Can interlocking directorates be good?: Insight from problem loans in Italian listed banks

Corporate governance literature is particularly rich in studies which analyse the structural, organizational and functional characteristics of the board of directors (board), as the main body in corporate governance, for the purpose of identifying significant relations with internal strategy formulation and control processes, and consequently with intermediate or overall company performance. Starting from diverse theoretical perspectives, analyses tend to define the ideal configuration which would enable the board to effectively address the strategic and control role within companies.