Open Access Repository

Perceptions of independent directors about their roles of and challenges on corporate boards: evidence from a survey in Vietnam

Nguyen, TTM ORCID: 0000-0003-2780-5442, Evans, Elaine and Lu, Meiting 2019 , 'Perceptions of independent directors about their roles of and challenges on corporate boards: evidence from a survey in Vietnam' , Asian Review of Accounting, vol. 27, no. 1 , pp. 66-96 , doi:

ARA_Acceptance...pdf | Download (466kB)

| Preview


Purpose – The purpose of this paper is to examine the perceptions of independent directors in Vietnam about their roles and challenges when sitting on the boards of listed companies.Design/methodology/approach – The study uses mailed questionnaires to collect data. The authors sent surveys to 810 independent directors from 354 listed companies and received feedback from 170 respondents.Findings – The authors examine several aspects of independent directors’ work on the board (such as the roles of and challenges for independent directors) as well as board environment (such as information provision or board interaction). Findings suggest that independent directors in Vietnam place more emphasis on their advisory role than their monitoring role. In addition, they also point out their challenges including information asymmetries and the influence of controlling shareholders. These challenges are significant and they prevent independent directors to properly execute their independent role on the board. These findings reflect the unique features of corporate governance in transition economies.Originality/value – The authors contribute to the literature through providing an insightful view about the nature of the work performed by this type of director in a transition economy. The study is also one of the first studies to use a qualitative instrument to provide an explanation of how controlling shareholders influence independent directors on boards of directors.

Item Type: Article
Authors/Creators:Nguyen, TTM and Evans, Elaine and Lu, Meiting
Keywords: ownership concentration, independent directors, corporate governance, information asymmetries
Journal or Publication Title: Asian Review of Accounting
Publisher: Emerald Publishing limited
ISSN: 1321-7348
DOI / ID Number:
Copyright Information:

© Emerald Publishing Limited

Related URLs:
Item Statistics: View statistics for this item

Actions (login required)

Item Control Page Item Control Page