Papers in Innovation Studies, CIRCLE, Center for Innovation, Research and Competences in the Learning Economy, Lund University
Knowledge and Accountability: Outside’s Directors’contribution in the corporate value chain
(), Jonas Gabrielsson
() and Alessandro Minichilli
Abstract: In this article we position outside directors´
contribution in the corporate value chain. Our objective is to show how
outside board members may contribute to value creation through knowledge
and accountability. We will also provide tools for outside board members to
make contributions. The directors are accountable to balance the interest
of various sets of stakeholders. It is their responsibility to use their
knowledge to create values throughout the whole corporate value chain.
Novel heuristic approaches to board accountability are presented.
Accountability is discussed in relation to board role expectations, and we
introduce a board role taxonomy. This taxonomy is related to the various
parts of the corporate value chain. The value chain approach shows various
requirements to the knowledge and competency of the outside directors, and
to the inner working of boards. The article also presents frameworks for
evaluating and analysing actual board behaviour. Board evaluations are
tools that may help develop board knowledge and accountability to fulfil
outside directors´ value creative potential.
Keywords: Value chain; value creation; (follow links to similar papers)
JEL-Codes: O30; (follow links to similar papers)
24 pages, June 1, 2005
Before downloading any of the electronic versions below
you should read our statement on
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
Questions (including download problems) about the papers in this series should be directed to Torben Schubert ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Design by Joachim Ekebom