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Corporate Governance and Organisational Performance

The Impact of Board Structure

Authors: Tabassum, Naeem, Singh, Satwinder

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  • Based on a vast data set, carefully collected over five years from a balanced panel of 265 companies; a research project which won the 'Brunel University VC award’ for best thesis of the academic year 2017-2018
  • Provides a global literature survey for research on corporate governance, board structure and firm performance; a truly international base for the work
  • Discusses implications for business practice and policy
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About this book

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. 

About the authors

Dr Naeem Tabassum has over 20-year experience in financial management across multiple sectors, with over 13 years specifically in the bridging finance sector. As a qualified financial professional, Naeem holds MBA and PhD degrees in Corporate Finance and is a member of ICAEW and ACCA.

Having worked as Financial Controller for some of the industry’s biggest names including Lendinvest and Pivot Finance, Naeem now leads the growing finance team of Glenhawk Financial Services and is responsible for the company’s financial strategy.

He is also responsible for the financial risk structure of the company to ensure that robust systems and internal financial controls are in place to protect the interests of private and institutional investors.

Dr Satwinder Singh holds Master’s (merit) and PhD degree in Economics and has extensive experience in the field of teaching, research, doctoral supervision, training, and consulting.                               

His published work has appeared in 3* and 4* rated journals including International Journal of Industrial Organisation (IJIO), R&D Management, International Journal of HRM, British Journal of Management. Papers published in IJIO and the African Journal of Economics and Management Studies, have respectively, won ‘Emerald Literati Network 2012 Outstanding Paper Award’ and ‘ANBAR Citation of Excellence Award’. One of his doctoral students was awarded Brunel University Vice Chancellor award for best PhD thesis in 2012.

Owing to his expertise in international business, he has for a long time consulted for World Investment Reports published by the United Nations Conference on Trade and Development (UNCTAD) and has also worked full time with UNCTAD for an year in 2003-4. In addition, he has consulted for private agencies including Hillingdon chamber of commerce in the UK.

Dr Singh has conducted training programs for MEFMI (Macroeconomic & Financial Management Institute of Eastern and Southern Africa), UNCTAD, and COMESA (Common Market for Eastern and Southern Africa) to help build the capacity to interface with international companies.

 

Reviews

“In today’s complex and fast-moving business world, corporate governance practices are crucial for navigating change and managing new risks. Research continue to show the positive impact that governance mechanisms can have on business competitiveness. This thought-provoking book offers valuable insights on the link between governance and organizational performance, while it highlights best practices that can easily be implemented by Boards.”

— H.E. Hamad Buamim, President & CEO, Dubai Chamber of Commerce & Industry, Dubai, United Arab Emirates

“This methodologically sophisticated and controversial study disputes the correlation between good corporate governance and financial performance in a pioneering study of Pakistan. Tick-box compliance cultures turn out to have little value compared to long-term strategies to create value.”

— Geoffrey Jones, Isidor Straus Professor, Harvard Business School, Boston, USA

“Corporate Governance and Organizational Performance - The impact of Board Structure is a timely piece of research conducted with an extensive and in-depth analysis of data base of listed companies in Pakistan. The research is also of critical contemporary relevance to fellow emerging economies around the world that share similar political, economic, social, technological, and legal setups with Pakistan. Several of these economies are vying to be a major player in their respective regions. Lesson this research imparts is that companies that diligently apply the principles of corporate governance in all fairness and transparency have the potential to outperform rivals. The study highlights how a Board is structured and conducts, influences the market value of companies. This in turn inspires investors’ lending and investing decisions. Policy recommendations of the study are that a corporate sector comprising of companies that implement the code of conduct of good governance, both, in letter and spirit could be the future of Pakistan vis-à-vis emerging economies.”

— Rizwan Sayed, Tax Director – PWC London, former Sr. VP Faisal Islamic Bank, Bahrain

“We know that good corporate governance is fundamental to organizational success, yet why is this the case? Moreover, articulating what makes the difference and why is less clear, until now. This book seeks to distil the wealth of wise commentary about why good corporate governance matters into a tangible evidence base. I will be using some of the ideas from this book in my own work as a Board evaluator, independent NED (non-executive director), and keen observer of all things corporate governance.”

— Lucy McClements, Independent NED, Consultant, and former UK regulator, London, United Kingdom

Table of contents (6 chapters)

Table of contents (6 chapters)

Buy this book

eBook $89.00
price for USA in USD
  • ISBN 978-3-030-48527-6
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $119.99
price for USA in USD
  • ISBN 978-3-030-48526-9
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Corporate Governance and Organisational Performance
Book Subtitle
The Impact of Board Structure
Authors
Copyright
2020
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
eBook ISBN
978-3-030-48527-6
DOI
10.1007/978-3-030-48527-6
Hardcover ISBN
978-3-030-48526-9
Edition Number
1
Number of Pages
XXVI, 317
Number of Illustrations
15 b/w illustrations
Topics

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