标题:
Corporate Governance in Family Businesses: The Role of the Non-Executive and Independent Directors
作者:
Alfred Sarbah, Isaac Quaye, Emmanuel Affum-Osei
关键词:
Corporate Governance, Non-Listed Family Business, Non-Executive and Independent Directors, Ghana
期刊名称:
Open Journal of Business and Management,
Vol.4 No.1,
December
29,
2015
摘要: The paper investigates the challenges faced by Non-Executive and Independent Directors in ensuring
that good corporate governance practices are adhered to in non-listed Ghanaian family business
at all times using non-listed family business in the Ashanti Region of Ghana. The findings revealed
that the presence of non-executive and independent directors had no significant effect on the performance
of non-listed family businesses in Ghana since they were dormant in most of the roles expected
to be discharged by them and active in only few responsibilities or roles. It is also discovered
that the boards of non-listed family businesses meet only when there is a problem to solve and not
regularly. The owner-manager-chief executive office-board chairman, makes all decisions and ensures
its implementation. The results draw the attention of policy makers to the position of non-executive
and independent directors in family businesses given the enormous positive contribution they play
to the economic development of the nations and their contributions to the society in general.