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Role of non-executive directors in implementing non-regulatory codes on corporate governance in SMEs listed in the alternative investment market in the UK: A content analysis

Journal Article


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Abstract


  • This study explores roles of NEDs of SMEs listed in the Alternative Investment Market (AIM) in the London Stock Exchange. It extends the literature on NEDs’ roles relevant to a context where the adherence to the principles of non-regularity corporate governance is not compulsory. We adopted a content analysis approach as a novel method for exploring roles of NEDs using details of 1220 NEDs recorded in 75 annual reports. It revealed that NEDs meet the expectations of several stakeholders simultaneously by playing multiple roles. A conceptual model depicting testable relationship between cognitive tasks and key roles of NEDs is also developed.

Publication Date


  • 2015

Citation


  • Chandrakumara, A. & Walter, G. (2015). Role of non-executive directors in implementing non-regulatory codes on corporate governance in SMEs listed in the alternative investment market in the UK: A content analysis. Corporate Ownership and Control, 13 (1), 220-236.

Scopus Eid


  • 2-s2.0-84941108904

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=1873&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/869

Number Of Pages


  • 16

Start Page


  • 220

End Page


  • 236

Volume


  • 13

Issue


  • 1

Abstract


  • This study explores roles of NEDs of SMEs listed in the Alternative Investment Market (AIM) in the London Stock Exchange. It extends the literature on NEDs’ roles relevant to a context where the adherence to the principles of non-regularity corporate governance is not compulsory. We adopted a content analysis approach as a novel method for exploring roles of NEDs using details of 1220 NEDs recorded in 75 annual reports. It revealed that NEDs meet the expectations of several stakeholders simultaneously by playing multiple roles. A conceptual model depicting testable relationship between cognitive tasks and key roles of NEDs is also developed.

Publication Date


  • 2015

Citation


  • Chandrakumara, A. & Walter, G. (2015). Role of non-executive directors in implementing non-regulatory codes on corporate governance in SMEs listed in the alternative investment market in the UK: A content analysis. Corporate Ownership and Control, 13 (1), 220-236.

Scopus Eid


  • 2-s2.0-84941108904

Ro Full-text Url


  • http://ro.uow.edu.au/cgi/viewcontent.cgi?article=1873&context=buspapers

Ro Metadata Url


  • http://ro.uow.edu.au/buspapers/869

Number Of Pages


  • 16

Start Page


  • 220

End Page


  • 236

Volume


  • 13

Issue


  • 1