Role of non-executive directors in implementing non-regulatory codes on corporate governance in SMEs listed in the alternative investment market in the UK: A content analysis

This study explores roles of NEDs of SMEs listed in the Alternative Investment Market (AIM) in the London Stock Exchange. It extends the literature on NEDs’ roles relevant to a context where the adherence to the principles of non-regularity corporate governance is not compulsory. We adopted a content analysis approach as a novel method for exploring roles of NEDs using details of 1220 NEDs recorded in 75 annual reports. It revealed that NEDs meet the expectations of several stakeholders simultaneously by playing multiple roles. A conceptual model depicting testable relationship between cognitive tasks and key roles of NEDs is also developed.

• Publication year

  2015

• Venue

  Corporate Ownership and Control

• Publication date

  Unknown publication date

• Fields of study

  Law, Business

• Identifiers
  DOI 10.22495/COCV13I1C2P1
• External record

  Open on Semantic Scholar

• Source metadata

  Semantic Scholar

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