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Board composition, non‐executive directors and governance cultures in Irish ICT firms: a CFO perspective

Board composition, non‐executive directors and governance cultures in Irish ICT firms: a CFO... Purpose – The emergence of the information and communications technology (ICT) sector in Ireland over the course of the past decade has paralleled a period of exceptional national economic growth. This has raised questions regarding wealth distribution, power and governance. This paper seeks to identify some of the characteristics of the governance culture in this sector in Ireland. It deals specifically with issues such as board composition, non‐executive directors and the perceived role and usefulness of accounting information in the decision‐making process. Design/methodology/approach – Questionnaire feedback from chief financial officers (CFOs), focusing specifically on the board of directors of indigenous, private firms. Findings – The research indicates that firms operating in this sector adopt structures and cultures similar to those in more traditional sectors. However, there is evidence that Irish ICT firms have responded positively to calls for the roles and responsibilities of non‐executive directors to be recognised and accommodated. It also confirms the continuing centrality of accounting information to the decision‐making process. Originality/value – The research represents an initial survey of firms operating in this sector. As such it is concerned with identifying overall patterns and contours. It is unusual in seeking feedback from CFOs and, as such, offers some unique insights. The findings will be of interest to those operating in the ICT sector and those seeking to identify the governance features that characterise this emerging and dynamic area. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Corporate Governance Emerald Publishing

Board composition, non‐executive directors and governance cultures in Irish ICT firms: a CFO perspective

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References (40)

Publisher
Emerald Publishing
Copyright
Copyright © 2005 Emerald Group Publishing Limited. All rights reserved.
ISSN
1472-0701
DOI
10.1108/14720700510616596
Publisher site
See Article on Publisher Site

Abstract

Purpose – The emergence of the information and communications technology (ICT) sector in Ireland over the course of the past decade has paralleled a period of exceptional national economic growth. This has raised questions regarding wealth distribution, power and governance. This paper seeks to identify some of the characteristics of the governance culture in this sector in Ireland. It deals specifically with issues such as board composition, non‐executive directors and the perceived role and usefulness of accounting information in the decision‐making process. Design/methodology/approach – Questionnaire feedback from chief financial officers (CFOs), focusing specifically on the board of directors of indigenous, private firms. Findings – The research indicates that firms operating in this sector adopt structures and cultures similar to those in more traditional sectors. However, there is evidence that Irish ICT firms have responded positively to calls for the roles and responsibilities of non‐executive directors to be recognised and accommodated. It also confirms the continuing centrality of accounting information to the decision‐making process. Originality/value – The research represents an initial survey of firms operating in this sector. As such it is concerned with identifying overall patterns and contours. It is unusual in seeking feedback from CFOs and, as such, offers some unique insights. The findings will be of interest to those operating in the ICT sector and those seeking to identify the governance features that characterise this emerging and dynamic area.

Journal

Corporate GovernanceEmerald Publishing

Published: Sep 1, 2005

Keywords: Boards of Directors; Corporate governance; Information, Communication technologies; Ireland; Non‐executive directors

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