A Study of the Factors Affecting the Participation of Independence Directors in Board Decisions
Date Issued
2012
Date
2012
Author(s)
Chen, Yu-Zhu
Abstract
In the past, there haven’t been a lot of papers discussing the function of independent directors. In Taiwan, most of the research related to independent directors has been focusing on the co-relation between the organization of independent directors and corporate performance, many academics has suggested more focus should be put upon the actual behaviors of independent directors in future researches (e.g. Zahra and Pearce, 1989; Forbes and Miliken, 1999；Zona and Zattoni, 2007；Minichilli et al., 2009). The main purpose of this research is to understand the factors that influences the performance of independent directors’ functions on the basis of Withers(2012) supply and demand structure, which investigate the co-relation between the two separate influential factors, background of independent directors and corporate competitive strategies.
The research result shows, the background of independent directors and corporate competitive strategies has significant influences on the degree of performance of independent directors’ functions. Apart from proving the hypothesis, the research found that independent directors with financial backgrounds, can highly perform the function of behavior control and output control in both cognitive behaviors and actual behaviors, and independent directors with professional management backgrounds shows insignificant co-relation with the degree of performance of independent directors in their actual behavior.
Subjects
Corporate Governance
Independent Directors
Task Performance
Professional Background
Competitive Strategy
Type
thesis
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