Companies’ Board Models and Their Influence over Company Performance and Corporate Governance Effectiveness

Abstract

In this paper we will put our focus on the operational board models in
developed economies, while stressing their advantages and
limitations. We continue our research to the new trends in shaping
board structure and its effectiveness. Since our paper is primarily of a
legal nature, we carry on with the issues related to the question as to
what are the core directors’ duties and liabilities, by whom and to
whom these duties are owed, and what are the consequences for
breaching these duties. Finally, we address the current situation in
Macedonia regarding the topics covered in the paper.