Enhancing Board Effectiveness

17Board Roles in Business Groups and Multinational Enterprises in Emerging Markets

Gül Okutan Nilsson

1. Introduction

The roles, or in other words, duties and functions attributed to the board may vary according to numerous factors such as ownership structure or whether the company is listed or is a member of a group. Furthermore, the legal culture, social and political environment as well as the economic level of a country pose different challenges for companies, causing different corporate governance models to be adopted. The roles expected of the boards of parents and subsidiaries within a group of companies may also change depending on whether the group is set up in an emerging economy or whether it is part of a multinational enterprise ...