иÑ?еÑ?ки, он Ñ?же Ñ?казан вами в лиÑ?ном кабинеÑ?е. Ð?Ñ?ли вÑ? его вдÑ?Ñ?г не Ñ?казÑ?вали â?? нÑ?жно бÑ?деÑ? заполнÑ?Ñ?Ñ? пÑ?Ñ?мо на Ñ?Ñ?Ñ?аниÑ?е заказа Ñ?оваÑ?а. Ð?Ñ?Ñ?аÑ?и, вÑ? можеÑ?е нажаÑ?Ñ? на «Ð?обавиÑ?Ñ? новÑ?й адÑ?еÑ?» и вÑ?бÑ?аÑ?Ñ? новÑ?й адÑ?еÑ? доÑ?Ñ?авки â?? напÑ?имеÑ?, еÑ?ли Ñ?оÑ?иÑ?е комÑ?-Ñ?о Ñ?делаÑ?Ñ? подаÑ?ок.

Ð?з Ñ?кидок доÑ?Ñ?Ñ?пнÑ?: кÑ?понÑ? Ð?лиÑ?кÑ?пÑ?еÑ?Ñ?, Ñ?пеÑ?кÑ?понÑ?, пÑ?омокодÑ?, кÑ?понÑ? пÑ?одавÑ?а. СпеÑ?кÑ?понÑ?, кÑ?понÑ? Ð?ли и пÑ?омокодÑ? Ñ?казÑ?ваÑ?Ñ?Ñ?Ñ? в пÑ?авом блоке.

Ð?Ñ?пон пÑ?одавÑ?а вÑ?биÑ?аеÑ?Ñ?Ñ? в нижней Ñ?аÑ?Ñ?и Ñ?Ñ?Ñ?аниÑ?Ñ?.

Ð?Ñ?, кÑ?Ñ?аÑ?и, можно взÑ?Ñ?Ñ? пÑ?Ñ?мо на Ñ?Ñ?Ñ?аниÑ?е Ñ?оваÑ?а. РабоÑ?аÑ?Ñ? Ñ?ак: пÑ?и заказе на опÑ?еделеннÑ?Ñ? Ñ?Ñ?ммÑ? вÑ? полÑ?Ñ?аеÑ?е опÑ?еделеннÑ?Ñ? Ñ?кидкÑ?. Ð?Ñ?енÑ? Ñ?добно и вÑ?годно, еÑ?ли заказÑ?ваеÑ?е Ñ?Ñ?о-Ñ?о доÑ?огое.

Reply oserialpost
9:17 PM on April 8, 2020 
05/smotret_vse_serialy_on-line_ says...

Ñ?Ñ?Ñ?еÑ?кие Ñ?еÑ?иалÑ? на Ñ?Ñ?Ñ?Ñ?ком

url= says...
Ñ?моÑ?Ñ?еÑ?Ñ? Ñ?еÑ?иалÑ?

url= says...
Ñ?моÑ?Ñ?еÑ?Ñ? Ñ?Ñ?Ñ?Ñ?кие Ñ?еÑ?иалÑ?

url= says...
Ñ?Ñ?Ñ?Ñ?кие Ñ?еÑ?иалÑ?

url= says...
Ñ?еÑ?иалÑ? 2019 онлайн

Ñ?еÑ?иалÑ? 2019 онлайн
Ñ?моÑ?Ñ?еÑ?Ñ? Ñ?еÑ?иалÑ? 2022
Ñ?еÑ?иалÑ? беÑ?плаÑ?но
лÑ?Ñ?Ñ?ие Ñ?еÑ?иалÑ?
Ñ?еÑ?иалÑ? 2021