Board Attributes and the Impact of Organizational Characteristics: Findings from the Greek Listed Manufacturing Companies

14 Pages Posted: 25 May 2013 Last revised: 5 Jun 2013

See all articles by Dimitrios N. Koufopoulos

Dimitrios N. Koufopoulos

Gnosis Management Consultants; HOCG (Hellenic Observatory of Corporate Governance; Queen Mary University of London - Centre for Commercial Law Studies (CCLS)

Ioannis P. Gkliatis

Hellenic Observatory of Corporate Governance (HOCG); University of Hertfordshire - Business School; Gnosis Management Consultants

Vasilios Thomas Zoumbos

Technological Educational Institute (TEI) of Piraeus

Date Written: August 7, 2010

Abstract

Corporate governance has emerged in the last decade mainly due to a number of corporate failures and scandals that have drawn the global attention. Furthermore, the current financial crisis has highlighted issues of CG in a widest sense and the corporate governance codes and recommendations are being revisited, in order to facilitate transparency and accountability of the management processes within organisations. A range of studies has investigated the essential features of CG; most of the discussion on CG has been driven by concerns with the effectiveness of board of directors that is expected to represent the interests of the shareholders by controlling the opportunistic behaviour of managers and by providing resources to the firm. In Greece, CG is a topic of increasing interest, as a result of dysfunctional boards, executive misconduct and international pressures for a more shareholder-oriented model of governance. However, due to the fact that Greece is a small economy with the majority of companies being small to medium, the interest of corporate governance is highly concentrated to the listed companies of the Athens Stock Exchange (ATHEX). In this study, the focus is on the manufacturing companies of the ATHEX, with about half of the total listed companies being characterized as such.

Suggested Citation

Koufopoulos, Dimitrios N. and Koufopoulos, Dimitrios N. and Gkliatis, Ioannis P. and Zoumbos, Vasilios Thomas, Board Attributes and the Impact of Organizational Characteristics: Findings from the Greek Listed Manufacturing Companies (August 7, 2010). Available at SSRN: https://ssrn.com/abstract=2269125 or http://dx.doi.org/10.2139/ssrn.2269125

Dimitrios N. Koufopoulos

Gnosis Management Consultants ( email )

London
United Kingdom

HOME PAGE: http://www.gnosisconsultants.com

HOCG (Hellenic Observatory of Corporate Governance ( email )

83 Rodney Court
6-8 Maida Vale
London, W9 1TJ
United Kingdom

HOME PAGE: http://www.hocg.eu

Queen Mary University of London - Centre for Commercial Law Studies (CCLS) ( email )

Charterhouse Square
London, EC1M 6AX
United Kingdom

Ioannis P. Gkliatis (Contact Author)

Hellenic Observatory of Corporate Governance (HOCG) ( email )

83 Rodney Court
6-8 Maida Vale
London, W9 1TJ
United Kingdom

HOME PAGE: http://www.hocg.eu

University of Hertfordshire - Business School

De Havilland
Hatfield, Hertfordshire AL10 9AB
United Kingdom

Gnosis Management Consultants ( email )

London
United Kingdom

HOME PAGE: http://www.gnosisconsultants.com

Vasilios Thomas Zoumbos

Technological Educational Institute (TEI) of Piraeus ( email )

250 Thivon & P. Ralli str
Egaleo
Greece

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