The Importance of Board Size

Abstract

Board size is recognized as one of the most important elements of any board. Before providing some facts about the different board sizes as they appear in the literature, it is worth starting with a generally accepted conclusion. Based on latest studies and some new trends, it can be argued that while there is still a place for larger boards of directors less is more. Having said this, it is important to add that in the case of designing boards -and as such deciding on the optimum number of directors serving a board-one size does not fit all.