Ranking of Corporate Governance Dimensions: A Delphi Study

Norita Mohd Noor (), Amran Rasli, Mas Anom Abdul Rashid, Muhammad Faraz Mubarak and Imelda Hermilinda Abas
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Norita Mohd Noor: Faculty of Business Administration, Kolej Universiti Poly-Tech MARA, Jalan 6/91, Taman Shamelin Perkasa, Kuala Lumpur 56100, Malaysia
Amran Rasli: Faculty of Business and Communication, INTI International University, Persiaran Perdana BBN Putra Nilai, Nilai 71800, Malaysia
Mas Anom Abdul Rashid: Faculty of Business Administration, Kolej Universiti Poly-Tech MARA, Jalan 6/91, Taman Shamelin Perkasa, Kuala Lumpur 56100, Malaysia
Muhammad Faraz Mubarak: School of Economics and Business, Kaunas University of Technology, K. Donelaičio g. 73, 44249 Kaunas, Lithuania
Imelda Hermilinda Abas: School of Liberal Arts, Main Campus, Shinawatra University, Pathum Thani 12160, Thailand

Administrative Sciences, 2022, vol. 12, issue 4, 1-17

Abstract: Most research on Initial Public Offering (IPO) focuses on the financial aspects of a company; previous research on corporate governance tended to focus on factors that influence the company proceeding with IPO. Few researchers studied the aspect of leadership using corporate governance as means to achieve company growth and IPO. This study seeks to identify dimensions deemed as important for corporate governance from the Malaysian perspective by using a two-round Delphi Method. The consistency of the ranking of these dimensions was then determined using Kendall’s coefficient of concordance. The order of importance for the nine dimensions uncovered from the Delphi Method are as follows: (1) Leadership; (2) Board Structure; (3) Vision, Mission and Strategies; (4) Policies, Process and Procedures; (5) Transparency; (6) Accountability and Responsibility; (7) Risk management and Internal Control; (8) Culture, and (9) Training and Communication. The interplay of the aforementioned dimensions and corporate governance is presented. Finally, quantitative as well as mixed methods research are recommended for a more in-depth understanding and to reduce bias through triangulation.

Keywords: Delphi method; Kendal’s coefficient of concordance; corporate governance; company growth (search for similar items in EconPapers)
JEL-codes: L M M0 M1 M10 M11 M12 M14 M15 M16 (search for similar items in EconPapers)
Date: 2022
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