“…Stakeholders most affected by the reforms will experience a higher level of stress, which may cause feelings of insecurity and enhance the effect of rejection and subsequent resistance to change. Some stakeholders will actively resist the changes, seeing in the new corporate governance model their fears, disbelief, and inability to cope with the tasks set and achieve the strategic goals(Kotter & Schlesinger, 2008).Additionally, a lack of understanding of the role and tasks of the corporate body can reduce the effectiveness of the work of university supervisory boards(Chowdhury & Lang, 2016). This can slow down struggle between different stakeholders, resulting in conflicts and a lack of coordination in the management model(Hillman & Dalziel, 2003).…”