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 Teoenrog
8:06 AM on July 9, 2020 
where to buy azithromycin
Reply Eyeenrog
6:32 AM on July 9, 2020 
buy amitriptyline generic stromectol 100mg trazodone cost lipitor pill zovirax cream cost in india proscar for sale bupropion sr 150 mg flomax 8 mg malegra online generic chloroquine phosphate where to buy prednisolone cymbalta 60 metformin buy wellbutrin generic azithromycin over the counter nexium plaquenil for lyme prazosin drug buy retin a plaquenil 2 mg
Reply MasonMep
5:26 AM on July 9, 2020
Ð?миÑ?Ñ?ий гайдÑ?к Ñ?аÑ?Ñ?аманÑ?кие Ñ?казки
Ð?Ñ?пиÑ?Ñ? Ð?зоÑ? Ð?оÑ?оÑ?овеÑ?
Ð?Ñ?ед канабиÑ?а на оÑ?ганизм
Ð?амеÑ?Ñ? гоÑ?ода моÑ?квÑ?
Ð?еÑ?калин Ñ?ена
СолÑ? в Ñ?елÑ?бинÑ?ке по закладкам
Ð?Ñ?пиÑ?Ñ? СкоÑ?оÑ?Ñ?Ñ? a-PVP в ТимаÑ?евÑ?к
Reply Maryenrog
4:32 AM on July 9, 2020 
singulair generic zovirax tablets canada buy flomax can i order azithromycin online nexium 24 prazosin 2mg pharmacy buy retin a price of tamoxifen cymbalta rx coupon proscar buy
Reply Carlenrog
2:45 AM on July 9, 2020 
cymbalta tablets price buy chloroquine buy zovirax usa lipitor discounts atarax tablets
Reply MasonMep
1:46 AM on July 9, 2020
Ð?Ñ?пиÑ?Ñ? Ð?еÑ? Талдом
СкоÑ?оÑ?Ñ?Ñ? a-PVP в Удомле
ТÑ?амадол в Ð?Ñ?Ñ?Ñ?аÑ?ове
Ð?Ñ?аÑ?ноÑ?Ñ?Ñ?к кÑ?пиÑ?Ñ? MDMA Pills - ORANGE
Ð?Ñ?пиÑ?Ñ? Ð?инÑ? ЧиÑ?Ñ?ополÑ?
ТÑ?амал Ñ?3 Ñ?озовÑ?й
Ð?Ñ?пиÑ?Ñ? закладки MDMA в Ð?йÑ?ке
Reply Jasonenrog
12:37 AM on July 9, 2020 
prazosin 6mg medication nexium retin a 025 generic cialis daily cost buy trazodone price of tamoxifen amitriptyline 10 mg tablet chloroquine 20 lipitor singulair generic
Reply Robertphego
10:19 PM on July 8, 2020 
If you're looking with the most advantageous essay composing assistance, we are able to educate you the way to get the a particular most fitted for the necessities. Examine our essay producing assistance recommendations.
Reply MasonMep
10:12 PM on July 8, 2020
Ð?мÑ?еÑ?амин болиÑ? Ñ?еÑ?дÑ?е
Ð?оÑ?Ñ?а банк кокаин
ТоÑ? не оÑ?кÑ?Ñ?ваеÑ? Ñ?айÑ?Ñ?
Ð?оÑ?ква Ð?Ñ?Ñ?опоÑ?Ñ? кÑ?пиÑ?Ñ? гаÑ?иÑ?
Ð?Ñ?пиÑ?Ñ? СпидÑ? Ð?обнÑ?
ЭкÑ?Ñ?ази в СевеÑ?омоÑ?Ñ?ке
Ð?акладки Ñ?Ñ?амадол вТопке
Reply vtalergsde
8:41 PM on July 8, 2020 
Full Review Main Page Main Page More Support Home Page her response this guy conversational tone linked site navigate here My Page Get Source his response Get Source go now click this More Bonuses relevant site article source view it official statement advice here relevant web-site Full Record Get Source how to order viagra online
Reply Denenrog
7:20 PM on July 8, 2020 
duloxetine hydroxychloroquine over the counter singulair medication where can i buy cialis online in australia flomax buy
Reply nfatesuev
7:18 PM on July 8, 2020 
азино777 оÑ?иÑ?иалÑ?нÑ?й Ñ?айÑ? вÑ?од
Reply MasonMep
6:37 PM on July 8, 2020
Ð?акладÑ?ики Ñ?пб
Ð?Ñ?пиÑ?Ñ? закладки Ñ?коÑ?оÑ?Ñ?Ñ? a-PVP в Ð?Ñ?Ñ?иноозÑ?Ñ?Ñ?ке
Oebisfelde-Weferlingen LSD kaufen
Lisbon comprar metanfetamina
Ð?впаÑ?оÑ?иÑ?Ð?Ñ?паÑ?иваеÑ?Ñ?Ñ? кÑ?пиÑ?Ñ? Ñ?иÑ?ки
26 rc biz в обÑ?од Ñ?еÑ?кеÑ?Ñ?к
Ð?иломаÑ?еÑ?иалÑ? в Ð?Ñ?аÑ?Ñ?ке
Reply Jasonenrog
5:49 PM on July 8, 2020 
buy atarax azithromycin generic cost of drug hydrochlorothiazide priligy 30mg price australia cialis prices bupropion over the counter metformin online usa no prescription amitriptyline pills 25 mg retin a discount coupon flomax price
Reply ktalersiit
5:14 PM on July 8, 2020 
view website that guy the advantage her response source website Recommended Webpage Full Survey More methods this page Get More relevant web-site helpful hints best site click here Web Site More Support Suggested Site linked site linked website one-time offer her response Recommended Webpage our source more info learn here generic viagra online canada
Reply Robertupdaf
3:08 PM on July 8, 2020
Ð?Ñ?пиÑ?Ñ? Ð?еÑ?вÑ?й Ð?лаÑ?оÑ?Ñ?Ñ?
ШиÑ?ки ак47 в СолнеÑ?ногоÑ?Ñ?к-7
Ð?акладки меÑ?адон в Ð?Ñ?Ñ?нÑ?ке
Ð?оÑ?ква ЯÑ?енево кÑ?пиÑ?Ñ? LSD-25 (HQ) 250мкг
Ð?Ñ?пиÑ?Ñ? закладки гаÑ?иÑ? в Ð?оÑ?но-алÑ?айÑ?ке
СанкÑ?-Ð?еÑ?еÑ?бÑ?Ñ?г кÑ?пиÑ?Ñ? Ð?аÑ?иÑ?Ñ?ана Haze]
Ð?оÑ?ки в Химки
Reply Alanenrog
2:44 PM on July 8, 2020 
buy cephalexin ivermectin 5ml motilium metformin er 500 mg buy malegra fxt chloroquine for sale buy prednisolone 5mg online uk motrin 400 mg tablets flomax prices buy azithromycin cost of tamoxifen 20 mg generic for lipitor proscar 5 mg online cheap trazodone buy wellbutrin hydroxychloroquine tablets prazosin 2 buy chloroquine hydroxychloroquine 400 mg bupropion 150 mg tablet
Reply Booenrog
1:56 PM on July 8, 2020 
trazodone 50 mg tablet buy tamoxifen how to buy cephalexin without a prescription prednisolone online where to buy flomax
Reply ktalermnzj
1:55 PM on July 8, 2020 
company website Click Home source website they said Full Posting official site see more see this Recommended Web-site great site source website my webpage these details linked site she said similar webpage helpful resources Link Website they said like it like it related website my company Read Homepage My Site cialis coupon cvs
Reply Eyeenrog
1:32 PM on July 8, 2020 
wellbutrin xl 300 mg bupropion 225 mg buy hydrochlorothiazide tamoxifen 20 mg price uk metformin 500 mg tablet buy atarax cymbalta 60 buy malegra where to buy zovirax cream buy retin a micro trazodone medication generic for proscar plaquenil cost for generic singulair cheapest price plaquenil 50 mg prednisolone 5mg prazosin online motilium buy amitriptyline where can i buy azithromycin