Original Research Article | OPEN ACCESS
How do Boards Moderate the Powers of Powerful CEOs?

N. B. Asuquo1 , F. O. Amede2,

2Department of Accounting, Faculty of Management Sciences, University of Benin.

For correspondence:-  N. Asuquo   Email: nasuquo6@gmail.com

Received: 27 July 2018        Accepted: 30 August 2018        Published: 30 September 2018

Citation: Asuquo NB, Amede FO, How do Boards Moderate the Powers of Powerful CEOs?. Account Tax Rev 2018; 2(3):76-88 doi:

© 2018 The authors.
This is an Open Access article that uses a funding model which does not charge readers or their institutions for access and distributed under the terms of the Creative Commons Attribution License (http://creativecommons.org/licenses/by/4.0) and the Budapest Open Access Initiative (http://www.budapestopenaccessinitiative.org/read), which permit unrestricted use, distribution, and reproduction in any medium, provided the original work is properly credited..


This study is motivated by a need to understand conceptually how boards moderate the powers of powerful CEOs. To achieve this objective, a library research design was employed to review relevant concepts, theories and literature on CEO-board relations. Sources of CEO power and the avenues through which they get and use power were x-rayed. It is concluded from the study that board power being a pre-requite requirement for a vigilant and effective board, needs to be incorporated in future studies on dominant CEOs and organisational outcomes. This will lead to a synthesis of complementary theories associated with such relationship in future empirical studies.

Keywords: Boar powers, agency theory, corporate collapse, organizational structure, managerial expertise

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