The determinants of supervisory board’s effectiveness in energy sector

Purpose: the aim of the paper is identification and presentation of determinants of supervisory board’s effectiveness in modern organization. Design/methodology/approach: own survey studies and expert opinion interviews conducted by the author. Findings: key necessary competences of supervisory board members in energy sector were identified, results of survey studies were confirmed by expert interviews. Research limitations/implications: formal legal and corporate limitations of access and use of internal information affect the scope of gathered materials. Practical implications: conducted study allows one to conclude that supervisory boards in current shape often do not guard long-term success of the company and are ill-equipped for the task at hand. Originality/value paper identifies factors which negatively influence and limit effectiveness of supervisory board, paper highlights and specifies key competences of individual board members.