Dissertations / Theses on the topic 'Boards of directors – Vietnam'
To see the other types of publications on this topic, follow the link: Boards of directors – Vietnam.
Create a spot-on reference in APA, MLA, Chicago, Harvard, and other styles
Consult the top 50 dissertations / theses for your research on the topic 'Boards of directors – Vietnam.'
Next to every source in the list of references, there is an 'Add to bibliography' button. Press on it, and we will generate automatically the bibliographic reference to the chosen work in the citation style you need: APA, MLA, Harvard, Chicago, Vancouver, etc.
You can also download the full text of the academic publication as pdf and read online its abstract whenever available in the metadata.
Browse dissertations / theses on a wide variety of disciplines and organise your bibliography correctly.
1
Jain, Ravi. "Essays on boards of directors /." free to MU campus, to others for purchase, 2004. http://wwwlib.umi.com/cr/mo/fullcit?p3144425.
Full text
2
Lee, Chang Min. "Three essays on boards of directors." [Bloomington, Ind.] : Indiana University, 2008. http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&rft_val_fmt=info:ofi/fmt:kev:mtx:dissertation&res_dat=xri:pqdiss&rft_dat=xri:pqdiss:3331203.
Full textAbstract:
Thesis (Ph.D.)--Indiana University, Dept. of Economics, 2008.Title from PDF t.p. (viewed on Jul 22, 2009). Source: Dissertation Abstracts International, Volume: 69-10, Section: A, page: 4067. Adviser: Eric Rasmusen.
3
Ojebode, Aderemi Abayomi. "Learning in boards : a grounded theory study of UK boards of directors." Thesis, University of Wolverhampton, 2017. http://hdl.handle.net/2436/621209.
Full textAbstract:
Boards of directors have been described as an integral part of corporate governance research, being at "the apex of the internal control system" (Jensen, 1993, p.862). Early corporate governance research has examined whether, and to what extent, board characteristics impact on performance. However, the results of studies that focused on board structure/composition and performance produced mixed outcomes. Consequently, we saw the emergence of research on board processes and their impact on board task performance. Research on board processes is still ongoing, and scholars have been interested in, among other processes, how knowledge and skills by board members are being used (Gabrielsson and Huse, 2004; Kor and Sundaramurthy, 2009). At the same time, there is a gap within educational research on how knowledge is being created within teams that are episodic in nature, such as boards (Forbes and Milliken, 1999). As such, the concept of learning has to date been under-researched in a board context. In this thesis, board processes are studied by exploring the processes involved in the acquisition and sharing of knowledge and skills in boards. Further, as a response to calls for the adoption of alternative research approaches to the study of boards (Pettigrew, 1992; Johnson et al., 1996), this research is conducted using a qualitative method based on a grounded theory approach. The study is conducted based on evidence from semi-structured interviews with UK board members. The findings show that the creation of knowledge in boards depends on two dialectical processes of learning (acquisition of knowledge and skills from the external environment and sharing of knowledge and skills in the internal environment). The qualitative findings show that 1) directors possess certain levels of knowledge related to specific boards task – which is also known as directors’ knowledge base; 2) the gap between the level of knowledge and skills needed to perform specific board tasks and the directors knowledge base is regarded as a gap in directors’ knowledge; 3) that there are two processes of filling the gap(s) in directors’ knowledge – the process of acquiring knowledge and skills (from the external environment), and the process of sharing knowledge and skills within the board; 4) that there are factors which are impacting on the processes of acquiring and sharing knowledge in boards; and 5) the processes of learning in boards are circular and board members must continually update their knowledge to enhance their capabilities. The thesis contributes to knowledge by revealing new insights into how board members acquire knowledge and skills (processes of learning) and factors that are impacting on learning in boards, underpinning former conceptual models. Qualitative analysis itemised different types of processes for both acquiring and sharing knowledge and skills in boards. Additionally, the qualitative analysis revealed various forms of learning styles that are being employed by board members either to acquire or share knowledge and skills. Finally, this thesis contributes to qualitative research in boards and its findings have implications for board practice, especially boards’ tasks performance and processes of learning.
4
Sila, Vathunyoo. "Essays on corporate boards." Thesis, University of Edinburgh, 2015. http://hdl.handle.net/1842/25971.
Full textAbstract:
This thesis comprises three empirical studies. These studies can be read as though they are independent. However, all three of them revolve around investigating whether and how characteristics of directors can affect firm-level outcomes. The first study – “Does gender diversity affect firm equity risk?” – systematically investigates whether gender diversity in the boardroom influences firm equity risk. To identify the causal effect of gender on risk, I employ a dynamic model which allows for the possibilities that risk can influence the gender of appointed directors and that both director gender and risk can be influenced by other unobserved firm-level factors. The overall results in this study do not support the view that female boardroom representation influences equity risk. I also show that findings of a negative relationship between the two variables are spurious and driven by unobserved between-firm heterogeneous factors. The second study – “Spillover effects of women on boards” – introduces an alternative way of looking at boardroom gender diversity. The definition of boardroom gender diversity is broadened to include female directors who do not sit on the board but are connected to the board through male directors or “external” female influence. This is in addition to the “internal” influence of female directors inside the board. I find that when both external and internal influences of female directors are considered, there is evidence supporting a link between gender diversity and firm risk and that a plausible channel by which gender affects risk is through more effective monitoring. Male directors are less likely to exhibit absenteeism when they are exposed to both external and internal female influence. CEO turnover sensitivity increases with the proportion of male directors who are externally connected to women, when there is at least one female director inside the board. Risk also increases with the proportion of these connected men when they work on a board with at least one woman. The findings suggests that female directors can exert influence on firm-level outcomes despite their minority status in the boardroom. The third study – “Independent director reputation incentives and stock price informativeness” – examines whether the reputation incentives of independent directors increase the incorporation of firm-specific information into stock prices. I find that the proportion of directors who deem their directorships to be more important based on firm market capitalization is associated with higher firm-specific information content in stock prices. This is consistent with the argument that boards that are incentivized to protect their reputation can deter managers from withholding information. I find this relation to be stronger when other external monitoring mechanisms are weak and when there is uncertainty regarding the future prospects of the firm. I also find evidence that a channel by which directors can influence stock price informativeness is through voluntary disclosure. Additionally, the presence of directors with high reputation incentives is negatively associated with stock price crash.
5
Weisbach, Michael Steven. "The role and selection of boards of directors." Thesis, Massachusetts Institute of Technology, 1988. http://hdl.handle.net/1721.1/14736.
Full text
6
Msomi, Duduzile. "Factors affecting women representation on boards of directors." Diss., University of Pretoria, 2006. http://hdl.handle.net/2263/23659.
Full textAbstract:
The objective of this report is to understand the factors that hinder and those that facilitate the representation of women on boards of directors in South African companies. The insights gained on the obstacles and facilitators in achieving greater representation of women on boards of directors will give companies and individuals actionable knowledge of the key success factors and strategies that can be applied to increase representation. A literature review was done in order to apply existing theory to the research problem. The researcher‟s objectives were to answer three research questions. The methodology for the research is then described. Qualitative research was used with the research instrument being in-depth interviews. Twenty three face-to-face interviews were held with board members, executive search companies, an organisation that trains boards of directors and a women‟s professional body, using a semi-structured questionnaire. Seven respondents completed the questionnaire only. Interviews were transcribed and content analysis performed on them to extract recurring themes related to the questions asked. The results of the interviews are then presented and interpreted. The findings are that there are no conscious or deliberate attempts to keep women out of the boardroom. The factors affecting women representation on boards of directors can be attributed to the interplay of historical and cultural factors that have resulted in women not being top of mind when appointing board members. Legislation is playing an effective facilitation role, but the extent of transforming this trend, in a meaningful way and not just to be compliant, in an equal opportunities environment in which South African companies presently operate, depends on the „natural diversity insights‟ (the natural consciousness to want to do the right thing) of the shareholders, chairpersons, CEOs and/or the nomination committees who play a huge role in either recommending or making the final decision on new board appointments.Dissertation (MBA)--University of Pretoria, 2006.
Gordon Institute of Business Science (GIBS)
unrestricted
7
Grego, Mayor Jaime. "Defining a method to evaluate Boards of Directors efectiveness." Doctoral thesis, Universitat Internacional de Catalunya, 2017. http://hdl.handle.net/10803/580598.
Full textAbstract:
The purpose of this thesis is to present a new board evaluation method which takes into account both qualitative and quantitative criteria and which meets three key requirements, namely being systhematic, specific and objective. Board theories, board evaluation methods and their current use and effectiveness are reviewed. Finally, a new method is proposed and supported.La finalitat d’aquesta tesi és la de presentar un nou mètode d’avaluació de consells tenint en compte criteris tant qualitatius com quantitatives i acomplint tres requeriments clau : sistematització, especificació I objectiu. Es revisen teories sobre consells I mètodes d’avaluació tant el seu ús com la seva efectivitat. Finalment, es proposa i justifica un nou mètode.
8
Hahn, Peter D. "The structure and role of UK boards of directors." Thesis, City University London, 2008. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.514487.
Full textAbstract:
The purpose of this study is to analyse the structure and role of boards of directors of large UK companies over the period 1998 to 2004, focussing on the changes through time in their structure, their meeting frequency, the remuneration of the non-executive directors and the determinants of their decision to pay dividends or to retain earnings. Despite a wealth of predominantly US literature on boards of directors, and the various changes in board structure in the UK brought about by differenct codes, there is little evidence about the role, composition and structures of UK boards. There is also relatively little information that can be examined to determine whether board rooms, that perhaps have similar broad numbers of nonexecutive directors and executive directors, make different decisions based upon their unique demographics information. How have the UK's boards of directors recently evolved to meet new challenges? The majority of UK pension funds are invested in shares of UK listed firms and with the FTSE 100 equal to more than 80% of total market capitalisation, the boards of directors of the largest firms are of critical importance to much of the UK public's future livelihood. These large firms, by definition, are leading GDP and export contributors for the UK, most likely to face off with global competitors, and also support large numbers of employees contributing to local communities and tax revenues. I study annual report data, particularly that available in the corporate governance sections, for demographic, compensation and activity based details. I examine the evolution of large UK boards for evidence of changes that occurred endogenously and some of those that were the focus of Higgs (2003) and the Combined Code on Corporate Governance (2003). It is important to note that much of the UK literature on board of directors' details is in cross-sectional form using one year or two year samples (Singh (2004), Lasfer (2004), MORI-Higgs (2003)) which is informative but does not provide significant information on boards' evoluation through time. This study extends the literature on boards by focusing on board details beyond those basic numbers now mandated or indirectly imposed by corporate governance bodies (the Financial Reporting Council, London Stock Exchange, or the SEC and NYSE). It sheds light on trends that are likely to continue and on trends that may have a greater influence on board decisions in years to come. I, particularly, note the dramatic increase in the representation of non-UK nationals and the stable representation of women on UK boards of directors. However, I show that, in both cases, increased representation is largely only among non-executive, not executive, directors. The study also finds that despite more public attention to boards of directors, more foreigners and marginally more women, and quicker turnover, the average age of non-executive directors (58) and executive directors (50.5) remained relatively constant over the sample period. Through various forms of analysis, I found that boards organised their full meetings largely around the number of foreign nationals on the board - more foreign members substantially reduced the frequency of board meetings -a factor that was ever more visible with increased foreign representation on boards. I also find that boards of directors utilised market capitalisation as their major consideration of non-executive directors' remuneration, beyond financial performance. The use of market capitalisation also appears to coordinate with the increased reliance of remuneration consultants - advisors that were most unlikely to be able to evaluate the demands and achievements of boards. These consultants seemingly influenced the pay of non-executive directors to follow measures of market size (when this increases) but not necessarily firm performance implying that board performance and reward were more tied to largesse than shareholder value. Finally, I show that board demographics and remuneration characteristics influence dividend decisions - particularly factors that do not appear to have been studied before in relation to dividends. My empirical evidence suggests that larger boards may exert a restraining influence on dividend changes, older executives may increase dividends in order to reduce firm risk, and that executives may financially benefit from increased dividend payments during poor performance - finding specifically that amongst firms suffering declining earnings performance CEO remuneration changes are positively correlated with dividend increases whilst corporate governance guidelines instruct remuneration to be aligned with firm performance. My study has substantial policy implications for governments and the investment community demonstrating that specific board of directors' characteristics may influence positive or negative corporate finance decisions or economic behaviour thus potentially suggesting to regulators and investors that the board structure of the largest companies in the UK over the sample period was not likely to mitigate the agency conflicts between shareholders and managers.
9
Yeo, Heejung. "Organization and effectiveness of boards of directors : role and independence of directors in French large firms." Toulouse 1, 2003. http://www.theses.fr/2003TOU10062.
Full textAbstract:
La thèse se consacre aux analyses théoriques et empiriques d'organisation et efficacité de conseil d'administration, et le rôle et indépendance des administrateurs dans les grandes entreprises françaises. Tout d'abord, elle examine comment les grands actionnaires influent sur la composiition des administrateurs externes dans le conseil d'administration des firmes cotées. Nous trouvons que le 2ème grand actionnaire est négativement lié à la présence des administrateurs indépendants, et positivement lié à la présence des administrateurs affiliés. Ensuite, les échanges réciproques des directeurs généraux (CEOs) dans les 245 grandes entreprises ont été analysés. Finalement, le chapitre 4 tente de proposer une organisation efficiente à l'intérieur du conseil d'administration, notamment la création des comités de surveillanceThe dissertation is devoted to theoretical and empirical analyses of organization and effectiveness of boards of directors, and role and independance of directors in French large corporations. Literature review of corporate governance is provided in chapter 1. The second chapter examines how large shareholders affect the composition of outside directors on boards of directors in French listed firms. We find that the second large shareholders tends to be related to a lower presence of independent directors, and a higher presence of affiliated directors on the board. The third chapter addresses the reciprocal interlocks between the CEOs in 245 French large corporations. The fourth chapter analyzes the effects of board composition and ownership structure on the formation of monitoring committees in French large corporations, considered as a good indicator of board effectiveness
10
BAPTISTA, MARCIO ALVES AMARAL. "BOARDS OF DIRECTORS AND MONITORING OF STRATEGY IMPLEMENTATION: AN EFFECTIVENESS MODEL." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2013. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=21440@1.
Full textAbstract:
PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIROCOORDENAÇÃO DE APERFEIÇOAMENTO DO PESSOAL DE ENSINO SUPERIOR
FUNDAÇÃO DE APOIO À PESQUISA DO ESTADO DO RIO DE JANEIRO
PROGRAMA DE SUPORTE À PÓS-GRADUAÇÃO DE INSTS. DE ENSINO
Desenvolveu-se neste estudo um modelo para analisar a eficácia de um Conselho de Administração - CA na monitoração da implementação estratégica – IE com base em fatores não estruturais antecedentes. Não obstante o intenso debate em curso sobre como a governança corporativa - GC e os CAs devem assegurar o atingimento dos objetivos estratégicos das empresas, não foram identificados estudos que analisem sistematicamente a tarefa de monitoração da IE nos CAs, propondo modelos de eficácia. Endereçando essa lacuna, partiu-se de modelos gerais de desempenho de CAs para, com base na Teoria de Produção em Equipe (Blair E Stout, 1999), identificar fatores específicos que podem afetar o desempenho dos conselhos no asseguramento da implementação estratégica. Empregou-se um método de pesquisa integrativo, em duas etapas. A primeira, qualitativa, consistiu de entrevistas com conselheiros de administração experientes, visando obter subsídios para delimitar um modelo conceitual preliminar desenvolvido a partir do referencial teórico. Esse modelo preliminar é, em si mesmo, um produto de pesquisa que poderá embasar estudos futuros. A segunda etapa consistiu de uma survey com 217 conselheiros de administração de empresas brasileiras, com o objetivo de coletar dados sobre a intensidade das relações entre as variáveis selecionadas, confirmando sua validade. Em virtude da existência de relações simultâneas entre os construtos da pesquisa e de erros de mensuração, empregou-se a modelagem de equações estruturais para analisar o desempenho de quatro modelos concorrentes embasados na teoria. O modelo final incluiu cinco construtos explicativos da Eficácia na Monitoração da IE: a Liderança do Presidente do CA, o Acesso a Informações, o Conhecimento do Negócio, a Dinâmica de Trabalho do CA e a Atenção à Monitoração da IE. Esse modelo confirmou todas as hipóteses formuladas sobre relações entre esses construtos e explicou 54 por cento da variância observada na Eficácia na Monitoração da IE. Os resultados indicaram a existência de mediações múltiplas entre os construtos. A Liderança do Presidente do CA mostrou-se positivamente associada ao Acesso a Informações, à Dinâmica de Trabalho do CA e à Atenção à Monitoração da IE. Isso sugere que um presidente do CA com melhores atributos de liderança poderá influenciar simultaneamente diversos fatores que impactam o desempenho do CA na monitoração estratégica. Verificou-se, também, que CAs com melhor acesso às informações e mais conhecimentos específicos do negócio poderão apresentar uma dinâmica de trabalho que favorecerá a monitoração da IE. Também em linha com o esperado, observou-se que o desempenho do CA na monitoração estratégica depende diretamente do grau de atenção dedicado à tarefa. Esse resultado sugere que a adoção tanto de políticas internas como de normas que incluam a monitoração da implementação estratégica na pauta do CA afetará o desempenho do Conselho nessa tarefa. O real funcionamento dos CAs é um tema pouco pesquisado, devido a reconhecidas dificuldades empíricas. Ao identificar a natureza das relações entre os antecedentes de eficácia de CAs na monitoração estratégica em um contexto não anglo-americano, este estudo pretende fazer uma contribuição inovadora para a expansão do conhecimento e para a melhoria das práticas de GC e de gestão estratégica.
This study presents a model of non-structural factors that affect the effectiveness of boards of directors in monitoring strategy implementation - SI. Despite the intense debate on the contribution of corporate governance to the strategic success of firms, no studies have analyzed systematically the antecedents of the SI monitoring task that boards are expected to perform. Building on general board performance models, this study used a Team Production Theory perspective (Blair and Stout, 1999) to identify the factors that may influence a board’s performance in ensuring SI. A two-step research method was used. The first step consisted of in-depth interviews with a panel of experienced board directors. The interviews generated insight to delimitate a preliminary analytical framework that was built from literature. This framework is, in itself, a research product that may be used to ground future studies. The second step was a survey with 217 board directors of Brazilian companies. The collected data were analyzed by the method of structural equations - SEM, in order to cope with simultaneous relationships among constructs and measurement errors. Four competing and theoreticallygrounded structural models were analyzed for fit and explanatory power. The final model included five explanatory constructs of Board Effectiveness in SI Monitoring: Board Chairperson Leadership, Access to Information, Business Knowledge, Board Work Dynamics and Attention to SI Monitoring. The model confirmed all the hypothesized relationships among the constructs and explained 54 per cent of the variance observed in Board Effectiveness in SI Monitoring. The results revealed multiple mediations among the constructs. Board Chairperson Leadership was positively associated with Access to Information, Board Work Dynamics and Attention to SI Monitoring. This suggests that a board chairperson with superior leadership attributes may simultaneously influence several factors that impact the board’s strategic monitoring performance. In addition, the results showed that boards that have more access to information may display a work dynamics that is conducive to performance in monitoring SI. As expected, a board’s effectiveness in the SI monitoring task was found to depend directly on the level of attention devoted to it. This suggests that the adoption of internal policies and norms that include the SI monitoring task in the board’s agenda will improve its performance in the task. The actual functioning of boards is a hitherto under-researched phenomenon due to widely acknowledged empirical difficulties. By investigating the nature of the relationships among the antecedents that affect the quality of a board’s intervention into the SI process, and by analyzing them in a non anglo-american empirical setting, this study aims to make an innovative contribution to the knowledge and management practices in the fields of corporate governance and strategic management.
11
McNamee, Mpho. "The perceived effectiveness of directors of multiple boards in South Africa." Diss., University of Pretoria, 2017. http://hdl.handle.net/2263/64881.
Full textAbstract:
This study analyses the perceived effectiveness of directors who sit on multiple boards
in South Africa. Recent guidelines and reforms to South AfricaÕs corporate governance
architecture are outlined in detail at the outset of this study. They provide the context for
the subsequent overview of the competing scholarly perspectives on the benefits (e.g.
experience) and disadvantages (e.g. reduced capacity) of including so-called Ôbusy
directorsÕ on boards, especially as they relate to the distinct political, social and business
environment of South Africa. Through a qualitative approach based on a series of
detailed, semi-structured interviews with representatives of three key groupings Ð busy
directors, company secretaries and board governance experts Ð this study then probes
a number of key factors that may diminish or enhance director effectiveness and impact
board recruitment decisions. Particular attention is paid to issues of capacity, experience,
networks and board culture. Complemented by a comprehensive review of relevant
literature, the study reveals a complex picture of the busy director phenomenon in South
Africa. The findings give heavy prominence to the value of ÔexperienceÕ in board director
selection, so much so that firms often overlook the negative impact on capacity of
directors stretched across multiple boards. Although limitations on busy directors have
been imposed in other regions such as Europe and North America, this study finds that
the particularities of the South African context may make similar restrictions unwarranted
Ð at least for the time being Ð owing to the relative scarcity of certain skillsets and
experiences within the current pool of potential board directors. A ÔDirector and Board
Effectiveness ModelÕ, devised by the researcher based on the research findings, is
presented in the final section of this study to help sensitise directors, boards and firms
on the need to better understand the complex dynamics around busy directors.Mini Dissertation (MBA)--University of Pretoria, 2017.
nk2018
Gordon Institute of Business Science (GIBS)
MBA
Unrestricted
12
Coombes, Susan. "Boards of directors and nonprofit entrepreneurial orientation Catalyst, inhibitor, or inconsequential /." Related electronic resource: Current Research at SU : database of SU dissertations, recent titles available full text, 2008. http://wwwlib.umi.com/cr/syr/main.
Full text
13
Hartmann, Michael C. "Continuing Education for Board Directors an Empirical Study of its Effects on Directors, Boards and Public Trust /." kostenfrei, 2008. http://www.biblio.unisg.ch/www/edis.nsf/wwwDisplayIdentifier/3506.
Full text
14
Najib, Roya. "Women on New Zealand corporate boards." Thesis, University of Canterbury. Accountancy, Finance and Information Systems, 2008. http://hdl.handle.net/10092/877.
Full textAbstract:
Replicating and extending Singh and Vinnicombe (2006), the primary problems addressed in this research are: What factors influence women's attainment of corporate directorships? And what are the proportions of female executive and non-executive directors and CEOs in New Zealand? Executive directors are company employees who attain board directorships via progressing through CEO and other top management roles; therefore, this study included an investigation of the proportion of women in executive and non-executive director and CEO roles in New Zealand companies. To understand women's non-progression to corporate boards, 11 male and female directors were interviewed. Contrary to international research findings, the majority of interviewees in this study emphasised the importance of networks in attaining corporate directorships in New Zealand. Explanations for women's under-representation on corporate boards included lack of networks, family commitments, pipeline theory, lack of aspiration for power, career choices, risk adversity, male organisational culture, discrimination and women's unsuitability for director roles. Archival analysis indicated that of a total of 1366 corporate directors, women constituted 88 (6.44%) directorships. Women held 64 non-executive (4.69% of total directorships), 23 executive (1.68% of total directorships) and one alternate directorship. The findings indicated that there were only five women CEOs and only five out of a total of 240 New Zealand corporate boards achieved gender equality. Social identity theory was used to provide insight into this change resistant phenomenon.
15
Hedström, Anna, and Elin Albåge. "Winning the Board Game : Increasing the Strategic Involvement of Boards of Directors." Thesis, Uppsala universitet, Företagsekonomiska institutionen, 2016. http://urn.kb.se/resolve?urn=urn:nbn:se:uu:diva-302313.
Full textAbstract:
After the financial crisis and several corporate scandals, efforts to improve the quality of corporate governance have been made but extended regulatory actions can be seen as insufficient as issues still arise. According to several scholars and practitioners one way for boards to become more efficient is by increasing their involvement in strategy. However, there are discrepancies in what the boards are expected to do and what they are capable of doing. By researching what the barriers are for boards’ active involvement in strategy, the purpose of this paper is to fill, or at least partly explain, this empirical gap. Palepu (2012) has identified four potential barriers for boards’ strategic involvement; the role of the board, external pressures, access to information and boardroom dynamics. Based on Palepu’s framework 17 board members were interviewed with the aim to explore underlying issues and problems preventing strategic work in the boardroom. The results of this study show that the potential barriers for strategic involvement have two different effects on strategy. The role of the board, as well as the external pressure affect the amount of time spent on strategy in the boardroom. The boardroom dynamics and the access to information on the other hand have an impact on the quality of the strategic discussions. These four factors may then limit boards’ involvement in strategic questions if not handled correctly. Two main areas that have shown to be of utmost importance in improving the strategy engagement and the board work in full are increasing the level of engagement of the individual director and having more diversified boards in large. Diversification and higher levels of engagement are thereby two key factors which should be prioritized in order to ensure a sustainable development of corporate governance with more efficient boards actively involved in strategy.
16
Shaefer, Christine H. "Leadership by the team| Perceptions within nonprofit membership organizations' boards of directors." Thesis, Marian University, 2015. http://pqdtopen.proquest.com/#viewpdf?dispub=3714103.
Full textAbstract:
Through an explanatory, sequential mixed methods design with a constructivist frame, this research provides one of the first looks at full range leadership behaviors as shared among directors and explores the group dynamics at work within boards of nonprofit membership organizations. A sample of such organizations in one Midwestern state resulted in chief staff officer participation ( n = 7) in both a custom-designed online survey and a telephone interview, and director participation (n = 45) in a separate online survey, consisting primarily of the questions included in the Team Multifactor Leadership Questionnaire (Avolio & Bass, 1996), as well as telephone interviews with a sub-set of directors (n = 18).
Overall, participants reported high satisfaction with the leadership of their boards and perceptions of high board effectiveness. Directors cited transformational leadership behaviors, most predominantly idealized attributes, inspirational motivation, and idealized behaviors, as those their boards exhibit most often.
Quantitative data analyses resulted in insignificant correlations between the level of agreement among directors within each board—high in each participating organization—and both the board’s frequency of unanimous votes and the directors’ satisfaction with the leadership of the board. Qualitative data provided a more nuanced understanding of within board agreement with directors and chief staff officers seeking to increase the amount of questioning occurring during board deliberations.
Statistically, ratings of directors’ shared leadership behaviors, satisfaction with the leadership of the board, and perceived board effectiveness did not differ between directors and chief staff officers. In the majority of participating organizations, the chief staff officer does not hold a formal position on the board, but interview data surfaced a gate-keeper role for the chief staff officer, largely determining what warrants the board’s time and attention, and filtering the information that reaches the directors.
In building their board teams, the majority of participating organizations have competitive elections only sometimes or never, yet the majority of chief staff officers reported it is not difficult to find qualified board members. Of interview participants, both directors and chief staff officers ( n = 25), 88% stated their boards operate well as teams.
Both directors and chief staff officers in this study acknowledged influences of group dynamics on their efforts to lead their organizations, and the challenges to developing their boards as teams resulting from infrequent in-person meetings and the perception of limited time available from directors. However, directors expressed interest in strengthening their teams by getting to know their fellow directors better.
The meanings chief staff officers and directors in this study made of their boards and their roles in them offer a view into the phenomenon of nonprofit membership organizations’ boards as teams, a largely unexplored area of nonprofit research to date.
17
Stiles, Philip. "The roles and responsibilities of boards of directors in large UK companies." Thesis, University of London, 1998. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.364786.
Full text
18
Lester, Richard H. "A road less traveled Investigating the outside directors of America's corporate boards /." Diss., Texas A&M University, 2003. http://hdl.handle.net/1969/493.
Full text
19
Siladi, Biserka. "The role of non-executive directors in corporate governance an evaluation /." Swinburne Research Bank, 2006. http://hdl.handle.net/1959.3/25900.
Full textAbstract:
Thesis (MBus) - Faculty of Business and Enterprise, Swinburne University of Technology, 2006.This thesis is submitted in fulfillment of the requirements for the degree of Master of Business in the Faculty of Business and Enterprise, Swinburne University of Technology - 2006. Typescript. Includes bibliographical references (p. 113-125).
20
SILVA, CÉSAR LAGE DA. "IDENTIFICATION OF COMPETENCIES REQUIRED BY BOARDS OF DIRECTORS OF BRAZILIAN FAMILY-OWNED COMPANIES." PONTIFÍCIA UNIVERSIDADE CATÓLICA DO RIO DE JANEIRO, 2016. http://www.maxwell.vrac.puc-rio.br/Busca_etds.php?strSecao=resultado&nrSeq=32413@1.
Full textAbstract:
Na busca de maior competitividade, as organizações tem buscado cada vez mais se tornarem mais eficientes e como resultado desse processo tem adotado de forma crescente melhores práticas de Governança Corporativa. Dentre estas práticas destaca-se a adoção do Conselho de Administração. Para tanto, a escolha adequada dos conselheiros de administração é fundamental para o sucesso organizacional. Esse é o objetivo dessa dissertação: identificar as competências necessárias aos conselheiros de administração de empresas brasileiras, com foco nas organizações de controle familiar. Para atingir este objetivo foi realizada uma pesquisa qualitativa, analítica e descritiva com entrevistas em profundidade
realizadas com um grupo de conselheiros selecionados por experiência nesse tipo de empresa e acessibilidade. Um grupo de gerentes também foi entrevistado de modo a apurar semelhanças e diferenças de competências essenciais entre conselheiros e gerentes. Como referencial analítico do trabalho foi utilizado o modelo de liderança de Quinn (2003) e o modelo de competências desenvolvido pelo Instituto Brasileiro de Governança Corporativa (IBGC) aplicados aos Conselhos de Administração. A conclusão deste estudo aponta a hierarquização das competências de maior e menor relevância segundo avaliação dos
conselheiros. Concluímos que, compreender a cultura organizacional, ter visão estratégica e saber administrar conflitos são competências fundamentais para um conselheiro de uma empresa familiar. Por fim, as entrevistas chamaram atenção também para várias outras competências, entre as quais importância da compreensão da dinâmica e dos anseios dos membros controladores da família, o desenvolvimento de relações de confiança, credibilidade e respeito com os controladores, e a capacidade de persuasão com vistas a adoção de novas práticas.In search of competitiveness, organizations have increasingly pursue to become more efficient and as a result of this process has increasingly the adoption of Corporate Governance s best practices. Among these practices is highlighted the adoption of the Board of Directors. Therefore, the appropriate choice of board members is critical to organizational success. This is the objective of this dissertation: identify the competencies required by board members of Brazilian companies, focusing on family-owned organizations. To achieve this goal a qualitative, analytical and descriptive research with in-depth interviews conducted with a group of board members selected by experience in this type of company and by accessibility was held. A group of managers was also interviewed in order to ascertain similarities and differences in core competencies of directors and managers. As analytical reference basis was used Quinn s leadership model (2003) and the competency model developed by the Brazilian Institute of Corporate Governance (IBGC) applicable to the Board of Directors. The conclusion of this study points to the hierarchy of competences in terms of greater and lesser relevance as assessed by board members. The conclusion shows that, understanding the organizational culture, own strategic vision and know-how in managing conflicts are core competencies for a board member of a family-owned company. Finally, the interviews also have highlighted a number of other competencies as, importance of understanding the dynamics and desires of the controlling-family members, the development of relationships of trust, credibility and respect with the group of control, and to own persuasion capacity with objective to adopting new practices.
21
Gull, Ammar Ali. "Gender-diverse boards and financial statements quality : the role of female directors’ attributes." Thesis, Le Mans, 2018. http://www.theses.fr/2018LEMA2001/document.
Full textAbstract:
Cette thèse propose d'étudier dans quelle mesure la diversité du genre au conseil d'administration influence la qualité des états financiers. Plus précisément, cette thèse explore la relation entre la diversité du genre au conseil d'administration et la qualité des états financiers en soulignant l'influence des attributs des femmes administrateurs sur la qualité des états financiers.Cette thèse repose sur un large échantillon d'entreprises françaises appartenant à l'indice CAC All-shares d'Euronext Paris entre 2001 et 2010. Après avoir contrôlé l'endogénéité et d'autres facteurs spécifiques au conseil d'administration, à l'entreprise et à l'industrie, nos résultats montrent que la diversité du genre au conseil d‟administration est positivement associée à la qualité des états financiers. De plus, nos résultats mettent en lumière une influence significative des attributs des femmes administrateurs sur la relation entre la diversité du genre dans les conseils d'administration et la qualité des états financiers. En ce qui concerne plus particulièrement les attributs, nous avons trouvé que l'appartenance au comité d‟audit, l'expertise comptable et financière et l'expérience des femmes ont un impact positif et significatif sur la qualité des états financiers. L'ensemble de ces résultats témoigne de l'importance des compétences dans les conseils d'administration diversifiés en termes de genre et révèlent la pertinence des attributs des femmes administrateurs pour assurer la qualité des états financiersThis thesis proposes to study to what extent board gender diversity influence the quality of financial statements. Specifically, this thesis explores the relation between gender-diverse boards and financial statements quality by highlighting the value relevance of female directors‟ attributes for enhancing the quality of financial statements.This thesis focuses on a large sample of French firms belonging to the CAC-All shares index listed on Euronext Paris over the period 2001 to 2010. We find, after controlling for endogeneity and other board, firm and industry specific factors, that board gender diversityis positively associated with the quality of financial statements. Further, our findings provide evidence of significant influence of female directors‟ attributes on the relation between gender-diverse boards and financial statements quality. With regard to female directors‟ attributes, we find concrete evidence to suggest that audit committee memberships, financial expertise and experience of women have substantial impact on the quality of financial statements. Taken together, these results testify the effective monitoring skills of gender-diverse boards and the value relevance of female directors‟ attributes for ensuring the quality of financial statements. Finally, an important implication of thesis is that the decision to appoint women on corporate boards should be more based on their statutory and demographic attributes than blind implementation of gender quotas
22
Lyons, Bridget Elizabeth. "Motivations, Roles, Characteristics, and Power: Women Volunteer Leaders on Nonprofit Boards of Directors." VCU Scholars Compass, 2004. http://scholarscompass.vcu.edu/etd/1440.
Full textAbstract:
The purpose of this study was to describe and analyze the leadership experiences of woman presidents of nonprofit agencies who are perceived as successful. Recognizing that participants' descriptions of their leadership experience are both similar and different, those similarities and differences are explored and analyzed. Commitment to the organization's mission, communicating a vision into action, fostering collaboration, and an adaptable leadership approach all contributed to the success of these female board presidents. A case study design was used to obtain an in-depth understanding of the phenomenon of women leaders on nonprofit boards of directors. In-depth interviewing, observations with field notes, member checking, and written materials were utilized as data collection techniques. The selection of eight current and former board presidents for this study involved purposeful, criterion-based sampling. The researcher selected subjects based on their knowledge and experience with the phenomenon under investigation. An interesting finding from the study was that participants shared the same motivation and commitment to nonprofit work, as well as similar leadership qualities despite their differences in socioeconomic background, ethnicity, race, and age. The data also revealed these women place a high value on the social element of nonprofit work. Research supports that women overall are more likely to attach importance to helping others then men who place more significance on status and prestige. This finding based on the literature review and data analysis, suggests further research should include a comparative study of leadership qualities of men and women nonprofit board presidents to determine if there is a consistent leadership model.Nonprofits need to recognize that future leaders are out there waiting to be trained and among them are women who have transferable skills along with a passion and commitment to an organization. Those nonprofit agencies who understand the value of training and board development will be cultivating the leaders of tomorrow.
23
Valentine, Elizabeth L. H. "Enterprise technology governance: New information and technology core competencies for boards of directors." Thesis, Queensland University of Technology, 2016. https://eprints.qut.edu.au/93089/1/Elizabeth_Valentine_Thesis.pdf.
Full textAbstract:
Boards of directors have legal and ethical responsibilities to be competent. Yet, in a world where business models and whole sectors are being disrupted by rapid information and technology change, a majority of directors lack IT governance knowledge and skills. Individual IT competency and collective board Enterprise Technology Governance capability is a global problem. Without capability, boards are potentially flying blind, and risk is increased and opportunities to lead and govern digital transformation lost. To address this capability gap, this research provides the first multi-industry validated Enterprise Technology Governance competency set for use in board evaluation, recruitment and professional development.
DOI: 10.13140/RG.2.2.34027.95529
24
Matsaba, Mohla. "Why are there so few women on South African company boards?" Diss., University of Pretoria, 2010. http://hdl.handle.net/2263/25376.
Full textAbstract:
The purpose of this research is to investigate why there are so few women on South African company boards. Since the first democratic elections in South Africa, diversity has been in the focal point to correct the discrimination and inequalities of the past; however the gender diversity has not been very successful on company boards. Exploratory or qualitative research methodology was employed based on semistructured interviews with a non-probability sample of 13 respondents. All respondents were women who served on company board as directors. They were from various sectors of the economy and served in various capacities on the boards. This study found that the market and the shareholder profiles have diversified considerably, however the company boards have not changed significantly. The gender gap maybe narrowing on company boards however the levels of discrimination and inequalities are still very high. Gender stereotypes continue to inform many decisions in business, including those of board appointments. The study also found that for transformation to occur successfully, leadership had to play a major role. Government has implemented sound regulatory systems that encourage diversity and it is now up to the leadership in companies to take the responsibility and give women opportunities to participate in business through boards. Government, through policies and regulations, continue to play a crucial role in facilitating transformation however the pace of change remains sluggish. Leadership has a critical role to play because the purpose of the policies and regulations is not only to get companies to achieve compliance, but to create equal opportunities for all South Africans. CopyrightDissertation (MBA)--University of Pretoria, 2010.
Gordon Institute of Business Science (GIBS)
unrestricted
25
Lewchalermwongse, Niruncha. "The role of independent non-executive directors in Thailand : their own perception." Thesis, University of Aberdeen, 2010. http://digitool.abdn.ac.uk:80/webclient/DeliveryManager?pid=131547.
Full textAbstract:
This research offers the perceptions of independent non-executive directors (INEDs) in Thailand of their roles and the way they cope with constraints such as family-concentrated ownership structures and asymmetric information problems. There has been scant prior research in this area. The researcher applied qualitative research techniques to understand what was in the interviewees’ minds. The semi-structured interview was employed because it allowed some flexibility while also providing some guidelines. The fieldwork data reveals that interviewed INEDs were aware of a board’s control role which, in theory, can be realised by nominating and remunerating top management; however, in practice they had no authority to do so due to the family-concentrated ownership of Thai firms. Ensuring compliance with laws and regulations was the actual controlling activity which they undertook. Another role perceived was a service role concerned with giving advice and counsel to management. Although the interviewees rarely got involved with planning and directing, they contributed their expertise to the board. Their service function also helped them to better fulfil a control role because an INED’s service role builds his credibility in the eyes of management. This allows them to gain access to better information about a company – a critical input of a control role. Therefore, a good relationship between executives and non-executives is an essential factor for INED’s effectiveness. i A proportion of outside directors on the board and a director’s independent background were not considered guarantees of board independence. Only an INED’s independence of mind matters. Such independence can be exercised by resigning in order to send a signal to the market and protect minority shareholders. The competencies and personal characteristics of INEDs and their motivations are other elements contributing to their effectiveness.
26
Siladi, Biserka, and n/a. "The role of non-executive directors in corporate governance : an evaluation." Swinburne University of Technology, 2006. http://adt.lib.swin.edu.au./public/adt-VSWT20060907.120343.
Full textAbstract:
Corporate governance has become an increasingly topical issue in recent years. This
has been fuelled by such corporate collapses as Enron, Worldcom, Parmalat, One.Tel
and HIH. The role and responsibility of the board and directors has emerged as an
important issue in examining the cause of these collapses. This has created much
debate on what the role of the directors is in 'directing', 'monitoring' or 'advising' a
company.
Research indicates that investors are prepared to a pay a premium for good
governance. This raises a number of questions. What is governance? How do we
determine what is good governance? What role do directors have in this? Does the
company's performance improve by adopting good governance practices?
There are numerous approaches to examining what makes a good board. Quantitative
techniques have included the use of such measurable concepts as the number of
executive and non-executive directors, directors' skill base (for example,
accountancy, marketing etc) and frequency of meetings attended. Researchers have
also attempted to measure board performance and effectiveness by using indicators
such as share values and shareholder returns.
There is a lack of qualitative research in board behaviour and effectiveness. This
exploratory study adopts a qualitative approach in order to provide richer data. It uses
interviews to evaluate directors' views on some aspects of corporate governance,
specifically in relation to the executive and non-executive director debate. The
interviews were conducted with 11 directors from a variety of organizations in the forprofit
and not-for-profit sectors.
Two major themes have emerged from the analysis of the interviews. Firstly, directors
are traditionally considered to be responsible for maximising shareholder wealth.
However, directors are now expected to broaden their responsibilities to include other
stakeholders and to consider social and environmental issues in making their
decisions. The findings indicate that it is now more demanding to be a director due to
increased workloads arising from the regulatory and legal requirements. This has also
impacted on director and board evaluations, multiple directorships and directors
remuneration levels.
The second major theme that emerged from this study is that directors' personal
experiences did not necessarily concur with governance principles and guidelines. For
example, the widely recommended method of achieving 'best practice' by having a
majority of non-executive directors on a board is considered too simplistic.
Further studies are required on the behavioural and personality traits, technical skills
of the directors, board structure, composition and type of organization which make the
best contribution to achieving boardroom effectiveness.
27
Griesbach, David. "The Role of Information in the Strategic Decision-Making for Swiss Boards of Directors." St. Gallen, 2007. http://www.biblio.unisg.ch/org/biblio/edoc.nsf/wwwDisplayIdentifier/00168591001/$FILE/00168591001.pdf.
Full text
28
Markham, James. "CEO entrenchment versus boards of directors performance is not all that matters to turnover /." Access to citation, abstract and download form provided by ProQuest Information and Learning Company; downloadable PDF file, 172 p, 2009. http://proquest.umi.com/pqdweb?did=1654492691&sid=1&Fmt=2&clientId=8331&RQT=309&VName=PQD.
Full text
29
Tuggle, Christopher Scott. "Attending to opportunity: an attention-based model of how boards of directors impact strategic entrepreneurship in established enterprise." Diss., Texas A&M University, 2004. http://hdl.handle.net/1969.1/1382.
Full textAbstract:
Using the attention-based view, this study is concerned with two levels of board of directors interaction relating to strategic entrepreneurship: (1) how individual board members may affect the attention of the entire board, and (2) how the board may affect the attention and resource allocation of the firm. Unique to prior literature, this study considers contextual factors at each level of interaction and views the board room communications through unprecedented access. Multiple regression and negative binomial regression analyses are used to test the theoretical hypotheses.
30
Wang, Yi. "Board independence and firm performance evidence from ASX-listed companies /." Swinburne Research Bank, 2009. http://hdl.handle.net/1959.3/66774.
Full textAbstract:
Thesis (PhD) - Faculty of Business and Enterprise, Swinburne University of Technology, 2009.A thesis is submitted for the degree Doctor of Philosophy, Faculty of Business and Enterprise, Swinburne University of Technology - 2009. Typescript. "August 2009". Includes bibliographical references (p. 161-189)
31
Matthews, William A. "The residual control roles of cooperative board of directors a preliminary comparative analysis /." Diss., Columbia, Mo. : University of Missouri-Columbia, 2007. http://hdl.handle.net/10355/4802.
Full textAbstract:
Thesis (Ph.D.)--University of Missouri-Columbia, 2007.The entire dissertation/thesis text is included in the research.pdf file; the official abstract appears in the short.pdf file (which also appears in the research.pdf); a non-technical general description, or public abstract, appears in the public.pdf file. Title from title screen of research.pdf file (viewed on March 11, 2009) Includes bibliographical references.
32
Vu, Van Ngoc. "Reforming company law relating to directors' duties and responsibilities in Vietnam." Thesis, University of Leeds, 2013. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.597095.
Full textAbstract:
Good corporate governance and the protection of investors are key elements in the development of the capital market and economy of any country. Countries must compete to attract capital both from abroad and at home for the purpose of economic development. An economy where directors are not accountable to the company and its shareholders are able to appropriate the assets of minority shareholders will clearly not be an investor's first choice of destination. The law on directors' duties, among other mechanisms, is one tool for the promotion of good corporate governance and the protection of investors. However, most studies on the law on directors' duties are based on developed jurisdictions 'with different economic, social, legal and cultural characteristics from the developing countries. This thesis seeks to present the subject from the perspective of Vietnam, a developing nation in transition from a centrally planned economy to a market based economy,. The research studied the law on directors' duties in two of the most developed countries in the world, the UK and the US, with the aim of better understanding how they have regulated this issue and what lessons can be learnt from their experiences. The research also examined the current company law relating to directors' duties and responsibilities in Vietnam and investigated the understanding of directors' duties among some of the country's directors, scholars, judges, lawyers and investors in order to evaluate the current law and its enforcement, and to gauge their opinions as to how the law on directors' duties could be improved in the future. The research answers the following questions: first, is the existing law relating to directors' duties and liabilities in Vietnam sufficient? Second, if the law is not sufficient, how can it be modified? Finally, and based partly on the answers to the first two questions what form should Vietnamese law on directors' duties and liabilities take in the future? The research found that breach of directors' duties is common in Vietnam and that the two most common abusive actions by directors (and majority shareholders of the same company as well) are (i) the issuing of the company's new shares in breach of the law and the company's charter, at the risk of compromising the interests of minority .shareholders, and (ii) disloyal acts, including exploitation of the company's corporate opportunities and involvement in self-dealing transactions. The research also established that the current law on directors' duties in Vietnam is neither suitable nor sufficient to reduce agency problems in Vietnam. The law on directors' duties is general, vague and unenforceable in practice. The thesis proposes recommendations on how the company law relating to directors' duties and responsibilities should be reformed in the future, as a driving force for the promotion of corporate governance and economic development in Vietnam.
33
Modiba, Mantsha Emelda. "Examining the relationship between board of directors' gender and sustainability disclosure." Thesis, University of Limpopo, 2016. http://hdl.handle.net/10386/2571.
Full textAbstract:
Thesis (MBA.) -- University of Limpopo, 2016This research examined whether an improved participation of women in the board of Socially Responsible Investing (SRI) firms has any relationship with sustainability disclosure. Accordingly, the objective of this research was to examine the relationship between the number of women on the board and environmental, social and gender-employment disclosure in South African firms. The research applied a purposive sampling design to study the nine best socially responsible investing firms on the Johannesburg Stock Exchange and secondary data were collected from the sustainability reports of the firms. Using a quantitative approach, the panel-data regression analysis was used to analyse the relationship between women on the board of directors, environmental, social and gender employment disclosure. Energy consumption disclosure, social investment and the number of women employment in the firms were the proxy for environmental disclosure, social investment and gender employment disclosures respectively. Findings show a positive relationship between the number of women on the board of directors and firm disclosure on energy consumption, disclosure on women employment and social investment disclosure. However, the number of women employed in the corporate is still very low in comparison with the male counterparts. The research recommends that, given the unique social and environmental sensitivity of women, the corporate should recruit more women onto the boards to enhance accelerated corporate sustainability performance and disclosures. Key words: sustainability disclosure, women in the board, sustainability performance, energy disclosure, sustainable development
34
Cau, Tommie, Anna Rehnström, and Carl-Johan Vilsson. "Internationalization of Corporate Boards - and the rationals behind it." Thesis, Jönköping University, JIBS, EMM (Entrepreneurship, Marketing, Management), 2006. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-508.
Full textAbstract:
Background: During the past ten years an increasing trend of international representation in Swedish boards, referred to as board internationalization, has occured. Figures show that in 1994 foreign board members held 3,4% (Sundin & Sundqvist, 1995) of the seats in Swedish companies boards, today that figure is 14,2% (Fristedt & Sundqvist, 2005). This trend seems to continue as the nominations of this year is streaming in. Although this trend occurs Swedish business press is questioning why not more foreign directors are being appointed members to board (Almgren, 2006). Fahim (2005) also questions this and argues that companies need to realise that there is a profitability perspective on the subject of diversity. In many of the large Swedish companies the absence of foreign directors is noticed, but there is a few in the forefront which have appointed foreign directors. The reasons for internationalizing a board can be different and it interesting to investigate how forefront companies discuss internationalization in general and which reasons in particular that drives board internationalization.
Purpose: The thesis' purpose is to investigate the main rational for board internationalization.
Frame of reference: In the frame of reference, four possible influences on the internationalization of the board is presented, in order to be discussed and compared to the empirical findings; corporate governance, ownership structure, stakeholder pressure, and competitive advantage.
Method: In order to fulfill the purpose, a qualitative research method is chosen, based on in-depth interviews. The sample consists of ten interviews with chairmen of Swedish boards within companies that are represented by at least one foreign board member.
Conclusion: We have concluded that the main rational of board internationalization is the search for competitive advantage, which is believed to be created by a board with diverse competences and networks. Regarding ownership structure, foreign private owners are the only ones that are influencing the internationalization. Both the corporate governance development and the stakeholder pressure are identified in the empirical findings, but not believed to be an influence of internationalization.
35
Ogbechie, Christopher Ike. "Key determinants of effective board of directors : evidence from Nigeria." Thesis, Brunel University, 2012. http://bura.brunel.ac.uk/handle/2438/7667.
Full textAbstract:
The 2008 financial crisis that led to the collapse of companies and economic recession in most countries has also increased the concern for transparency, accountability and regulatory oversight and once more put corporate governance and board effectiveness on the front burner of big business issues all over the world. The board is seen as a key player in governance of companies and there is need for a better understanding of how this body works. Majority of the research work in these areas has been in developed economies and not much work has been done in the area of board effectiveness in the emerging markets of Africa. This thesis examines the relationship between key board characteristics and board effectiveness. It also explored the impact of certain mediators on this relationship. Unlike most studies on board which focus on firm performance and mostly in developed markets, this study was conducted in an emerging market and the focus was on board effectiveness. Based on the work done by other researchers in developed economies the researcher developed a theoretical framework and a set of hypotheses to examine the relationship between board characteristics and board effectiveness and the impact of certain mediators on this relationship. Board characteristics considered in this research include board size, CEO duality, board independence, and board diversity. In addition, the impact of board human capital on board effectiveness was also considered. Additionally, the researcher examined if the relationships between board characteristics and board effectiveness will be affected by organization type, ownership, age and size. The empirical examination of the hypotheses developed from the theoretical framework presented in this study show that board characteristics, apart from professional human capital, do not have any significant impact on board effectiveness. Board professional human capital was found to have a positive relationship with board operations and board cohesiveness and also with board effectiveness. The results show that in Nigeria, board diversity and human capital are the most important board structural factors that impact board effectiveness. They also show that board processes of operations, cohesiveness and decision making have significant impact on board effectiveness. Finally the results show that board process factors are more important than board structural factors in determining board effectiveness. The study shows that these relationships were not significantly affected by organization type, ownership, age or size. The study contributes to understanding of board effectiveness in an emerging market where board roles and processes are still developing; by examining both traditional variables such as board size, CEO duality, board independence and other organizational attributes such as board job related diversity and board professional human capital variables. In addition, this is the first study to examine board effectiveness in publicly quoted companies in Nigeria. The study will also contribute to better governance practices in Nigeria, where lack of good governance has been blamed for the slow economic development and growth. The theoretical framework and the findings of this thesis are expected to stimulate scholars for further research into identifying the characteristics that boards must possess if they are to be active and effective. They should also stimulate practitioners and scholars of strategy, organizational behaviour and corporate governance to examine boards and their activities from many perspectives, particularly from the process side.
36
Basioudis, Ilias Grigorios. "Accountants on the UK boards of directors and the market for accountancy and audit services." Thesis, University of Warwick, 1999. http://wrap.warwick.ac.uk/3024/.
Full textAbstract:
Several previous studies have provided empirical evidence concerning the pricing of audit services among different accountancy firms. These studies have examined the form of the auditor fee function by generally performing cross-sectional regressions of audit fees on a set of explanatory variables. This study is the first to investigate whether an "alumni effect" prevails the UK audit market and whether any "alumni effect" influences the pricing of audit services. The "alumni effect" has been defined in this study as the association between the auditor of the company where the director/chartered accountant is currently employed and the accounting firm that the director/chartered accountant originally qualified with, as a chartered accountant. The study has constructed an alumni network by matching the current director of the UK public company with the accountancy firm s/he qualified with as chartered accountant. By doing this, the "alumni effect" variable has been created which is a non-price factor conjectured to translate into price effects. The study provides a theoretical analysis and explanation of the "alumni effect" by combining several theories in microeconomics, organisational behaviour and socialisation of accountants. Using chi-square tests it provides evidence that an "alumni effect" does prevail the UK audit market for publicly traded companies. A classical regression model was constructed for the functional relationship between external audit fee and independent variables measuring the "alumni effect" and audit firm size. Other factors such as client size and complexity, client risk to fail, etc. are controlled for in the cross-sectional models. The findings show that the "alumni effect" leads to higher audit fees when a finance director, chairman or/and chief executive is/are alumni of the incumbent auditor in the large companies segment of the audit market. The findings also indicate that when the audit firm size is partitioned into three classes then a price premium is revealed.
37
Hammarling, Niclas, and Robert Gustavsson. "Boards in Family Firms : Board Member Choices and Recruitment." Thesis, Internationella Handelshögskolan, Högskolan i Jönköping, IHH, Företagsekonomi, 2014. http://urn.kb.se/resolve?urn=urn:nbn:se:hj:diva-23886.
Full textAbstract:
The focus of this paper is to explore the recruitment process for board members, and board member choices in family firms in Sweden. It was found that the board member re- cruitment process is a field with low amount of research. This is the main argument upon the construction of this study. Previous research also argue that most family businesses are small, which increase the likelihood of finding firms without an active board, or with low professionalism in the board. Through a case study, four Swedish family firms were interviewed in order to identify the board composition, board governance and board recruitment process at these firms. The firms represent different sizes, sectors, and stages of growth, being a small company with two employees and SEK 1.7m annual revenue, to a large company with 1200 employees and SEK 8bn annual revenue. These companies were then analysed through both the agency theory, and the stewardship theory, using previous research as foundation and sup- port. The findings show that the most desired board member characteristic are knowledge within the sector the firm is operating in, as well as trustworthiness. All of the interviewed com- panies saw their board as more of a function to advise the family, rather than to monitor the managers, and having extensive knowledge from the sector is of relevance when giving advice. The members of these boards were recruited using the networks of the CEO, or us- ing consultancy firms to help finding potential members. Lack of trust was identified as a potential issue in board member recruitment, as the member will gain access to valuable in- formation. This led to the obstacle of letting external members in on the board. This ob- stacle, however, is recommended to be overseen as all CEO’s that were interviewed em- phasized the benefits of recruiting external members to the board, arguing that the benefits of having external members in the board outweighs the potential costs.
38
Shan, Liwei. "Board independence, excess cash and corporate payout policy /." view abstract or download file of text, 2006. http://proquest.umi.com/pqdweb?index=0&did=1196409441&SrchMode=1&sid=1&Fmt=2&VInst=PROD&VType=PQD&RQT=309&VName=PQD&TS=1176828116&clientId=11238.
Full textAbstract:
Thesis (Ph. D.)--University of Oregon, 2006.Typescript. Includes vita and abstract. Includes bibliographical references (leaves 104-109). Also available for download via the World Wide Web; free to University of Oregon users.
39
Smith, Kevin John. "Do board contacts matter? : an analysis of the relationship between boards of directors’ ties and the performance of Australia’s largest companies." Thesis, Queensland University of Technology, 2009. https://eprints.qut.edu.au/32188/1/Kevin_Smith_Thesis.pdf.
Full textAbstract:
Boards of directors are thought to provide access to a wealth of knowledge and resources for the companies they serve, and are considered important to corporate governance. Under the Resource Based View (RBV) of the firm (Wernerfelt, 1984) boards are viewed as a strategic resource available to firms. As a consequence there has been a significant research effort aimed at establishing a link between board attributes and company performance. In this thesis I explore and extend the study of interlocking directorships (Mizruchi, 1996; Scott 1991a) by examining the links between directors’ opportunity networks and firm performance. Specifically, I use resource dependence theory (Pfeffer & Salancik, 1978) and social capital theory (Burt, 1980b; Coleman, 1988) as the basis for a new measure of a board’s opportunity network. I contend that both directors’ formal company ties and their social ties determine a director’s opportunity network through which they are able to access and mobilise resources for their firms. This approach is based on recent studies that suggest the measurement of interlocks at the director level, rather than at the firm level, may be a more reliable indicator of this phenomenon.
This research uses publicly available data drawn from Australia’s top-105 listed companies and their directors in 1999. I employ Social Network Analysis (SNA) (Scott, 1991b) using the UCINET software to analyse the individual director’s formal and social networks. SNA is used to measure a the number of ties a director has to other directors in the top-105 company director network at both one and two degrees of separation, that is, direct ties and indirect (or ‘friend of a friend’) ties. These individual measures of director connectedness are aggregated to produce a board-level network metric for comparison with measures of a firm’s performance using multiple regression analysis. Performance is measured with accounting-based and market-based measures.
Findings indicate that better-connected boards are associated with higher market-based company performance (measured by Tobin’s q). However, weaker and mostly unreliable associations were found for accounting-based performance measure ROA. Furthermore, formal (or corporate) network ties are a stronger predictor of market performance than total network ties (comprising social and corporate ties). Similarly, strong ties (connectedness at degree-1) are better predictors of performance than weak ties (connectedness at degree-2).
My research makes four contributions to the literature on director interlocks. First, it extends a new way of measuring a board’s opportunity network based on the director rather than the company as the unit of interlock. Second, it establishes evidence of a relationship between market-based measures of firm performance and the connectedness of that firm’s board. Third, it establishes that director’s formal corporate ties matter more to market-based firm performance than their social ties. Fourth, it establishes that director’s strong direct ties are more important to market-based performance than weak ties.
The thesis concludes with implications for research and practice, including a more speculative interpretation of these results. In particular, I raise the possibility of reverse causality – that is networked directors seek to join high-performing companies. Thus, the relationship may be a result of symbolic action by companies seeking to increase the legitimacy of their firms rather than a reflection of the social capital available to the companies. This is an important consideration worthy of future investigation.
40
Tran, Ha Thu. "Three essays on the composition of boards of directors and their contribution to effective corporate governance." Thesis, Limoges, 2018. http://www.theses.fr/2018LIMO0044/document.
Full textAbstract:
L’objectif de cette thèse est d’étudier quelle composition du conseil d’administration permet d’assurer l’efficacité de ses fonctions de surveillance et de conseil. Dans le chapitre 1, nous étudions si la présence d’administrateurs qui sont liés à des actionnaires minoritaires peut constituer un mécanisme efficace de gouvernance d'entreprise pour limiter l'expropriation par les actionnaires majoritaires, sans exacerber les risques. L’étude empirique de ce chapitre est réalisée sur un échantillon de banques avec un actionnariat concentré. Les résultats indiquent que la présence d’administrateurs minoritaires permet d’augmenter l'efficacité du conseil d'administration des banques dans la mesure où elle entraîne une valorisation de marché plus élevée, sans augmentation du risque. Le chapitre 2 complète le premier chapitre afin de déterminer les facteurs, tant au niveau de la banque que du pays, qui peuvent favoriser la présence d’administrateurs minoritaires dans les conseils de banque. Les résultats montrent que: (i) l’importance des droits de vote des actionnaires majoritaires, la qualité des recommandations envers le conseil d'administration dans les codes de gouvernance d'entreprise et le niveau de protection des actionnaires sont des facteurs qui favorisent la présence d’administrateurs minoritaires au sein des conseils des banques; (ii) des régimes de surveillance stricts et une forte opacité réduisent la présence d’administrateurs minoritaires dans les conseils d'administration des banques. Nos travaux suggèrent que les autorités bancaires devraient recommander aux banques avec un actionnariat concentré d'inclure un minimum d’administrateurs minoritaires dans leur conseil d'administration. Dans le chapitre 3, nous examinons l'impact de l’imposition d’un quota minimum de membres de chaque sexe sur la performance des entreprises et leurs décisions, en prenant le cas de la Belgique, la France et l'Italie comme expérience naturelle. Notre analyse statistique montre que le pourcentage de femmes augmente de manière significative et que les caractéristiques des membres du conseil d’administration changent considérablement après la mise en place du quota. Les résultats empiriques montrent que les quotas n’ont pas d’impact significatif sur la performance des entreprises et leurs décisions. Nos résultats appuient la mise en place d’un quota afin d’assurer une représentation équilibrée des hommes et des femmes au sein des conseils d’administration des entreprises. Ils montrent cependant que les régulateurs créent des attentes irréalistes quant à la capacité des femmes à améliorer les performances des entreprises, du moins à court terme lorsque les effets négatifs de l’imposition d’un quota sont potentiellement les plus importantsHis thesis aims to provide some answers to the question of what makes a board effective in carrying out its monitoring and advising functions. In Chapter 1, we examine whether board structures that include directors that are related to minority shareholders can be an effective corporate governance mechanism to limit expropriation by controlling shareholders, without exacerbating risk. We focus our empirical analysis of this chapter on banks with a concentrated ownership structure. We find that the inclusion of such minority directors does indeed increase the effectiveness of bank boards, as it results in higher market valuations, without increasing risk. Chapter 2 complements the first chapter to determine the factors, at the bank and at the country level, that could favor the presence of minority directors on bank boards. We find that: (i) the voting rights of controlling shareholders, the quality of recommendations for boards of directors in Corporate Governance Codes and higher shareholder protection are factors that promote the presence of minority directors on bank boards; (ii) the degree of opacity and stronger supervisory regimes reduce the presence of minority directors on bank boards. Our work suggests that bank authorities should recommend banks with concentrated ownership structure to include a minimum of minority directors in their board. In Chapter 3, we investigate the impact of gender quotas on firm performance and corporate decisions using Belgium, France and Italy as a natural experiment. Our statistical analysis shows that the percentage of female directors significantly increases, and board members characteristics significantly change after the implementation of the gender quota. The results of our empirical analysis show evidence that gender quotas do not have a significant impact on both firm outcomes and corporate decisions. Our findings support the decision of policy-makers to use mandatory rules to force firm to achieve gender balance on corporate boards. Our results suggest that policy-makers create unrealistic expectations for women to boost firm performance, at least in the short-run when negative side effects of mandatory rules are potentially strongest
41
Gidlund, Alexander, and Tommy Lund. "The Norwegian Gender Quota Law and its Effects on Corporate Boards." Thesis, Umeå universitet, Företagsekonomi, 2017. http://urn.kb.se/resolve?urn=urn:nbn:se:umu:diva-137476.
Full textAbstract:
This paper has examined which medium-term effects the Norwegian gender quota law has had on corporate boards listed on the Oslo Stock Exchange from 2009 to 2015. Wehave studied the gender quota law’s impact on different corporate board factors, such as board composition, the number of directorships held, basic remuneration, board size, andthe age of directors. Further, we also compared the gender quota law’s effects on these factors with similar studies made in earlier periods. The reason for that is to recognise whether there is a tendency of convergence over time. The study have been conducted using a quantitative approach by gathering information from mostly annual reports. Since, this is a comparative study, we will be using the same methods as previous researchers. These methods are arithmetic averages and standard deviations. We have also included some other methods to strengthen the results, such as geometric average, median, correlations, and significance test. The results of our research show that the number of directorships held by female directors decreased in both absolute numbers as well as in averages and dispersion. Remuneration for female directors increased. However, it diverged with male directors. The average board size did not remain significantly constant over time. We also found that the average age of board directors both increase and converges between the genders. We also believed that the proportion of female directors was depended on the firm’s board size, which the results showed was an incorrect assumption. This paper has applied an overarching theory called contingency theory. Further, other complementary theories within the area of corporate governance have also been used such as stakeholder theory, agency theory, and resource dependency theory. When analysing the results from this paper, there were too many plausible and contrasting theoretical explanations for why the various outcomes occurred. Therefore, we do not believe that the existing theoretical frameworks available are appropriate to explain how the gender quota law will impact corporate boards. The main contribution of this study is the results that show how both female and maledirectors’ average age and directorships held are converging over the observed period. Also, that the gender quota law has enabled female directors to gain more experience, which has led to a higher proportion of female directors.
42
Bradley, Jennifer R. "Building inclusive boards : the perspectives of nonprofit leaders and prospective board members." Scholarly Commons, 2008. https://scholarlycommons.pacific.edu/uop_etds/700.
Full textAbstract:
Although the population of the United States is becoming increasingly diverse, data on the composition of nonprofit boards nationally indicate a persistent pattern of under-representation of minority groups. This exploratory study was conducted in a large metropolitan area with a diverse population. The research investigated board diversity with a small sample of leaders of nonprofit organizations and current or prospective board members from under-represented groups. Data were collected from nonprofit leaders by an anonymous web-based survey and from board members by telephone interview.
The research found that all the nonprofit organizations in the study served client groups that were racially and ethnically diverse. The majority of survey respondents felt that having a diverse board was important, and the lack of board diversity was a source of dissatisfaction. Overall board recruitment was reported to be difficult. The most frequent sources of new board members were referrals from current board members and personal networks. Typically, the nonprofit organizations in this study did not allocate financial resources to build board diversity. Interview participants identified the value of recruitment strategies that would expand the pool of potential board members. Other recommendations included increased attention to the process of board entry for new board members. In conclusion, it appears that building more diverse boards will require sustained efforts, but that the changes necessary to successfully include people from different cultural backgrounds will also strengthen nonprofit organizations.
43
Rispel, Reginald. "International Perspectives on the Proper Role of the Independent Director: Implications for South African Boards of Directors." Thesis, University of the Western Cape, 2008. http://etd.uwc.ac.za/index.php?module=etd&action=viewtitle&id=gen8Srv25Nme4_9484_1264466854.
Full textAbstract:
This literature study aims to identify international best practice concerning the role of the board and more particularly that of the independent director in ensuring good corporate governance. The study is based on sources which include a large contingent of up to date sources on the subject ranging from newspaper articles, journal articles, various corporate governance codes, company reports and reports on governance such as Cadbury and Higgs.
44
Urquhart, James Keith. "The clinical paradigm in organisational analysis : with reference to Beamish and Crawford plc." Thesis, University of St Andrews, 2001. http://hdl.handle.net/10023/10011.
Full textAbstract:
There has been much discussion in the literature in the past decade as boards of directors worldwide have faced increasing stakeholder demands for accountability. The conventional wisdom that stakeholders were passive players, who ceded responsibility for the company to the board, has gone and been replaced by a growing sensitivity to the risk of corporate liability. It is still not widely understood that business enterprise is as much a moral act as an economic one. In the 1980's, boardroom behaviour was perceived as unresponsive, mercenary, formal, guarded, ritualistic and legalistic. However, we know little about the culture of these 'managerial elites' (Pettigrew and McNulty, 1995) but one approach is to adopt a psychoanalytic perspective. Psychoanalytic theory is, inter alia, a method of understanding group processes. Bion (1959) and Bridger (1986) postulated that rationality in groups could be compromised by the activity of 'basic assumptions' or unconscious mechanisms that, in turn, can impact upon the formation of the group as a social institution (Fenichel, 1945). The search for deep, underlying structures has been continuously advocated by Geertz (1973), an anthropologist, and the need to distinguish between 'thin' and 'thick' description; the former relating to what is merely observable and the latter to an interpretive, iterative process that seeks out the basic significance of events. The psychoanalytic model, with its premise of not taking for granted what is directly observable, presents an opportunity to examine the power of unconscious group processes in the construction of boardroom decisions. This research aims to demonstrate that the application of clinical concepts to the analysis of boardroom relationships can produce an enriching effect on more traditional theories of organisational functioning.
45
Scholtz, Louise. "Good corporate governance : can it be ensured through structures only : a critical evaluation of the role of the board and in particular the independent director." Thesis, Stellenbosch : Stellenbosch University, 2004. http://hdl.handle.net/10019.1/49978.
Full textAbstract:
Thesis (MBA)--Stellenbosch University, 2004.ENGLISH ABSTRACT: The main problem area this dissertation studied is whether there the appointment of independent directors to the board, is firstly an adequate way to ensure good corporate governance, and secondly, if it is not the case, what must companies do to amend the situation. As result of various factors, amongst them the spectacular corporate failures worldwide that demonstrated the flaws in the shareholder democratic model, shareholder activism and global competitiveness corporate governance has taken centre stage. Pivotal to good corporate governance is the board of the company, as postulated not only by the majority of corporate governance models, but also by all the corporate governance codes. Furthermore, the perception of shareholders that independent directors are the most effective way to ensure that shareholder interests are protected has also been entrenched in the directives of corporate governance codes, with the inclusion of the South African King Code. As a result of the foregoing the role of independent directors has come under the spotlight, especially their failure to act in some of the instances of governance abuse by management. In this regard strong responses and possible prosecution has now alerted non-executive directors to the fact that there is no difference in liability between them and the executive brothers. Non-executive directors or independent directors have primarily two functions, they must monitor the performance of management and provide strategic input. As a result of the aforesaid corporate collapses non-executive directors are of the opinion that their monitoring role is being emphasis at the cost of their strategic role, which might be to the detriment of the company. Independent directors as the solution to all governance problems are however not flawless. Independence interpreted restricts access to possible suitable candidates. Furthermore, ineffective selection processes curtail the optimal functioning of boards, manipulation of information by management, lack of director training, and the increasing cost attendant to ensure adequate independent representation on the board. There are also "soft issues" that are even mere pervasive and destructive, the boardroom atmosphere that precludes open and honest discussion, the powerful chief executive and the failure of some directors to distinguish between managing and directing. In view of the problems highlighted above, this study project proposes that there has, firstly been an over-emphasis of the role that the independent director can play in ensuring good corporate governance at the cost of other measures that can be implemented. A more optimal situation can be created through a combination of a strong independent presence coupled with ongoing training and evaluation of boards and directors. There are two prerequisites for such training and evaluation to be successful. Firstly, the process must be actively driven by the chairman of the board and, secondly, directors must be made aware of the fact that shareholders have become more demanding and critical of their performance. Unless they are perceived to add value to the company they may find that they are without a job. In today's demanding environment companies and boards that do not actively encourage a learning culture will not survive.
AFRIKAANSE OPSOMMING: Die kern-probleemgebied wat in die verhandeling bestudeer is is tweeledig, eerstens, of die aanstelling van onafhanklike direkteure op die direksie voldoende is om goeie korporatiewe bestuur te verseker, en tweedens, indien dit nie die geval is nie, wat maatskappye te doen staan om die situasie reg te stel. As gevolg van verskeie faklore, onder andere die skouspelagtige korporatiewe mislukkings wereldwyd, wat die gebreke in die aandeelhouer demokratiese model aan die kaak gestel het, aandeelhouer aktivisme en globale mededinging, het korporatiewe bestuur 'n sentrale rol aangeneem. Die kern tot goeie korporatiewe bestuur is die direksie van die maatskappy, soos daargestel deur beide die meerderheid van koperatiewe bestuursmodelle en al die kodes ten opsigte van korporatiewe bestuur. Voorts, word die aanname van aandeelhouers dat onafhanklike direkteure die mees doeltreffendste wyse is om hulle belange te beskerm, verder ingeburger in die voorskrifte van korporatiewe bestuurskodes, wat die Suid-Afrikaanse King Kode 2 insluit. As gevolg van voormelde het die rol van onafhanklike direkteure in die spervuur beland, veral as gevolg van hulle versuim om op te tree in sommige gevalle van korporatiewe vergrepe deur die bestuur van die maatskappy. In die verband, het die sterk reaksie en die sprake van vervolging, 'n waarskuwing aan nie-uitvoerende direkteure gerig dat hulle net so aanspreeklik gehou kan word as hulle uitvoerende broers. Nie-uitvoerende direkteure or onafhanklike direkteure het primer twee funksies, hulle moet die prestasie van die bestuur monitor and hulle moet strategiese insette lewer. As gevolg van gesegde korporatiewe mislukkings is nie-uitvoerende direkteure nou van mening dat hulle moniteringsrol beklemtoon word ten koste van hulle strategiese rol, wat tot die nadeel van die maatskappy mag strek. Onafhanklike direkteure as die oplossing tot alle bestuursprobleme is egter nie volmaak nie. 'n Streng interpretasie van onafhanklikheid beperk die keuse van moontlike geskikte kandidate. Voorts word die optimale funktionering van direksies ingeperk deur ondoeltreffende keuringsprosesse, die manipulering van inligting deur die bestuur, gebrek aan direkteursopleiding and die stygende koste verbonde aan 'n voldoende onafhanklike teenwoordigheid op die direksie. Daar is ook "sagte" aspekte wat selfs meer vernietigend inwerk, naamlik die atmosfeer wat heers in die direksiesaal, die magtige hoof uitvoerende direkteur en die gebrek aan insig by direkteure rakende die verskil tussen die pligte van 'n direkteur en 'n bestuurder. Gegewe die voorafgaande probleme, is die verhandeling van mening dat die rol wat die onafhanklike direkteur kan speel om goeie korporatiewe bestuur te verseker oorbeklemtoon word. Hierdie klem is ten koste van ander maatreels, wat ingestel kan word. 'n Meer optimale klimaat kan geskep word deur 'n kombinasie van 'n sterk onafhanklike teenwoordigheid op die direksie, gekoppel aan deurlopende opleiding en evaluering van direksies en direkteure. Ten einde te verseker dat sodanige opleiding en evaluasie suksesvol is, is daar twee voorvereistes. Eerstens, moet die proses aktief deur die voorsitter bestuur word, en tweedens, moet 'n bewustheid by direkteure gekweek word aangaande die verwagtinge van aandeelhouers, wat meer veeleisend en krities staan teenoor hulle prestasie. Tensy hulle geag word waarde toe te voeg, mag direkteure hulle sonder 'n werk bevind. In vandag se veeleisende omgewing kan maatskappye en direksies, wat nie 'n leerkultuur aanmoedig nie, nie verwag om te oorleef nie.
46
Jagannathan, Murali. "Internal Control Mechanisms and Forced CEO Turnover: An Empirical Investigation." Diss., Virginia Tech, 1996. http://scholar.lib.vt.edu/theses/public/etd-183513359611541.
Full text
47
Taljaard, Cobus. "The association between diversity within boards and company financial performance : a graphical time-series approach." Diss., University of Pretoria, 2013. http://hdl.handle.net/2263/40579.
Full textAbstract:
Directors need to guide and govern companies on behalf of and for the benefit of
shareholders and stakeholders (Adams, Hermalin, & Weisbach, 2010; “Duties of
directors,” 2011), but questions remain in academic literature (Carter, D’Souza,
Simkins, & Simpson, 2010; Jhunjhunwala & Mishra, 2012; Nielsen & Nielsen, 2013)
whether boards with higher levels of diversity amongst directors are better equipped to
fulfil their fiduciary duty than boards with lower levels of diversity.
This research report set out to determine if increased levels of diversity within boards is
associated with improved financial performance of companies. To accomplish that
literature was reviewed to confirm the function of boards, determine dimensions of
diversity that could affect board performance and to identify theoretical frameworks that
could explain why increased diversity might lead to improved board performance.
Share price, dividend payout and directors’ demographic data was collected for a
sample of 40 companies listed on the JSE from 2000 to 2013 and subjected to tests
using Muller and Ward’s (2013) investment style engine in a quasi-experimental design
combining cross-sectional and longitudinal methodologies. Graphical time-series
representations of cumulative portfolio market returns were analysed to determine if
diversity dimensions tested were associated with improved company financial
performance.
The results showed that for the selected sample, racial diversity within boards does not
contribute to improved financial performance. Increased gender diversity and
decreased average board age were shown to have strong associations with improved
company performance.Dissertation (MBA)--University of Pretoria, 2013.
lmgibs2014
Gordon Institute of Business Science (GIBS)
MBA
Unrestricted
48
Tran, Lien. "Understanding financial derivatives usage by directors and its impact on corporate governance policies in Vietnam." Thesis, Tran, Lien (2018) Understanding financial derivatives usage by directors and its impact on corporate governance policies in Vietnam. PhD thesis, Murdoch University, 2018. https://researchrepository.murdoch.edu.au/id/eprint/41513/.
Full textAbstract:
Purpose: Directing and controlling a company to achieve its strategic and tactical goals requires a complex network of relationships with stakeholders which means boards need to have directors with adequate competencies and skills. Do directors of boards have the required level of knowledge and does such knowledge have potential impacts on corporate governance policy? This thesis examines these questions in the context of financial derivatives in the emerging economy of Vietnam to add to the literature on individual directors’ understanding of the use of such controversial instruments.
Methodology: This thesis used a mixed methods approach, with a survey of 119 directors followed by qualitative interviews with 19 directors of public corporations in Vietnam using insights from the theory of planned behaviour combined with the model of board roles and attributes, and stakeholder theory.
Findings: Directors’ knowledge of financial derivatives is relatively low and strongly affected by their education and working experience. In addition, directors’ knowledge is associated with critical factors that impact their intention to use financial derivatives, which is the direct predictor of their future behaviour in deciding to use the instruments. Such an interaction among knowledge, intention and behaviour is a concern to the directors who were experienced in financial issues; directors worry about threats to corporations when directors lack knowledge while having positive attitudes and high levels of intention. Financially experienced directors suggested appropriate corporate risk management policy and director training as two key solutions to these threats. The interviews also uncovered emerging themes about business culture, the government’s role and the market for financial derivatives which have impacted directors’ knowledge and corporate policies.
Research Limitations and Implications: Key limitations include the use of single country and cross-sectional data combined with a relatively small sample size and potential self-reporting bias. The main implications include the need for enhanced collaboration and cooperation among key stakeholders including the government, boards, individual directors and relevant training organisations. The government should lead by setting up a legal and regulatory framework for financial derivatives. Boards should clarify their corporate risk management policy, choose members to ensure the necessary competencies are available and accept continuous training. Individual directors should be aware of and take part in self-learning and training to be suitable for their position. Finally, training organisations should customise their courses for directors to suit directors’ time constraints and their strategic level leadership.
Originality: This thesis was the first to investigate individual board director behaviour in Vietnam and to analyse directors’ understanding of financial derivatives and their related decision making in an emerging economy.
Keywords: Theory of Planned Behaviour, Stakeholder Theory, Board Directors, Financial Derivatives, Corporate Governance, Risk Management, Vietnam, Mixed Methods
49
Hough, Alan. "How nonprofit boards monitor, judge and influence organisational performance." Thesis, Queensland University of Technology, 2009. https://eprints.qut.edu.au/36376/1/Alan_Hough_Thesis.pdf.
Full textAbstract:
The law and popular opinion expect boards of directors will actively monitor their organisations. Further, public opinion is that boards should have a positive impact on organisational performance. However, the processes of board monitoring and judgment are poorly understood, and board influence on organisational performance needs to be better understood. This thesis responds to the repeated calls to open the ‘black box’ linking board practices and organisational performance by investigating the processual behaviours of boards.
The work of four boards1 of micro and small-sized nonprofit organisations were studied for periods of at least one year, using a processual research approach, drawing on observations of board meetings, interviews with directors, and the documents of the boards. The research shows that director turnover, the difficulty recruiting and engaging directors, and the administration of reporting, had strong impacts upon board monitoring, judging and/or influence. In addition, board monitoring of organisational performance was adversely affected by directors’ limited awareness of their legal responsibilities and directors’ limited financial literacy.
Directors on average found all sources of information about their organisation’s work useful.
Board judgments about the financial aspects of organisational performance were regulated by the routines of financial reporting. However, there were no comparable routines facilitating judgments about non-financial performance, and such judgments tended to be limited to specific aspects of performance and were ad hoc, largely in response to new information or the repackaging of existing information in a new form. The thesis argues that Weick’s theory of sensemaking offers insight into the way boards went about the task of understanding organisational performance.
Board influence on organisational performance was demonstrated in the areas of: compliance; instrumental influence through service and through discussion and decision-making; and by symbolic, legitimating and protective means. The degree of instrumental influence achieved by boards depended on director competency, access to networks of influence, and understandings of board roles,
and by the agency demonstrated by directors. The thesis concludes that there is a crowding out effect whereby CEO competence and capability limits board influence. The thesis also suggests that there is a second ‘agency problem’, a problem of director volition.
The research potentially has profound implications for the work of nonprofit boards. Rather than purporting to establish a general theory of board governance, the thesis embraces calls to build situation-specific mini-theories about board behaviour.
50
Trubshaw, Robyn L. "Responsibilities within the governance space: A study of the role of the company secretary on contemporary boards." Thesis, Queensland University of Technology, 2018. https://eprints.qut.edu.au/122924/1/Robyn_Trubshaw_Thesis.pdf.
Full textAbstract:
This thesis investigates the role construction and challenges of company secretaries supporting contemporary Australian boards. Increased regulation of board transparency has expanded the role and the research shows the company secretary accommodates the expansion of responsibilities from administrator to strategic advisor by using informal activities and developed social skills. Dual-role company secretaries, that is those combining the legal counsel or chief finance officer function in non-profit and government owned organizations are acutely aware of setting the boundaries of responsibilities. The use of informal working spaces opens up the possibility for the company secretary to provide further influence as the organization's gatekeeper.