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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.

Table of Contents

Frontmatter

Chapter 1. Corporate Governance

Abstract
This objective of this chapter is to introduce the concept of Corporate Governance and define the concept in its narrow and broader outlook. The chapter also explain the importance of CG and the rationale behind this work.
Naeem Tabassum, Satwinder Singh

Chapter 2. Theories, Models and Mechanisms

Abstract
This chapter outlines the development of Corporate Governance discipline and provides a review of the central theories concerned with the Corporate Governance. The chapter compares and contrasts a number of theoretical frameworks and mechanisms, both internal and external, that are adopted in this study in an effort to understand the relationship between the structure of corporate Boards and their links with firm performance.
Naeem Tabassum, Satwinder Singh

Chapter 3. Predictions of Corporate Governance Models

Abstract
The objective of this chapter is to examine the role of the Board of Directors in Corporate Governance and their relationship with firm performance. Empirical findings of key studies on the effectiveness of Boards, as internal Corporate Governance mechanism, with performance, are discussed. The chapter also explains the use and overall importance of multi-theory framework in seeking to garner better understanding of the relationship of the Board Structure with the Firm Performance.
Naeem Tabassum, Satwinder Singh

Chapter 4. Research Design and Statistical Method

Abstract
The objective of this chapter is to present the research design and statistical approach applied in this work. We explain the research philosophy used and justify the research approach.
Naeem Tabassum, Satwinder Singh

Chapter 5. Empirical Results and Discussion

Abstract
In this chapter, we present the descriptive and inferential statistical analyses of the data used to achieve the objectives of this research on the link between Board structure and the performance of listed companies in the country of Pakistan.
Naeem Tabassum, Satwinder Singh

Chapter 6. Summary and Implications of the Study

Abstract
This chapter summarises the role and importance of the Board of Directors with the performance of firms. The chapter also highlights the importance of the Board as one of the most important internal governance mechanisms.
Naeem Tabassum, Satwinder Singh

Backmatter

Additional information

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