The main objective of the discourse was to investigate board of director’s effectiveness in commercial public enterprises in Namibia. Various corporate scandal and collapse in many countries has been attributed to board of directors’ ineffectiveness. The study used qualitative method as a research strategy. The research used primary data collected through a qualitative, exploratory, and descriptive approach, by conducting a series of detailed semi-structured interviews with participants from two purposive selected commercial public enterprises made up of board of directors, managing director and company secretaries. The data was analysed using thematic context analysis.
The voice records were transcribed from the interview scripts to the diverse codes. The transcription of the intuitive editor enhanced quick changes in formatted format. Coding was data driven. Namely, the researcher commenced out without codes and crafted them through the reading of the discourse. The study focused on skills, diversity, experience, corporate governance, compliance requirements and accountability to shareholder and stakeholder. This was complemented by a comprehensive review of relevant literature. The key findings indicates that board of directors’ effectiveness and factors that influence board of directors’ effectives exist within the board of selected commercial public enterprise.
Participants point out the following factors that contribute to board being effective: Board of director’s cohesion and sufficient time allocated to board issues. Diverse technical skills, good relation, support and cooperation from shareholder plus sufficient funding good governance and Operational effectiveness of management. It is recommended that Board of directors to limit serving in many boards and allocated sufficient time to board packs to be able to lead public enterprises effectively and efficiently. The survey recommends the digitisation strategy and algorithmic business thinking by directors of the two enterprises. Innovative thinking to promote sustainability such as the use of solar power and deployment of nuclear energy.
Inhaltsverzeichnis (Table of Contents)
- Chapter One: Introduction
- 1.1 Introduction
- 1.2 Background of the study
- 1.3 Board of Directors Effectiveness on Public Enterprises
- 1.4 Conundrum
- 1.5 Objectives of the study
- 1.6 Significance of the study
- 1.7 Limitation of the study
- 1.8 Delimitation of the study
- 1.9 Delineation of key concepts
- 1.10 Conclusion
- Chapter 2: Literature Review
- 2.1 Introduction
- 2.2 Board of Directors Model
- 2.2.1 Theories of Corporate governance
- 2.2.2 The Agency Theory
- 2.2.3 Managerial Hegemony Theory
- 2.2.4 The Stakeholder Theory
- 2.2.5 The Stewardship theory
- 2.2.6 The Resource-Dependency Theory
- 2.2.7 Institutional Theory
- 2.2.8 Theoretical Framework
- 2.3.2 Board of Directors
- 2.3.3 The Role and Powers of Board of Directors
- 2.3.4 The power of the board and its impact on board effectiveness
- 2.3.5 Effective Boards
- 2.3.6 Impact of Covid
- 2.3.6.1 Loss of jobs
- 2.3.6.2 Restaurant industry
- 2.3.6.3 Hospitality Industry
- 2.4 Firm Performance
- 2.4.1.1 Failure to sustain competitive advantage
- 2.4.1.2 Failure to Align ICT with objectives
- 2.4.1.3 Management Challenges of Security and Control
- 2.4.1.4 Lack of Digital Preservation and renewable energy expansion projects into rural areas
- 2.4.1.5 Lack of User Training
- 2.4.1.6 Lack of Systems Features and Inadequate supply of electricity
- 2.4.1.7 Lack of NOREED initiatives to Support Grid Integration of Renewable Energy
- 2.4.1.8 Lack of standby Generators in case of shortage of electricity
- 2.4.1.9 Challenges with Rural Electrification
- 2.5 Sustainable Development Information Systems Projects
- 2.5.1 Establishment of renewable energy such as Gigantic Solar Plant and Ocean Energy which provides energy to other parts of the World
- 2.5.2 Gigantic supply of Electricity from Nuclear Energy
- 2.6 Research Gap
- 2.7 Conclusion
- Chapter 3: Research Methods
- 3.1 Introduction
- 3.2 Research design
- 3.2.1 A case study design
- 3.2.2 Motivation for a case study
- 3.3 Research Onion
- 3.2.1 Saunders Philosophical arena
- 3.2.2 Feebleness and Robustness of Positivism
- 3.2.3 Feebleness and Robustness of Constructivism
- 3.2.4 Researcher Choice of Pragmatism Philosophical Argument applied in this survey
- 3.2.5 Feebleness and Robustness of Pragmatisms
- 3.2.6 in deductive Approach and Deductive Approaches
- 3.4 Sampling strategy
- 3.4.1 Population
- 3.4.2 Sample
- 3.4.3 Sampling techniques
- 3.4.3.1 Simple random or just random sampling technique
- 3.4.3.2 Systematic sampling
- 3.4.3.3 Stratified sampling
- 3.4.3.4 Cluster sampling
- 3.5 non-probability sampling techniques
- 3.5.1 Convenience/Haphazard sampling
- 3.5.2 Quota sampling
- 3.5.3 Snowball/Volunteer sampling
- 3.5.4 Purposive/Judgement sampling
- 3.6 Research Instruments
- 3.7 Procedure
- 3.8 Data Analysis
- 3.9 Validity and Reliability
- 3.10 Research Ethics
- 3.11 Conclusion
- Chapter 4: Data Analysis
- 4.1 Introduction
- 4.2 Presentation of findings
- 4.2.1 Demographic information
- 4.2.2 To investigate Board of Directors Effectiveness in Commercial Public Enterprise in Namibia
- 4.2.2.1 Board membership and board committees
- 4.2.2.2 How many meetings per year does the board of directors' hold, including committees?
- 4.2.2.3 Board of directors' composition and diversity
- 4.2.2.4 Corporate Governance requirements
- 4.2.2.5 An effective board consists of a well-balanced team
- 4.2.2.6 Mainboard and board committees' effectiveness
- 4.2.2.7 Board meeting, minutes, and agenda
- 4.2.2.8 In your opinion is their collaboration, trust, and effective teamwork within the board? (Is there conflict, disagreement among the boards?)
- 4.2.2.9 How do board monitor organizational performance and ensure accountability to shareholder and stakeholder?
- 4.2.2.10 Integrated Strategic Business Plan
- 4.2.2.11 in your opinion, does board effectiveness in your public enterprise correspond to the entity's financial performance?
- 4.2.2.12 Factors that contribute to board effectiveness and company performance
- 4.3 Effects of factors that influences the effectiveness of board of directors in Commercial Public Enterprise
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
The study aimed to investigate the effectiveness of boards of directors in Namibian commercial public enterprises. The research explored the factors contributing to board effectiveness and their impact on organizational performance, particularly in light of past corporate scandals and underperformance. A qualitative methodology was employed, focusing on data collected through semi-structured interviews.
- Board of Directors' Effectiveness in Namibian Public Enterprises
- Factors Influencing Board Effectiveness (skills, diversity, experience, governance, accountability)
- Relationship between Board Effectiveness and Organizational Performance
- Qualitative Research Methods and Data Analysis
- Impact of Corporate Governance on Public Enterprise Success
Zusammenfassung der Kapitel (Chapter Summaries)
Chapter One: Introduction: This chapter introduces the study, providing background information on the challenges faced by Namibian commercial public enterprises and the significance of board effectiveness in addressing these challenges. It highlights the prevalence of corporate scandals and poor performance, emphasizing the need for research into this critical area of corporate governance. The chapter outlines the study's objectives, significance, limitations, and key concepts, setting the stage for the subsequent chapters. The conundrum presented focuses on the disconnect between expectations of shareholder value and the actual performance of these enterprises, positioning board effectiveness as a central area for improvement.
Chapter 2: Literature Review: This chapter provides a comprehensive review of relevant literature on board of directors models and theories of corporate governance. It explores various theoretical frameworks, including agency theory, stakeholder theory, stewardship theory, resource-dependency theory, and institutional theory, examining their relevance to board effectiveness. The chapter also delves into the roles and powers of boards of directors, exploring the impact of their actions on organizational performance. Significant attention is paid to the impact of external factors, such as the COVID-19 pandemic, on firm performance and the challenges faced by these entities, including issues relating to ICT alignment, digital preservation, renewable energy, and rural electrification. The chapter concludes by identifying the research gap addressed by the current study.
Chapter 3: Research Methods: This chapter details the research design and methodology employed in the study. It justifies the use of a qualitative, exploratory, and descriptive case study approach, outlining the rationale behind this choice. The chapter thoroughly explains the research process, including the sampling strategy (purposive sampling), data collection methods (semi-structured interviews), and data analysis techniques (thematic context analysis). It also addresses issues of validity, reliability, and research ethics. A detailed exploration of the philosophical underpinnings of the research, including pragmatism, positivism, and constructivism, provides a strong theoretical basis for the methodology.
Chapter 4: Data Analysis: This chapter presents the findings of the study, analyzing the data gathered through semi-structured interviews. It presents demographic information of participants and investigates several key aspects of board effectiveness within the selected Namibian commercial public enterprises. This includes analysis of board composition, meeting frequency, corporate governance adherence, teamwork dynamics, performance monitoring mechanisms, strategic planning, and the relationship between board effectiveness and financial performance. The chapter identifies key factors contributing to board effectiveness, drawing connections between these factors and the overall performance of the organizations.
Schlüsselwörter (Keywords)
Board effectiveness, corporate governance, Namibian public enterprises, qualitative research, case study, stakeholder theory, agency theory, organizational performance, corporate scandals, board composition, board skills, renewable energy, digital transformation.
Frequently Asked Questions: Board of Directors Effectiveness in Namibian Commercial Public Enterprises
What is the main focus of this research?
This research investigates the effectiveness of boards of directors in Namibian commercial public enterprises. It explores the factors influencing board effectiveness and their impact on organizational performance, particularly in the context of past corporate scandals and underperformance.
What is the scope of the study?
The study covers a comprehensive analysis of board effectiveness, including board composition, diversity, skills, experience, governance practices, accountability, and the relationship between board effectiveness and financial performance. It also considers the influence of external factors, such as the COVID-19 pandemic and challenges related to ICT, digital preservation, and renewable energy development.
What methodology was used in this research?
A qualitative methodology was employed, primarily using semi-structured interviews as the data collection method. The research design is a case study, justified by its suitability for exploring complex phenomena in depth. The philosophical approach is grounded in pragmatism, drawing on aspects of positivism and constructivism.
What are the key themes explored in the research?
Key themes include board effectiveness in Namibian public enterprises, factors influencing board effectiveness (such as skills, diversity, experience, governance, and accountability), the relationship between board effectiveness and organizational performance, qualitative research methods and data analysis, and the impact of corporate governance on public enterprise success.
What are the key findings of the research (preview)?
A preview of the findings suggests an in-depth analysis of various aspects of board effectiveness, including board membership, meeting frequency, corporate governance adherence, teamwork dynamics, performance monitoring, strategic planning, and the correlation between board effectiveness and financial performance. The analysis identifies key factors contributing to board effectiveness and their connection to overall organizational performance.
What theoretical frameworks are used?
The research draws on several established theories of corporate governance, including agency theory, stakeholder theory, stewardship theory, resource-dependency theory, and institutional theory, to provide a comprehensive understanding of board dynamics and their impact on organizational outcomes.
What are the limitations of the study?
While the study doesn't explicitly list limitations in this preview, such details would likely be included in the full research report. Limitations common to qualitative research, such as generalizability and potential researcher bias, should be considered.
What is the significance of this research?
The research is significant because it addresses a crucial gap in understanding board effectiveness within Namibian commercial public enterprises. The findings can inform best practices in corporate governance, improve organizational performance, and contribute to a more robust and transparent public sector.
What are the key words associated with this research?
Key words include: Board effectiveness, corporate governance, Namibian public enterprises, qualitative research, case study, stakeholder theory, agency theory, organizational performance, corporate scandals, board composition, board skills, renewable energy, and digital transformation.
Where can I find the complete research?
The complete research is not provided in this preview. Further information on accessing the full study would need to be obtained from the publishing company or the researchers involved.
- Quote paper
- David Rewayi Mpunwa (Author), Martha Ndinelao Simasiku (Author), 2022, Board Effectiveness in Namibia’s State Owned Enterprise, Munich, GRIN Verlag, https://www.grin.com/document/1173971
