Board Composition And Corporate Performance
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| Author | : Maria Aluchna |
| Publisher | : Springer |
| Total Pages | : 304 |
| Release | : 2017-05-10 |
| Genre | : Business & Economics |
| ISBN | : 3319552066 |
This book discusses the tasks and functions of corporate governance in the light of current challenges and the dynamics that arise from a broader approach to company management and the integration of corporate governance with corporate social responsibility (CSR) and sustainability. Addressing the corporate governance shortcomings that are believed to have contributed to the recent financial crisis, it explores the interplay between corporate governance and CSR, and includes examples of company practice to show how such changes affect the practices of shareholders, boards of directors and regulators. In particular, the book examines shareholders’ activities, their different investment strategies, specific reporting expectations and the submission of proposals to the annual meeting. Further, for boards of directors it explores the need to revise their tasks with respect to the criteria for executive appointments, their corporate strategy, performance measures and diversity recommendations, while for directors it provides recommendations to reconsider the structure of executive pay and performance incentives. Lastly, for regulators the book investigates the need to introduce new laws addressing, for instance, the need for integrated reporting, limiting the voice of short term oriented shareholders and providing guidelines for executive compensation.
| Author | : Didier Cossin |
| Publisher | : John Wiley & Sons |
| Total Pages | : 358 |
| Release | : 2020-06-22 |
| Genre | : Business & Economics |
| ISBN | : 1119615658 |
A comprehensive guide to transforming boards and achieving best-practice governance in any organisation. When practising good governance, the board is the vital driver of organizational success, while fostering positive social impact and economic value creation. At all levels, executives around the world are faced with complexities rising from disruptive business models, new technologies, socio-economic changes, shifting political circumstances, and an array of other sources. High Performance Boards is the comprehensive manual for attaining best-in-class governance, offering pragmatic guidance on improving board quality, accountability, and performance. This authoritative volume identifies the four dimensions, or pillars, which are crucial for establishing and maintaining best-practice boards: the people involved, the information architecture, the structures and processes, and the group dynamics and culture of governance. This methodology can be applied to any board in the world, corporate or non-profit organization, regardless of size, sector, industry, or context. Readers are introduced to a fictitious senior board member – an amalgamation of board members from well-known organisations – and follow her as she successfully handles real-life challenges with effective governance. Drawn from the author's 20 years of practice and confidential work with boards across the world, this book: Demonstrates how high-performance boards innovate and refine their practices Discusses examples of board failures and challenges, including case studies from both for-profit and non-profit organisations including international organizations and state-owned agencies or even ministries Provides a proven framework to create best-in-class governance Includes a companion website featuring tools for board assessment and board practice High Performance Boards has inspired more than 3000 board members around the world. This book is essential reading for professionals and managers interested in governance and board members, senior managers, investors, lawyers, and students of governance.
| Author | : Naeem Tabassum |
| Publisher | : Springer Nature |
| Total Pages | : 335 |
| Release | : 2020-06-28 |
| Genre | : Business & Economics |
| ISBN | : 3030485277 |
Establishing a corporate governance strategy that promotes the efficient use of organisational resources is instrumental in the economic growth of a country, as well as the successful management of firms. This book reviews existing literature and identifies board structural features as key variables of an effective corporate governance system, establishing a multi-theoretical model that links Board structural characteristics with firm performance. It then, using a comprehensive empirical study of 265 companies listed on the Karachi Stock exchange, tests this conceptual model. This research serves as a significant milestone, reflecting the socio-economic setting of emerging economies, and highlighting the need for the corporate sector in emerging markets to move away from a 'tick-box' culture. It argues that the sector needs to implement corporate governance as a tool to mitigate business risks; appoint and empower non-executive directors to achieve an effective monitoring of management; and establish their own ethical and governance principles, applicable to the Board of Directors. Based on an extensive data base, collected painstakingly over five years, this book offers new insights and conceptual framework for further research in this area. Given the breadth and width of the research, it is a useful source of future reference for students, researchers and policy makers.
| Author | : Barbara Sveva Magnanelli |
| Publisher | : Springer Nature |
| Total Pages | : 176 |
| Release | : 2020-10-02 |
| Genre | : Business & Economics |
| ISBN | : 3030561208 |
This book explores diversity in boardrooms to highlight the link between the heterogeneous dimensions of board diversity and their impact on the firms. The book provides a brief definition of corporate governance and focuses on the role and functions of the board of directors. The work contributes to the literature enriching the empirical findings about board diversity. After a deep review of the literature within several theoretical frameworks, such as agency, stakeholder, stewardship, resource dependence, and the institutional theory, the focus moves on the impact on financial performance. The board diversity effects are tested through an empirical analysis conducted on a sample of European listed companies, performing both a single and a joint diversity index analysis. Practitioners and academics will find this book particularly timely and useful as it combines both a review of the literature and robust empirical investigation. It will be an excellent reading for academics and practitioners interested in firm performance, corporate governance and stakeholder theory.
| Author | : Apu Manna |
| Publisher | : Emerald Group Publishing |
| Total Pages | : 147 |
| Release | : 2019-08-21 |
| Genre | : Business & Economics |
| ISBN | : 1789738490 |
Governance-Led Corporate Performance explores the corporate governance system for developing economies, and provides a comprehensive analysis of the relationship between ownership structure, board composition, director multiplicity and CEO duality in relation to corporate performance.
| Author | : Cornel Germann |
| Publisher | : |
| Total Pages | : |
| Release | : 2019 |
| Genre | : |
| ISBN | : |
This thesis focuses on the relationship between corporate governance (CG) and corporate performance. More specifically, board size, family ownership and leadership structure (CEO duality) is analysed and their effect through various performance indicators measured. In order to check the results empirically, a Swiss sample of 698 SMEs is included and via multivariate regression its corresponding effect examined. In the first part, a general introduction about the economic importance, dynamics and SME peculiarities in comparison to large firms is highlighted. Understanding their mechanisms help, afterwards, to develop and derive the hypotheses tested. Therefore, based on board governance and performance research, an extensive literature analysis was conducted and with the corresponding advantages and disadvantages dealt. Based on that, the empirical and second part could be tackled. After a detailed introduction of the methodology, the sample and the variables used, the regression divided in a single and subsampling testing procedure was performed. Findings with regard to the underlying sample are alternating and lack of statistical proof. Variable coefficients are not in a position to provide patterns that support the effectiveness of the results. Nevertheless, the corresponding sample reveals that specific firm size and industry dynamics exist that calls for wider and more detailed research in this area.
| Author | : Gerard Caprio |
| Publisher | : World Bank Publications |
| Total Pages | : 49 |
| Release | : 2003 |
| Genre | : Bancos |
| ISBN | : |
"Which public policies and ownership structures enhance the governance of banks? This paper constructs a new database on the ownership of banks internationally and then assesses the ramifications of ownership, shareholder protection laws, and supervisory/regulatory policies on bank valuations. Except in a few countries with very strong shareholder protection laws, banks are not widely held, but rather families or the State tend to control banks. We find that (i) larger cash flow rights by the controlling owner boosts valuations, (ii) stronger shareholder protection laws increase valuations, and (iii) greater cash flow rights mitigate the adverse effects of weak shareholder protection laws on bank valuations. These results are consistent with the views that expropriation of minority shareholders is important internationally, that laws can restrain this expropriation, and concentrated cash flow rights represent an important mechanism for governing banks. Finally, the evidence does not support the view that empowering official supervisory and regulatory agencies will increase the market valuation of banks"--NBER website
| Author | : Sydney Finkelstein |
| Publisher | : Cengage Learning |
| Total Pages | : 484 |
| Release | : 1996 |
| Genre | : Business & Economics |
| ISBN | : |
A thorough, in-depth treatment of strategic leadership that highlights knowledge creation and practical insight. The authors have been at the forefront of research and writing in this field; this book represents a compilation and creative extension of their own and others research on top executives. This brief one-color text is appropriate for MBA strategy courses or as a supplement to various upper-division managerial texts. Strategic Leadership is part of the Wests Strategic Management Series edited by Michael A. Hitt, R. Duane Ireland, and Robert E. Hoskisson, authors of Strategic Management: Competitiveness and Globalization, 2nd.
| Author | : Oliver P. Roche |
| Publisher | : |
| Total Pages | : 357 |
| Release | : 2014-05-14 |
| Genre | : BUSINESS & ECONOMICS |
| ISBN | : 9781624992117 |
Over the past 30 years, much has been written about the direct relationship between board composition and firm performance. However, the final results of the quest for empirical proof to measure the impact of this relationship are inconclusive. This is partly due to differences in operationalizing board composition and also partly due to the fact that various definitions of the term performance are used, including financial performance, firm performance, and market performance. More fundamentally, however, it is because a firm's performance, no matter how narrowly this word is defined, is the end result of a large number of factors, of which board composition is only one. More meaningful, therefore, is the study of the various ways to improve board performance. Effective boards are those in which the strengths and expertise of the members match the needs of the organization at any given time. Therefore, in today's fast-changing environment, the present research suggests a need for a proactive management of the board composition in anticipation of major external/internal organizational changes as well as during the various phases of a firm's life cycle. The theoretical review of the extant research on board role and composition that is covered in this book is comprehensive not only in terms of the use of major theories relevant to corporate governance but also in terms of the analysis of business scenarios that could affect the role and composition of the board throughout an organization's life cycle. This research, which was undertaken over many years, delivers valuable insights on directors' motivations to join a board and on the meaning of two key directors' selection criteria (i.e., required board experience and independence). When the pool of candidates is limited, more competence and more independence become contradictory objectives, and this dilemma has not been adequately addressed by policy makers. The board of directors represents a core component of the corporate governance system in the western economies. Anyone interested in corporate governance and research in this field would benefit from the theoretical framework developed in this book. Qualitative researchers would also be interested in the methodology used during the fieldwork. Senior executives and board members represent a notoriously challenging population to observe and interview.
| Author | : Chia-Ling Ho |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2012 |
| Genre | : |
| ISBN | : |
This study examines the impact of board composition and risk management on corporate performance in the Taiwanese life insurance industry. In terms of board composition variables, the CEO/chairperson duality is associated with lower corporate performance. Insurers with higher percentages of independent directors on their boards tend to have better corporate performance. However, the higher percentage of supervisors on the board is associated with lower corporate performance. Evidence shows that the corporate performance of insurers with risk management does not change compared with that of insurers without risk management, when controlling for board composition characteristics. An examination of the impact of government regulations on corporate performance indicates that insurers do not show significant changes when controlling for board composition and risk management variables. Overall results also show that board composition variables affect corporate performance. Finally, this study concludes that an insurer can control its corporate performance through corporate governance mechanism.
