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What competencies should directors possess? Malaysia perspective

Wan Yusoff, Wan Fauziah and Amrstrong, Anona What competencies should directors possess? Malaysia perspective. In: Annual Summit on Business and Entrepreneurial Studies (ASBES 2011), 17-18 October 2011, Kuching, Sarawak.

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Abstract

Directors' competencies are seeing to be of importance to corporate governance. As this issue has not yet being studied extensively in Malaysia, this study determines the key competencies of Malaysian company's directors using qualitative approach involving two stages of Delphi Technique. In the first stage all information pertaining to directors' competences in the literature had been reviewed. In the second stage, the key competencies identified in stage one were the criteria for developing a semi structured questionnaire. Participants were asked to rank the competencies in term of their importance for directors' performance. Based on personel interviews with 41 participants eight types of competencies were found to be essential for Malaysian companies' directors. Financial competencies received the highest responses, followed by corporate planning, business forecasting, legal, risk management, marketing, human resource and international business. This paper provides important evidence to support the conclusions drawn from the study about the importance of relevant directors' competencies for board and corporate effectiveness.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: competencies; company directors; board effectiveness; corporate governance
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management > HD58.7-58.95 Organizational behavior, change and effectiveness. Corporate culture
Divisions: Faculty of Technology Management and Business > Department of Technology Management
Depositing User: Normajihan Abd. Rahman
Date Deposited: 21 Dec 2012 08:55
Last Modified: 21 Dec 2012 08:55
URI: http://eprints.uthm.edu.my/id/eprint/2888
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