Non-Executive Directors and Corporate Strategy: Theory and Exploratory Empirical Insights from FTSE 350 Companies

PhD Thesis


Lisson, M. (2022). Non-Executive Directors and Corporate Strategy: Theory and Exploratory Empirical Insights from FTSE 350 Companies. PhD Thesis London South Bank University School of Business https://doi.org/10.18744/lsbu.9280q
AuthorsLisson, M.
TypePhD Thesis
Abstract

The objective of this thesis is to provide exploratory, theoretical, and new empirical insights into Non-Executive Directors’ (NEDs) contribution to corporate strategy within London Stock Exchange’s largest 350 companies (FTSE 350), all of which have the same legal and regulatory duties. This research deploys an interpretivist philosophy, responding to four fundamental research questions, with appropriate ontological, epistemological, and axiological considerations surrounding NEDs’ corporate strategy oversight.
This research uniquely applies the constructs of Institutional Theory in conjunction with Instrumental Stakeholder Theory, whilst the empirical examination of NEDs’ oversight contributions into corporate strategy capabilities is considered in terms of their constituents: ‘Shaping’, ‘Conducting’ and ‘Deciding’ appropriate strategies. The research itself employed
a mixed-method, parallel-layered, theoretically informed, content and descriptive analysis, including cross-sectional financial data analysis performed during 2019-2020, targeting data covering FTSE 350 NEDs’ strategic oversight role.
The theoretical and empirical research provides original and valuable insights into NED’s involvement in corporate strategy. Specifically, it produced no observable evidence of the
existence of any Corporate Strategy Committees involving FTSE 350 NEDs. The explicit and implicit contributions to knowledge and policies arising from the research outcomes is
the identification of a need for NEDs to show greater strategic leadership and become directly involved in a proposed Corporate Strategy Committee. This would afford the board greater strategic oversight to deliver more meaningful, measurable statements on the long-term sustainability of their company, i.e., over 5 to 10 years, within their Strategic Report.
This research identifies the need for further research into theoretical and methodological issues relating to FTSE 350 NEDs’ strategic oversight role.

Year2022
PublisherLondon South Bank University
Digital Object Identifier (DOI)https://doi.org/10.18744/lsbu.9280q
File
License
File Access Level
Open
Publication dates
Print01 Sep 2022
Publication process dates
Deposited10 Nov 2022
Permalink -

https://openresearch.lsbu.ac.uk/item/9280q

Download files


File
2022_Aug_08_Thesis_Final_ReSubmission_Lisson_3401770.pdf
License: CC BY 4.0
File access level: Open

  • 3
    total views
  • 3
    total downloads
  • 0
    views this month
  • 0
    downloads this month

Export as

Related outputs

Data for Non-Executive Directors and Corporate Strategy: Theory and exploratory empirical insights from FTSE 350 companies
Lisson, M. (2022). Data for Non-Executive Directors and Corporate Strategy: Theory and exploratory empirical insights from FTSE 350 companies. London South Bank University. https://doi.org/10.18744/lsbu.8z951
London Doctoral Academy Postgraduate Research Summer School 2020
Graham, A., Ibrahim, M., Lisson, M., Henfrey, C., Alfandari, N., Ojo, G., Baragau, I., Mansfield, M., Scheel, A., Bichard, E., Hamed Aboelkhair, H., Marjan, A., Hettiarachchi, S. J., Parvin, A., Merton, S., Ahmed-Landeryou, M., Jenkins, C., Alli, U., Atanda, O. and Ganiyu, S. (2020). London Doctoral Academy Postgraduate Research Summer School 2020. London South Bank University.
Non-Executive Directors and Corporate Strategy: Theory and exploratory empirical insights from FTSE 350 companies
Lisson, M. (2020). Non-Executive Directors and Corporate Strategy: Theory and exploratory empirical insights from FTSE 350 companies. London Doctoral Academy Postgraduate Research Summer School 2020. Online 06 - 09 Jul 2020 London South Bank University.