“…Many scholars have therefore argued that there is no other way to analyze this proposition than to focus on actual decision-making behavior and the underlying behavioral processes of boards (Huse, 1998;Pye and Pettigrew, 2005). Although research on these issues can be characterized as highly eclectic, some studies have employed theories and concepts from the fields of cognition and small group decision making (Forbes and Milliken, 1999;Rindova, 1999;Gabrielsson and Winlund, 2000;Huse, Minichilli and Schøning, 2005;van Ees, van der Laan and Postma, 2008). Another feature of research in this stream is the influence of director competency, experience, and knowledge on effective board functioning and the making and shaping of strategic decisions (Westphal and Fredrickson, 2001;Zahra and Filatotchev, 2004;Kula and Tatogly, 2006).…”