A blue ribbon panel of academics, directors, and institutional investors and others plans to study the roles of boards of directors in corporate governance and issue a report on board practices later this year.

The group, led by Charles Elson, director of the University of Delaware’s Weinberg Center for Corporate Governance, and R. Glenn Hubbard, dean and professor of finance and economics at Columbia University’s Graduate School of Business and former chairman of the White House Council of Economic Advisers, is being funded by a grant from the Rockefeller Foundation.