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No 2009:103:
Determinants of Nonprofit Board Size and Composition The Case of Spanish Foundations
Pablo de Andrés-Alonso
,
Valentín Azofra-Palenzuela
and
M. Elena Romero-Merino
()
Additional contact information
Pablo de Andrés-Alonso: University of Valladolid
Valentín Azofra-Palenzuela: University of Valladolid
M. Elena Romero-Merino: European University Miguel de Cervantes
Abstract: Recently, many empirical studies have examined the determinants of corporate boards of directors. Using an agency theory framework, the authors explain how nonprofit boards are structured. Although nonprofits cannot disburse profits to their contributors, the role played by their boards of trustees in monitoring and advising managers is analogous to that of corporate boards of directors. Using a sample of Spanish foundations, the authors show that nonprofit board determinants, such as organizational complexity and financing structure, are similar in many ways to those of corporate boards. However, nonprofit age illustrates the different natures of these organizations and their voluntary boards.
Keywords: Nonprofit governance; board of trustees; foundations; Spain
Language: English
26 pages, 2009
Note: Available online at: http://nvs.sagepub.com/cgi/rapidpdf/0899764008320501v1
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