This means that the companies which have unity of command, i.e. the same individual is charged with the responsibility of CEO and chairman of the board, perform financially at a lower level. However, these findings and conclusions are representative of the companies operating in Kuwait only, and keeping in view the prominence of family owned and managed companies in Kuwait, the trend of duality is on the larger side. In other countries, this trend may change or there may be no duality at all, and therefore the projection of these findings and conclusion is invalid for such regions.Board duality is a situation where one individual holds both positions of Chairperson and CEO (Kwok 1998). This is a phenomenon that has been commonly observed in countries with weaker regulatory and accounting frameworks. Various studies have been conducted throughout the world regarding differences in duality within boards of directors and the impact on company performance. Company shareholders have assisted with these studies in order to improve understanding and the relationship between board duality and company performance. Duality in board structure is relevant to corporate governance, and it includes a wide range of disciplines, such as international affairs, economic laws and political science. Duality in the boards of the listed companies in Kuwait and the performance of these companies has become questionable because of the dual function in leadership. There are many reasons behind this research. However, the foremost purpose of conducting the research is that corporate governance is a relatively new subject in Kuwait and few people are aware of its company laws and legislation. Another reason is that the issue of duality is not specified in the legislation of corporate governance (Rechner and Dalton 1991). For example, Kuwaiti company law does not specify whether the CEO of the company can also serve as the chairperson. The dual role of CEO/chairperson creates a problem because it can affect the company’s disclosure. A chairperson who is also acting as the CEO has the liberty and power to conceal from shareholders any information that could damage the standing of the firm. This is a very important issue which has not been addressed before. The aim of this research is to resolve this problem (Al-Sultan and Al-Shammari 2010). A compounding problem is that families run most of the companies in Kuwait. Therefore, it is very difficult to remove dual functioning from these companies, and the dual role of the company’s owner can negatively affect the firm (Omran, Bolbol and Fatheldin 2008). Some studies have shown that a positive relationship exists between duality and its impact on company performance. Corporate governance
Researchers have devoted a lot of attention to CEO duality and firm performance. However, for Kuwaiti companies, this area has yet to be explored. The present study explores the relationship between CEO duality and firm performance in the Kuwaiti context…
The objectives of this research are as follows:
• To study the relationship between the duality of CEOs and the performance of their companies during both the pre-recession and post-recession period.
• To study the positive or negative impacts of duality of board structure on the performance of the firm.
The intended research offers to give quality insight in the aspects influencing executive remuneration. The research explains the importance of building strategic consensus when developing executive remunerations. 1.1Introduction Executive compensation, remuneration, or pay is a financial return received by executive persons of organizations.
Literature Review Organizational Learning Types of Organizational Learning Stages of Organizational Learning Facilitators of Organizational Learning Factors Inhibiting Organizational Learning The Community College Setting 4. Methodology Qualitative Research Theoretical Perspective Research Design Population and Setting Participants Access and Entry Data Collection Data Analysis 5.
The characteristics of self esteem have traditionally between associated with externalizing factors like aggression in different terms. The controversy centring the issue concerning low or high self-esteem influencing aggression have been addressed through several studies undertaken on samples from different sets of population.
Management of a diverse workforce requires an evaluation of the perspectives of both the leadership and the staff. This study is intended to provide valuable insight on human resource strategies and their relevance to employee empowerment in diverse organizational cultures.
According to the paper success of the educational institutions now depends much on the competitive forces. Though this may be a practice in many developed countries, yet, majority of the developing and least developed world still go to government managed schools and colleges. Researchers have been vociferous about the many benefits of education ranging from benefits to the individuals to social benefits.
This is carried out through the one-way analysis of variance (one-way ANOVA). The next portion then uses linear regression to ascertain which demographic variables significantly predict the ratings given made for each statement. These results are then analysed side by side with those yielded from past literature.
However, there is a dearth of research regarding the extent to which the founder is able to embed strategic behaviors into family firm management and culture or the degree to which these behaviors impact the financial performance of these firms (Sorenson, 2000).
In the context of United Kingdom covering the period 2003-2012, Crude Oil and Natural Gas prices volatility along with other factors are studied in order to seek their relationship with their corresponding equity returns of the oil and gas sector. Evidences show insufficient conformances of the real relationship between oil prices and their corresponding equity returns whereas meager evidences exist which proves the presence of a relationship between gas prices returns and oil and gas sector returns.
CEO Pay – a justifiable way of rewarding CEOs? ABSTRACT Compensation benefits granted to the chief executive officers (CEOs) have been of great concern to the shareholders and a regular subject of criticism by the press and media. The concerns and criticisms are not without any reason because such compensation and benefits were not granted to the CEOs in the 1970s.
29 pages (7250 words)Dissertation
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