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The independent director and effective corporate governance
As a response to the rash of scandals in particularly USA and Europe in recent times, corporate governance has elicited a lot of interest worldwide. Today there is growing dialogue among the different stakeholders about corporate governance and how it should evolve to cope with the increasingly dyna...
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| Format: | Thesis |
| Language: | English |
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Department of Commercial Law
2014
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| _version_ | 1867613245677764608 |
|---|---|
| access_status_str | Open Access |
| author | Iwe, Chizaboda |
| author_browse | Iwe, Chizaboda |
| author_facet | Iwe, Chizaboda |
| author_sort | Iwe, Chizaboda |
| collection | Thesis |
| description | As a response to the rash of scandals in particularly USA and Europe in recent times, corporate governance has elicited a lot of interest worldwide. Today there is growing dialogue among the different stakeholders about corporate governance and how it should evolve to cope with the increasingly dynamic and global nature of our capital markets. Worldwide, corporate reforms and other initiatives are being taken as remedies to rebuild trust in corporate governance. Corporate reforms have led to the introduction in many countries of various codes or guidelines for best practices in corporate governance. Until now, probably the most important basic ingredient of these reform initiatives has been the emergence of the 'independent director'. The introduction of this concept of independent director is at the heart and soul of corporate governance. Although the relevance or otherwise of this class of director to corporate success has been the subject of robust discourse, it is generally accepted that a 'lack of monitoring by independent, disinterested non-executive directors has been a major cause for the various corporate scandals that we have witnessed'. The first section of this study attempts a comparative analysis of various definitions (taken from corporate governance codes of various countries) of the independent director, taking a look at his role within the corporate structure. The second part examines the rationale for including the viii viii independent director on the board, his effectiveness, and his relevance in relation to corporate performance. |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/4635 |
| institution | University of Cape Town (South Africa) |
| language | English |
| last_indexed | 2026-06-10T12:33:05.164Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | Department of Commercial Law |
| publisherStr | Department of Commercial Law |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/4635 The independent director and effective corporate governance Iwe, Chizaboda As a response to the rash of scandals in particularly USA and Europe in recent times, corporate governance has elicited a lot of interest worldwide. Today there is growing dialogue among the different stakeholders about corporate governance and how it should evolve to cope with the increasingly dynamic and global nature of our capital markets. Worldwide, corporate reforms and other initiatives are being taken as remedies to rebuild trust in corporate governance. Corporate reforms have led to the introduction in many countries of various codes or guidelines for best practices in corporate governance. Until now, probably the most important basic ingredient of these reform initiatives has been the emergence of the 'independent director'. The introduction of this concept of independent director is at the heart and soul of corporate governance. Although the relevance or otherwise of this class of director to corporate success has been the subject of robust discourse, it is generally accepted that a 'lack of monitoring by independent, disinterested non-executive directors has been a major cause for the various corporate scandals that we have witnessed'. The first section of this study attempts a comparative analysis of various definitions (taken from corporate governance codes of various countries) of the independent director, taking a look at his role within the corporate structure. The second part examines the rationale for including the viii viii independent director on the board, his effectiveness, and his relevance in relation to corporate performance. 2014-07-30T18:14:40Z 2014-07-30T18:14:40Z 2014-07-30 Master Thesis Masters LLM http://hdl.handle.net/11427/4635 en application/pdf Department of Commercial Law Faculty of Law University of Cape Town |
| spellingShingle | Iwe, Chizaboda The independent director and effective corporate governance |
| thesis_degree_str | Master's |
| title | The independent director and effective corporate governance |
| title_full | The independent director and effective corporate governance |
| title_fullStr | The independent director and effective corporate governance |
| title_full_unstemmed | The independent director and effective corporate governance |
| title_short | The independent director and effective corporate governance |
| title_sort | independent director and effective corporate governance |
| url | http://hdl.handle.net/11427/4635 |
| work_keys_str_mv | AT iwechizaboda theindependentdirectorandeffectivecorporategovernance AT iwechizaboda independentdirectorandeffectivecorporategovernance |