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 indep...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
IEECA
2014-03-01
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| Series: | Journal of Eastern European and Central Asian Research |
| Subjects: | |
| Online Access: | https://ieeca.org/journal/index.php/JEECAR/article/view/51 |
| _version_ | 1811250732813254656 |
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| author | Quan Tran Dimitrios N. Koufopoulos Bernadette Warner |
| author_facet | Quan Tran Dimitrios N. Koufopoulos Bernadette Warner |
| author_sort | Quan Tran |
| collection | DOAJ |
| description | 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. |
| first_indexed | 2024-04-12T16:09:02Z |
| format | Article |
| id | doaj.art-7ea24dfa0e6c4d21857de7d76f755ecd |
| institution | Directory Open Access Journal |
| issn | 2328-8272 2328-8280 |
| language | English |
| last_indexed | 2024-04-12T16:09:02Z |
| publishDate | 2014-03-01 |
| publisher | IEECA |
| record_format | Article |
| series | Journal of Eastern European and Central Asian Research |
| spelling | doaj.art-7ea24dfa0e6c4d21857de7d76f755ecd2022-12-22T03:25:58ZengIEECAJournal of Eastern European and Central Asian Research2328-82722328-82802014-03-011110.15549/jeecar.v1i1.5115The effectiveness of boards of directors in two-tier board system: Evidence from Vietnamese-listed enterprisesQuan Tran0Dimitrios N. Koufopoulos1Bernadette Warner2Academy of FinanceBrunel Business School, Brunel University, Grate BrittanDepartment of Management, American University in the EmiratesThis 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.https://ieeca.org/journal/index.php/JEECAR/article/view/51corporate governanceCEO turnoverfirm performanceboard compositionindependent directorsduality |
| spellingShingle | Quan Tran Dimitrios N. Koufopoulos Bernadette Warner The effectiveness of boards of directors in two-tier board system: Evidence from Vietnamese-listed enterprises Journal of Eastern European and Central Asian Research corporate governance CEO turnover firm performance board composition independent directors duality |
| title | The effectiveness of boards of directors in two-tier board system: Evidence from Vietnamese-listed enterprises |
| title_full | The effectiveness of boards of directors in two-tier board system: Evidence from Vietnamese-listed enterprises |
| title_fullStr | The effectiveness of boards of directors in two-tier board system: Evidence from Vietnamese-listed enterprises |
| title_full_unstemmed | The effectiveness of boards of directors in two-tier board system: Evidence from Vietnamese-listed enterprises |
| title_short | The effectiveness of boards of directors in two-tier board system: Evidence from Vietnamese-listed enterprises |
| title_sort | effectiveness of boards of directors in two tier board system evidence from vietnamese listed enterprises |
| topic | corporate governance CEO turnover firm performance board composition independent directors duality |
| url | https://ieeca.org/journal/index.php/JEECAR/article/view/51 |
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