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The effectiveness of boards of directors in two-tier board system: Evidence from Vietnamese-listed enterprises

Journal of Eastern European and Central Asian Research

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Title The effectiveness of boards of directors in two-tier board system: Evidence from Vietnamese-listed enterprises
Creator Tran, Quan; Academy of Finance
Koufopoulos, Dimitrios N.; Brunel Business School, Brunel University, Grate Brittan
Warner, Bernadette; Department of Management, American University in the Emirates
Subject corporate governance, Asia
corporate governance, CEO turnover, firm performance, board composition, independent directors, duality, SOEs, and CEO ownership
G34, J63
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.
Publisher Institute of Eastern Europe and Central Asia
Date 2014-03-10
Type info:eu-repo/semantics/article
Peer-reviewed Articles
Format application/pdf
Source Journal of Eastern European and Central Asian Research (JEECAR); Vol 1, No 1 (2014): Journal of Eastern European and Central Asian Research; 12
Language eng
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