4. INTERNATIONAL CONGRESS ON LIFE, SOCIAL, AND HEALTH SCIENCES IN A CHANGING WORLD, İstanbul, Turkey, 12 - 13 February 2022, pp.446-452
The main purpose of this study is to examine the intellectual foundations of the board of directors,
which has an important place in the management literature. In this context, starting from the basic
discourses of organizational theories, it is discussed through studies that the theories in question feed
the field of board of directors and at what points they shed light. At this point, it has been determined
that the dominant framework is the agency theory, and besides this theory, it has been determined that
the theory of stewardship, resource dependency theory, institutional theory, social network theory and
stakeholder theory frame the board of directors. Therefore, mentioning the way in which the
aforementioned organizational theories handle the board of directors and the effort to present a holistic
reflexive framework at this point reveal the importance of the relevant study.
Keywords: Board of directors, agency theory, stewardship theory, resource dependency theory,
institutional theory, social network theory, stakeholder theory.