Jul 19, 2016 15:14
7 yrs ago
English term

common memberships on other boards

English Other Management
Hello everyone,

As described earlier, the narcissistic and lazy principle holds that people are apt to have relationships­ with people like them, so minorities and majorities and professional men and women are unlikely to have highly overlapping networks. In a study of boards of directors, for example, James Westphal found that minority directors tend to be more influential if they have direct or indirect social network ties to majority directors ***through common memberships on other boards***. These overlapping networks serve as a form of social verifica-tion and increase the likelihood that the minority’s ideas will be heard.

Does "common memberships on other boards" common acquaintances of minority and majority directors who are also members of other boards of directors?

Thank you.
Votes to reclassify question as PRO/non-PRO:

Non-PRO (2): Charlesp, acetran

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Discussion

Mikhail Korolev (asker) Jul 19, 2016:
Sorry, I failed to type "mean" in the question.

Responses

+5
8 mins
Selected

below

it means some directors (whether majority or minority) are members of other boards as well, in common (along with) with some of the other directors. They are members of (sitting on) the same boards!

So their memberships of boards are "overlapping" and hence they meet each other in various milieus in different companies (or could possibly be board members of public bodies as well). It happens a lot! Some people could be members of up too 20 different boards! Sometimes for money but mostly for prestige and networking I think...

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Note added at 10 mins (2016-07-19 15:25:09 GMT)
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https://en.wikipedia.org/wiki/Board_of_directors

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Note added at 14 mins (2016-07-19 15:28:30 GMT)
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http://www.sfu.ca/~mvolker/biz/bod.htm
Peer comment(s):

agree philgoddard
10 mins
Thanks:-)
agree Charlesp
1 hr
Thanks:-)
agree AllegroTrans
1 hr
Thanks:-)
agree Yasutomo Kanazawa
1 hr
Thanks:-)
agree Armorel Young
2 hrs
Thanks:-)
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4 KudoZ points awarded for this answer. Comment: "Many thanks to everyone. Thank you, Gallagy."
-1
1 hr

commoners vs. members of the House of Lords

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Peer comment(s):

disagree AllegroTrans : This is about company boards and has absolutely nothing to do with the British Parliament (or maybe you are pulling our legs?)
2 mins
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