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Liminality, purpose, and psychological ownership: Board decision practices as a route to stewardship.

Nordberg, D., 2022. Liminality, purpose, and psychological ownership: Board decision practices as a route to stewardship. In: Marnet, O., ed. Handbook on Corporate Board Decision Making. Cheltenham, Glos.: Edward Elgar. (In Press)

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Abstract

The pursuit of director stewardship and its goal of corporate purpose of long-term social value face an obstacle to commitment: the liminality of directors. Non-executive directors sit permanently on the threshold of the organisation, where executive directors are expected to join them. Liminality is thought to entail freedom from hierarchy and creative space – the service role of boards. But that clashes with a board agenda increasingly weighted towards compliance – its control role. Through a series of thought experiments, fictional cases drawn from real life experiences, this chapter explores how the collective engagement of directors in decision practices can induce the development of commitment and psychological ownership that stewardship requires.

Item Type:Book Section
Additional Information:The material cannot be used for any other purpose without further permission of the publisher, and is for private use only.
Uncontrolled Keywords:Liminality ; Corporate purpose ; Stewardship ; board decision practices
Group:Bournemouth University Business School
ID Code:36543
Deposited By: Symplectic RT2
Deposited On:24 Jan 2022 15:35
Last Modified:14 Mar 2022 14:32

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