On the other hand, it is true that if you look at the largest
firms in our sample, all of them have some non-domestic board
members. degree of internationalisation.
Now, let me conclude.
The main conclusion of this presentation
is that is a very large discrepancy between the internationalisation
of firms in terms of their activities and in terms of
their executive and non-executive boards. Unfortunately,
our data only gives a picture for the year 2001. We cannot
tell whether boards have become more international or
not over the years.
In the next phase of our work, we plan
to analyse whether there is a relationship between the
degree of internationalisation of companies and their
performance. It would be interesting to see whether companies
that have more nationally diverse boards of executives
or non-executives display better performance in terms
of return on capital.
We hope to see you in a few months
to discuss our new findings.
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