Year: 2026 | Month: July | Volume: 13 | Issue: 7 | Pages: 237-252
DOI: https://doi.org/10.52403/ijrr.20260727
Board Governance Mechanisms in Listed Family-owned Firms: An Evidence from Bangladesh
Dr. Suman Dey1, Dr. Bidhan Chandra Mazumder2
1Professor, Department of Humanities Chittagong University of Engineering & Technology (CUET)
2Professor, Department of Accounting University of Chittagong, Bangladesh.
Corresponding Author: Dr. Suman Dey
ABSTRACT
The study aims to examine the state of board governance mechanisms in listed family-owned firms of Bangladesh based on the perception of two major stakeholders - executive/non-executive directors and independent directors of the sample firms. The study takes into account 21 listed family-owned firms as samples of 5 industries dominant in size in Bangladesh and takes interview of 100 respondents from the samples. Developing a structured questionnaire in dichotomous and 5-point Likert scale formats for collecting primary data, the study uses some statistical tools for analyzing those data. The study finds that the sample respondents have shown a positive and coherent view on board issues like role of family members and board agenda and also indicate some opposite directions upon the respondents’ views on some other board issues. They have strongly positively agreed on the role and responsibilities of the board but there is a significant mean difference. Again, they have strongly disagreed on the role of independent directors and the role of directors’ report but the mean difference of their opinions is insignificant. This study provided a new insight to bridge the gaps that the outcomes of the coverage of corporate governance mechanisms specified by the SEC of Bangladesh.
Keywords: Corporate Governance, Board Governance Mechanisms, Board Agenda, Board Training, Independent Directors.
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