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Effects of Corporate Governance on CEO Employment Risk

Time: 13:00-15:00 (UK Time), Wednesday, 4 May 2022
Presenter: Prof. Kemi Yekini, SOAS University of London
Chair: Prof. Victor Murinde, SOAS University of London
Online venue: Click here to join the seminar on Microsoft Teams (For any inquiry about how to join the online seminar, please contact Dr. Athina Petropoulou: ap102@soas.ac.uk)

Abstract

This paper examines the determinants of CEO employment risk from a corporate governance (CG) perspective. Previous studies focused on the effect of CG on firm performance, we investigate the effect of CG on CEO’s employment risk. Using Probit model on a panel dataset from UK FTSE 350 non-financial companies, our results reveals that the likelihood of CEO employment risk increases as board size and board independence increases, while CEO network reduces the likelihood. The study advances CG literature by providing fresh insights into how CG mechanisms can enhance effective monitoring of CEO performance. It also offers important insight to policy makers who are interested in providing guidance on the optimal board size and board composition and those interested in the effective monitoring of CEO performance and organisational strategies for firm performance.

Presenter

Prof. Kemi Yekini

Professor Kemi Yekini joined SOAS University of London in 2019. She is a qualified Chartered Accountant and Professor of Accounting and Finance in the School of Finance and Management, SOAS University of London. Her research focuses mainly on aspects of corporate disclosure practices from an interdisciplinary perspective, with reference to, transparency and quality of narrative disclosures, corporate governance and bank performance. Her research has produced high quality outputs widely published in reputable international journals, including, Business & Society, Accounting Forum, Accounting, Auditing and Accountability Journal, Journal of Financial Crime etc. She held many leadership positions before joining SOAS.

While at Leicester Business School, De Montfort University, she founded and provided leadership for the Centre for research in Accountability, Governance and Sustainability (CRAGS), a multidisciplinary research centre. The research centre was instrumental to the award of grants and development of projects that looked into public financial management reforms in Sub-Saharan Africa. She later joined the University of Nottingham as Associate Professor and Divisional Director of Research for the Accounting Division and was the Divisional Director of PhD programme while she was there.

Prior to that, she had held various leadership roles in industry and professional practice – Audit senior, Auditor-in-charge of various Audit assignments, Head of Internal Audit and latter, Head of Finance. She had over nineteen (19) years of professional practice and industry experience before joining the academia in 2007. Her many years of experience in professional practice and industry has largely driven her teaching and research interests. She has supervised several PhD theses to completion and currently supervise PhD students in her research area.

Kemi has served in many editorial positions including editorial board member of Advances in Environmental Accounting and Management, Editor-in-chief for ICTACT Journal on Management Studies and as scientific committee member for Global Conference on Business and Economics. She currently reviews for highly ranked academic journals, including, Critical Perspectives in Accounting, Corporate Governance: An International Review, Journal of Management Inquiry, Accounting, Auditing and Accountability Journal.