Board effectiveness of Malaysian small and medium enterprises (SMEs)

Over the past three decades, there has been a considerable number of corporate governance research. Most researchers found that SMEs are marginalised, and without clear guidelines, unscrupulous directors are most likely to breach trust. The primary objective of this study is to develop a new framewo...

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Main Author:	Mohd Adi, Mohd Nazir
Format:	Thesis
Language:	English English English
Published:	2022
Subjects:	HB Economic Theory
Online Access:	http://eprints.uthm.edu.my/8442/1/24p%20MOHD%20NAZIR%20MOHD%20ADI.pdf http://eprints.uthm.edu.my/8442/2/MOHD%20NAZIR%20MOHD%20ADI%20COPYRIGHT%20DECLARATION.pdf http://eprints.uthm.edu.my/8442/3/MOHD%20NAZIR%20MOHD%20ADI%20WATERMARK.pdf
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id	my-uthm-ep.8442
record_format	uketd_dc
spelling	my-uthm-ep.84422023-02-27T00:55:01Z Board effectiveness of Malaysian small and medium enterprises (SMEs) 2022-09 Mohd Adi, Mohd Nazir HB Economic Theory Over the past three decades, there has been a considerable number of corporate governance research. Most researchers found that SMEs are marginalised, and without clear guidelines, unscrupulous directors are most likely to breach trust. The primary objective of this study is to develop a new framework of board effectiveness for Malaysian SME boards. The current study employs a qualitative design to investigate the research objectives through the lens of a phenomenological approach. The information was gathered through eighteen semi-structured interviews. In addition, secondary data from a hundred E50 award recipients were analysed to support the findings. The data was analysed using thematic analysis, which was carried out using NVivo 12 plus. As a result, the key findings of the studies are that for the SME board to function effectively, (1) Directors must have a broad range of knowledge and skills in various areas, including business management, finance, basic legal corporations, firm-specific knowledge, and others. (2) The board should comprise the optimal number of directors. (3). The board’s behaviour debate, teamwork, leadership, commitment, involvement, integrity, employee engagement, openness, and wisdom are essential. (4) Furthermore, the decision of the meeting must consider the opinions of the majority of the attendees. Lastly (5), it is also important to consider the tasks and roles of the board, which include the following: vision and mission; finance; human resource management; management; marketing; production and operation; strategic planning; fiduciary responsibilities; succession planning; and separation of powers. To sum up, Malaysian SMEs require a comprehensive, and integrated corporate governance policy or guidelines that reflect a holistic board effectiveness mechanism. The study also recommends that policymakers carefully consider the specific fundamental roles that directors must play to carry out their responsibilities. 2022-09 Thesis http://eprints.uthm.edu.my/8442/ http://eprints.uthm.edu.my/8442/1/24p%20MOHD%20NAZIR%20MOHD%20ADI.pdf text en public http://eprints.uthm.edu.my/8442/2/MOHD%20NAZIR%20MOHD%20ADI%20COPYRIGHT%20DECLARATION.pdf text en staffonly http://eprints.uthm.edu.my/8442/3/MOHD%20NAZIR%20MOHD%20ADI%20WATERMARK.pdf text en validuser phd doctoral Universiti Tun Hussein Onn Malaysia Fakulti Pengurusan Teknologi dan Perniagaan
institution	Universiti Tun Hussein Onn Malaysia
collection	UTHM Institutional Repository
language	English English English
topic	HB Economic Theory
spellingShingle	HB Economic Theory Mohd Adi, Mohd Nazir Board effectiveness of Malaysian small and medium enterprises (SMEs)
description	Over the past three decades, there has been a considerable number of corporate governance research. Most researchers found that SMEs are marginalised, and without clear guidelines, unscrupulous directors are most likely to breach trust. The primary objective of this study is to develop a new framework of board effectiveness for Malaysian SME boards. The current study employs a qualitative design to investigate the research objectives through the lens of a phenomenological approach. The information was gathered through eighteen semi-structured interviews. In addition, secondary data from a hundred E50 award recipients were analysed to support the findings. The data was analysed using thematic analysis, which was carried out using NVivo 12 plus. As a result, the key findings of the studies are that for the SME board to function effectively, (1) Directors must have a broad range of knowledge and skills in various areas, including business management, finance, basic legal corporations, firm-specific knowledge, and others. (2) The board should comprise the optimal number of directors. (3). The board’s behaviour debate, teamwork, leadership, commitment, involvement, integrity, employee engagement, openness, and wisdom are essential. (4) Furthermore, the decision of the meeting must consider the opinions of the majority of the attendees. Lastly (5), it is also important to consider the tasks and roles of the board, which include the following: vision and mission; finance; human resource management; management; marketing; production and operation; strategic planning; fiduciary responsibilities; succession planning; and separation of powers. To sum up, Malaysian SMEs require a comprehensive, and integrated corporate governance policy or guidelines that reflect a holistic board effectiveness mechanism. The study also recommends that policymakers carefully consider the specific fundamental roles that directors must play to carry out their responsibilities.
format	Thesis
qualification_name	Doctor of Philosophy (PhD.)
qualification_level	Doctorate
author	Mohd Adi, Mohd Nazir
author_facet	Mohd Adi, Mohd Nazir
author_sort	Mohd Adi, Mohd Nazir
title	Board effectiveness of Malaysian small and medium enterprises (SMEs)
title_short	Board effectiveness of Malaysian small and medium enterprises (SMEs)
title_full	Board effectiveness of Malaysian small and medium enterprises (SMEs)
title_fullStr	Board effectiveness of Malaysian small and medium enterprises (SMEs)
title_full_unstemmed	Board effectiveness of Malaysian small and medium enterprises (SMEs)
title_sort	board effectiveness of malaysian small and medium enterprises (smes)
granting_institution	Universiti Tun Hussein Onn Malaysia
granting_department	Fakulti Pengurusan Teknologi dan Perniagaan
publishDate	2022
url	http://eprints.uthm.edu.my/8442/1/24p%20MOHD%20NAZIR%20MOHD%20ADI.pdf http://eprints.uthm.edu.my/8442/2/MOHD%20NAZIR%20MOHD%20ADI%20COPYRIGHT%20DECLARATION.pdf http://eprints.uthm.edu.my/8442/3/MOHD%20NAZIR%20MOHD%20ADI%20WATERMARK.pdf
_version_	1776103346777620480

Board effectiveness of Malaysian small and medium enterprises (SMEs)

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