Research Summary Board independence is central to corporate governance. Numerous theories espouse the value of monitoring and advice provided by outside board members, governance codes worldwide call for boards with more independent directors separating roles chief executive officer chairman. However, neither original studies nor meta-analyses have found a substantial link between firm performa...

This paper analyses the relationship between board of director (BoD) attributes and financial performance in small medium-sized enterprises (SMEs). Although SMEs are backbone world economies, most studies on this focused large companies did not consider many typical or recommended processes activities carried out by SME BoDs. We monitored a set variables related to BoD such as composition, char...

This study empirically examines the association between certain of director of director characteristics and the extent of voluntary audit committee disclosure in annual reports. This study focuses on board of director characteristics because as the audit committee is a major standing committee of the board, it is likely directors will be directly interested and affected by disclosures related t...

The extant literature suggests that complex firms can benefit from independent non-executive director (INED) quality. To address the issue of INED quality, we look at heterogeneity in directors' (INEDs') attributes and explore whether this is related to risk-taking behaviour large banks. We gather novel, hand-collected, director-level data for approximately 2400 directors (INEDs) 185 global ban...

One of the great unanswered questions in governance research is, Why do directors serve on boards? Drawing on self-determination theory, a theory of total motivation that combines both intrinsic and extrinsic motivations, we find that the prestige associated with being a director, the ability to have influence, and identification with the director role make directors less likely to exit; howeve...