Eskandarany Enhancing Boardroom Diversity in Saudi Arabia

1. Auflage 2023
ISBN: 978-3-11-074173-5
Verlag: De Gruyter
Format: PDF
Kopierschutz: Wasserzeichen (»Systemvoraussetzungen)

E-Book, Englisch, Band 4, 179 Seiten

Reihe: De Gruyter Studies in Corporate Governance

This monograph contains an evaluation of the research dealing with the drivers and significance of corporate board diversity and corporate governance focused on Saudi Arabia. It specifically shows how to increase board diversity in a different culture and social setting. This is achieved by presenting more than two thousand items of secondary data and comparing these to data from 2020 to show the social change from the old to new diversity logics amidst the more general social change, with comparative analysis of global trends. The book will provide a clear picture of boardroom diversity in Saudi Arabia. This will contribute to knowledge through understanding board diversity and exploring whether there have been changes in the boardroom due to social structure shifts, and the extent of resistance. It will benefit both accounting and governance academics as well as the broader practitioner community. Furthermore, it will be important for those looking at social change and the role of the Saudi national plan Vision 2030 which provides a strategic framework to reduce the country’s dependence on oil, diversify its economy and develop its public sector. The first book to investigate boardroom diversity in Saudi Arabia Captures the change of Saudis boardroom in six demographic types of diversity Looks into the impact of social settings in Saudi culture by highlighting the Vision of 2030 Provides a comprehensive review of Saudi Arabia’s most recent corporate governance codes

Autoren/Hrsg.

Eskandarany, Abdullah

Inhaltsverzeichnis

CHAPTER 1: Background of the Study
CHAPTER 2: The Context of Saudi Arabia

Introduction

Saudi Social Structure

Politics

Economics

Culture

Family

Religion and Diversity

Gender and the Islamic Religion

Ethnicity and the Islamic Religion

Islamic Religion and the Elderly

Saudi Arabian Listed Companies

Background

The Market Regulations Framework

An overview of the Corporate Governance Code (CGC) and the Boardroom Diversity

Summary Saudi Corporate Governance Code (2006)

Summary Saudi Corporate Governance Code Amendment (2010)

Summary Corporate Governance Code (2017)

Summary New Corporate Governance Code (2021) (expected)

Saudi Vision 2030

Growing and Diversifying the Economy

Integrating the Saudi Economy Regionally and Globally (Objective Number 3.6)

Increasing Employment

Equal Entry into Jobs (Objective Number 4.2)

Preparing the Younger Generation for the Market

Women’s Empowerment

Attracting Appropriate Foreign Expertise (Objective Number 4.4)

New Changes to Saudi Arabia’s Social Structure

Summary
CHAPTER 3: Literature Review
Introduction

Corporate Governance (CG)

Definition and Background

Corporate Governance Mechanisms

Boardroom Roles and Duties

Boardroom Committees Diversity

Protecting Shareholders’ Rights and Boardroom Diversity

Boardroom Structure

Selecting and Nominating Board Members

Ownership

Chairpersons

Boardroom Diversity

Definitions and Background

Functional Diversity

Diversity of Experience

Diversity of Educational Background

Diversity of Educational Level

Demographic Diversity

Age Diversity

Gender Diversity

Diversity of Nationality

Boardroom Effectiveness and Diversity

Monitoring versus Independence

Decision Making versus Conflict between Diverse Members

Risk Management and Internal Controls

Boardroom Diversity and Performance

Board Diversity Effectiveness in the Middle East and North Africa (MENA) Countries, Including Saudi Arabia

Summary
CHAPTER 4: The Theory of Institutional Logics: A Perspective for Understanding the Effectiveness of Boardroom Diversity
Introduction

Agency Theory

Social Capital Theory

Resource Dependency Theory

Institutional Theory

Background and Definition

The Three Institutional Pillars

The Development of Institutional Theory and Institutional Logics

Different Perspectives of Institutional Logics

Institutional Logics

Resistance to Change

Shifting to the New Logic

The Individual Level (Micro)

The Organisational Level (Meso)

Societal Level (Macro)

Using Institutional Logics

Summary
CHAPTER 5: Secondary Data Results and discussion
Introduction

Gender

Age

Nationality

Qualification Levels

Educational Background

Experience

Summary
CHAPTER 6: Conclusion

Über Autor(innen)

Abdullah Eskandarany is an Assistant Professor of Accounting at the Business College of the University of Jeddah, Saudi Arabia. As an assistant professor, he has been actively involved in teaching and administrative duties at both the departmental and faculty level. Abdullah holds a PhD in Management from Accounting and Financial Management department at University of Sheffield Management School, an MSc in Accounting and Finance from Bangor University, UK, and an MBA in Accounting from Avila University, USA. Abdullah’s research interests include extinction accounting, Islamic tax (
zakat
), and corporate governance, with a specific concentration on the corporate board and its diversity. Abdullah has presented research on boardroom diversity at many conferences and workshops.