TY  - JOUR
T1  - Nine Year Tenure as Independent Director: Overstaying the Welcome?
AU - Razak, Muhammad Umar bin Abdul AU - Mahali, Mazlina AU - Adam, Yang Chik 
JO  - The Social Sciences
VL  - 11
IS  - 30
SP  - 7314
EP  - 7318
PY  - 2016
DA  - 2001/08/19
SN  - 1818-5800
DO  - sscience.2016.7314.7318
UR  - https://makhillpublications.co/view-article.php?doi=sscience.2016.7314.7318
KW  - Independent directors
KW  -tenure
KW  -corporate governance
KW  -public companies
KW  -board structure
AB  - An independent director is a person who appointed to the board of director and did not have any
material pecuniary relationship or transactions with the company, its promoters, its directors, its senior
management or its holding company, its subsidiaries and associate that may affect the independent of the
director. Initial studies concerning board structure focused on the number of independent directors on the
board and while previous studies have tried to measure the actual independence. The potential impact of board
tenure on board independence has not been adequately explored in academic literature and up until recently
has escaped the public eye. The purpose of this study is to examine whether 9 year tenure as an independent
directorship could affect independence on the board in Malaysian public companies. This research adopts
qualitative types of research methodology where primary resources are the Malaysian Companies Act 1965,
Malaysian Code of Corporate Governance and Bursa Malaysia listing requirements. The finding of this study
is that there are several benefits from having long-serving independent directors hence, the 9 year tenure limit
requirement is not followed by most of the Malaysian public companies where the tenure is prolonged
for >9 year.
ER  -