The effectiveness of boards of directors in two-tier board system: Evidence from Vietnamese-listed enterprises

This paper presents several theories to achieve a better understanding of corporate governance structures and their operations in a two-tier-board corporate governance structure. The author also analyses transitional economies using the case of Vietnam. The author investigates the influence of independent directors upon the probability of CEO turnover as well as the sensitivity of the link between performance and turnover. The findings show that non-executive directors are not always independent. At the same time, independent directors have a vital role to play in making decisions concerning CEO dismissal. These directors also reduce the effects of CEO ownership and CEO duality upon the probability of CEO turnover. In summation, the research found that performance and CEO age constitute key factors in CEO turnover, regardless of the corporation or board size

Enterprise Systems and Corporate Governance: Parallel and Interconnected Evolution, 26 J. Marshall J. Computer & Info. L. 359 (2009)

Today\u27s business requirements have moved Enterprise Systems ( ES ) governance into the focus of attention as they are necessary in supporting business processes in many organizations. Corporate Governance ( CG ) and ES constitute two seemingly dissimilar research areas that attract the interest of completely different academics as practitioners. However, at a time when there is an increasing focus on CG practices and the impact of ES on corporate performance, these topics are tightly connected and complimentary. Given the fact that ES can contribute positively in achieving business objectives, it is imperative to discuss the relationship of CG and information technology ( IT ). Moreover, the authors argue that good CG depends on effective management and integrity of information within an organization. This shift is being accelerated and influenced by the passage of the Sarbanes-Oxley Act (SOX) of 2002 in the United States ( U.S. ) and the Organization for Economic Co-Operation and Development ( OECD ) principles in Europe

Does Organisational Demography Affect Board Characteristics? Findings from the Manufacturing sector in Greece

This study examines how organisational demography (organizational age, organisational size and number of years listed in the Athens Stock Exchange, ATHEX), impacts board structure (board size, CEO duality and CEO dependence/independence). Data was collected from the annual reports of 140 manufacturing organisations, quoted in the Athens Stock Exchange in 2002. Research findings revealed a significantly positive relationship of organisational size, organisational age and number of years that a firm is listed in the Stock Exchange with board size. However, the same organisational characteristics do not seem to influence the leadership structure or dependence/independence of the Chairperson to the CEO