Enhancing Board Effectiveness

4The Nature of Boards in Developing and Emerging Markets

Chris Ogbechie

1. Introduction

Corporate governance (CG) as an important determinant of a firm’s performance has been an important topic in management theories and practices. It has become more pronounced perhaps, with the corporate scandals at Enron, WorldCom, Barings Bank and other giants, albeit as a theoretical concept, it has been in the mind of scholars and practitioner for nearly half of the century (Zelenyuk & Zheka, 2006). Corporate governance is commonly referred to as the way in which companies are directed and controlled (Organization for Economic Cooperation and Development, OECD, 2015). Companies play a significant role in society by creating wealth, providing employment, ...