What is the contribution of non-executive board members in a board of directors?

By

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION1

1.1 Introduction1

1.2 Problem Statement3

1.3 Research Objectives8

1.4 Significant of Research10

1.5 Research Design11

1.5.1 Phenomenological Study12

1.5.2 Theoretical Framework14

1.5.3 Questionnaire Design15

1.5.4 Primary Sources16

1.5.5 Reliability of Research17

1.5.6 Research Ethics18

1.5.7 Validity of the Study19

1.5.8 Limitations of Research20

CHAPTER TWO: LITERATURE REVIEW22

2.1 Corporate Governance22

2.2Composition of Board Directors24

2.3Functions of Board Directors26

2.4 Executive Board Members32

2.5 The Role of Non-Executive Board Members32

2.6 Recruitment and Selection Non-Executive Directors37

2.7 Training and Development of Non-Executive Directors40

2.8 Effectiveness of Non-Executive Directors in the Board of Directors41

2.9 Contributions of Non-Executive Directors42

CHAPTER THREE: RESEARCH METHODOLOGY44

3.1. Research Methodology44

3.2. Qualitative Research Method45

3.3. Population and Sampling47

3.4. Data Collection48

3.5. Research Instrument49

3.5.1. Roles and Responsibilities49

3.5.2. Structures and Procedures50

3.5.3. Appropriate Board Behaviors50

3.6 Discussions of Research Questions50

3.6.1 SECTION 1: PERSONNEL PROFILE50

3.6.2 SECTION 2: BOARD EFFECTIVENESS50

3.6.2.1 Theme: Roles and responsibilities51

3.6.2.2 Theme: Structures and procedures51

3.6.2.3 Theme: Appropriate board behaviours51

CHAPTER FOUR: DATA ANALYSIS53

CHAPTER FIVE: CONCLUSION55

REFERENCES56

CHAPTER ONE: INTRODUCTION

This chapter outlines the central argument and demarcates the focus, scope and content of the study as well as the methodological approaches. The chapter discusses introduction of the topic, clearly outlines the problem statement, presents research objectives, and sheds lights on significance of the research and the research design. The research design describes the aspects of phenomenological study, theoretical framework, questionnaires design, primary sources, the reliability of the research, research ethics, and validity of the study and limitations of research.

1.1 Introduction

Board of directors in a business is driving force for the business to thrive. However, the attention that is given to their work is a subject of debate among scholars, academics, professionals and stakeholders conversant with the world of business (Mura, 2007; Higgs, 2003). The purpose of this research is to explore the extent and effectiveness of non-executive board members in board of director. The study will investigate the experience of non-executive directors with special reference to private companies. This would cater and explore areas where non-executive are lacking, the policies in place regarding non-executive directors and the selection criteria of non-executive board members in the board of directors. The study will take the form of phenomenological approach where participants will be interviewed and their responses will be interpreted and compared with the theory related o the topic of contribution of non-executive directors in board of directors.

The research technique that is the part of this study is interviews. The interview is a research technique that aims at collecting data and information. Interview consists of a report (as a mix between action and communication) between at least two participants who play different roles and are regarded as interviewer and the interviewee. In a simple way, it can be said that, the interview is an act of oral communication that is established between two or more persons in order to obtain information or an opinion, or to know someone's personality and idea.

The type of interview that would be performed for this study is an in-depth interview. Usually, this technique is used during interviews with participants who have lived a personal experience that improve the knowledge on aspects ...