NEWS AND INSIGHTS UPDATE:
According to research from the University of Bristol of top U.K. companies, board room appointments are closely tied to social connections, specifically, membership in elite, private clubs and golf clubs.
The research team studied 1,700 U.K. listed companies which made appointments to their boards between 1998 to 2008. They analyzed the person chosen for each board position as well as a set of potential candidates comprised of approximately 2,600 directors. The research is still ongoing, but the team has already shared the following:
“Early findings show that before taking account of individuals’ other characteristics, those who are appointed to a board are much more likely to share an educational or social connection with current board members than those not appointed. Furthermore, the research suggests that social connections through private members’ clubs and golf clubs – as well as networks of contacts established through existing boardroom positions – may play a role in shaping who gains a seat on a board.”
Get the Details: Study reveals extent of social connections in shaping boardroom appointments via phys.org