Strengthening the Non Executive Directors (NEDs) within a ‘good and an effective’ Corporate Governance mechanism

• Autores: H. Walter Gunetilleke
• Localización: International journal of the computer, the internet and management, ISSN 0858-7027, Vol. 13, Nº. 2 (OCT), 2005 (Ejemplar dedicado a: Suplemento 2: eIndustry 2005. Proceedings of the International Conference on Computer and Industrial Management), págs. 34-34
• Idioma: inglés
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• Resumen

  • Corporate world is experiencing rapid changes in the regulatory environment which affects especially the formation of the board of directors. The Board is increasingly becoming subject to several laws and codes on corporate governance especially in the capital market systems. Among the new developments are the mandatory requirements for the board members to sit in several committees and the screening of their work through several steps from the very beginning of selection of them to the board. The role to be played is very big but there are problems they face in doing them. Some are traditionally discussed such as the information asymmetry and the adaptation to a board and to the business of a company. The mandatory requirements make the board members exposed to some more issues which have not attracted the attention of the regulators and the researchers adequately in the context of studying board dynamics though in general management area they are discussed. This paper discusses them in a nutshell in giving an overview of the concept of corporate governance and various systems and mechanisms of corporate governance. It will identify the importance of the non executive directors in reaching towards a good and an efficient corporate governance mechanism.