Original scientific paper
https://doi.org/10.30924/mjcmi.28.2.14
Determinants of board membership in Publicly-Owned Enterprises: Contemporary trends and issues
Hajdin Berisha
orcid.org/0000-0002-5290-8235
; University of Prishtina “Hasan Prishtina”, Faculty of Economics, Department of Management, Republic of Kosovo
*
Berim Ramosaj
; University of Prishtina “Hasan Prishtina”, Faculty of Economics, Department of Management, Republic of Kosovo
Besnik Krasniqi
; University of Prishtina “Hasan Prishtina”, Faculty of Economics, Department of Management, Republic of Kosovo
* Corresponding author.
Abstract
Board structure is considered one of the most important determinants of board effectiveness. This study examines the personal motives of individuals seeking board membership in Publicly-Owned Enterprises (POEs). Using the sequential mixed methods approach, thirteen in-depth interviews were conducted with current and former board members, and one hundred and thirty-seven (137) questionnaires were administered to key representatives and beneficiaries of POEs. The results indicate several factors that motivate board membership. We find that intrinsic motives, which we refer to as ‘personal benefits,’ and extrinsic motives, which we refer to as ‘social recognition,’ are the most important factors for joining POE board membership. The findings could be helpful in redesigning strategies and policies for appointing professional board members whose primary incentives for board membership are related to POE development rather than personal benefits and self-recognition.
Keywords
board; motives; POE; structure; factors
Hrčak ID:
311861
URI
Publication date:
20.12.2023.
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