Abstract
he main focus of this paper is to analyzethe mainstream academic thoughts onthe roles of governing boards. Six majorroles are identified: linking, coordinating,control, strategic, maintenance and supportroles. These roles are consistent with, andat the same time reflecting one of themain arguments of six different schools ofthoughts: resource dependency theory, stake-holder theory, agency theory, stewardship theory,institutional theory and managerial hegemony.A classification of the relationship betweenthese theories and the six identified roles ismade by using a typological approach. Thetypological parameters used are extrinsic andintrinsic influences, the impact of externaland internal environments, as well as func-tional and behavioural approaches. Thetypology gives rise to the need of a newtheory on the roles and functions of govern-ing boards.
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