Capping the tenure of CEOs as a Good Corporate Governance Strategy: Prospects and Challenges
The concept of good corporate governance has gaining traction over the last three decades in the private and public sectors as a response to serious financial scandals and maladministration practices in organisations around the globe. Antidotes provided in previous studies on these corporate failure...
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| Format: | Article |
| Language: | English |
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Pusat Penelitian Ilmu Sosial dan Humaniora Kontemporer
2021-04-01
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| Series: | Journal of Contemporary Governance and Public Policy |
| Subjects: | |
| Online Access: | https://journal.ppishk.org/index.php/jcgpp/article/view/29 |
| _version_ | 1797310762755031040 |
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| author | Paradzai Munyede |
| author_facet | Paradzai Munyede |
| author_sort | Paradzai Munyede |
| collection | DOAJ |
| description | The concept of good corporate governance has gaining traction over the last three decades in the private and public sectors as a response to serious financial scandals and maladministration practices in organisations around the globe. Antidotes provided in previous studies on these corporate failures attributed this to poor board compositions and inadequate separation of power. Whilst this was part of the problem, little effort was put to understand how Chief Executive Officers (CEOs) term limits could also contribute to good governance practice which would make organisations avoid scandals. Therefore, the purpose of this paper is to explore how capping CEOs tenure could enhance good corporate governance in the public and private sectors. This paper is based on a qualitative approach and used content analysis to review data from published records like journal articles. This article posited that capped term limit in both the public and private sectors is ideal as it enhances good corporate governance practice which in turn will make institutions effective and responsive to changes in their operating environment. |
| first_indexed | 2024-03-08T01:47:44Z |
| format | Article |
| id | doaj.art-0c8e5127c304448a9be7b6a22fd9a80e |
| institution | Directory Open Access Journal |
| issn | 2722-3981 2722-3973 |
| language | English |
| last_indexed | 2024-03-08T01:47:44Z |
| publishDate | 2021-04-01 |
| publisher | Pusat Penelitian Ilmu Sosial dan Humaniora Kontemporer |
| record_format | Article |
| series | Journal of Contemporary Governance and Public Policy |
| spelling | doaj.art-0c8e5127c304448a9be7b6a22fd9a80e2024-02-14T12:41:30ZengPusat Penelitian Ilmu Sosial dan Humaniora KontemporerJournal of Contemporary Governance and Public Policy2722-39812722-39732021-04-0121677810.46507/jcgpp.v2i1.2916Capping the tenure of CEOs as a Good Corporate Governance Strategy: Prospects and ChallengesParadzai Munyede0Institute of Peace, Leadership and Governance, College of Business, Peace, Leadership and Governance, Africa UniversityThe concept of good corporate governance has gaining traction over the last three decades in the private and public sectors as a response to serious financial scandals and maladministration practices in organisations around the globe. Antidotes provided in previous studies on these corporate failures attributed this to poor board compositions and inadequate separation of power. Whilst this was part of the problem, little effort was put to understand how Chief Executive Officers (CEOs) term limits could also contribute to good governance practice which would make organisations avoid scandals. Therefore, the purpose of this paper is to explore how capping CEOs tenure could enhance good corporate governance in the public and private sectors. This paper is based on a qualitative approach and used content analysis to review data from published records like journal articles. This article posited that capped term limit in both the public and private sectors is ideal as it enhances good corporate governance practice which in turn will make institutions effective and responsive to changes in their operating environment.https://journal.ppishk.org/index.php/jcgpp/article/view/29good corporate governanceceos tenurecorporate governance instrumentschief executive officer |
| spellingShingle | Paradzai Munyede Capping the tenure of CEOs as a Good Corporate Governance Strategy: Prospects and Challenges Journal of Contemporary Governance and Public Policy good corporate governance ceos tenure corporate governance instruments chief executive officer |
| title | Capping the tenure of CEOs as a Good Corporate Governance Strategy: Prospects and Challenges |
| title_full | Capping the tenure of CEOs as a Good Corporate Governance Strategy: Prospects and Challenges |
| title_fullStr | Capping the tenure of CEOs as a Good Corporate Governance Strategy: Prospects and Challenges |
| title_full_unstemmed | Capping the tenure of CEOs as a Good Corporate Governance Strategy: Prospects and Challenges |
| title_short | Capping the tenure of CEOs as a Good Corporate Governance Strategy: Prospects and Challenges |
| title_sort | capping the tenure of ceos as a good corporate governance strategy prospects and challenges |
| topic | good corporate governance ceos tenure corporate governance instruments chief executive officer |
| url | https://journal.ppishk.org/index.php/jcgpp/article/view/29 |
| work_keys_str_mv | AT paradzaimunyede cappingthetenureofceosasagoodcorporategovernancestrategyprospectsandchallenges |