Examining the Impact of Board Size and CEO Duality on Enterprise Risk Management Implementation: the Role of Corporate Governance Structures

Chia, Yi Ying (2024) Examining the Impact of Board Size and CEO Duality on Enterprise Risk Management Implementation: the Role of Corporate Governance Structures. Masters thesis, Tunku Abdul Rahman University of Management and Technology.

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Abstract

Enterprise Risk Management (ERMI) Implementation is a framework consisting of key concepts, principles, and techniques that organisations use to manage and control their activities effectively. Corporate governance and risk management are interconnected to assist firms to understand, improve, and achieve their objectives while appropriately mitigating, assessing, and managing risks. The board characteristics such as board size and CEO duality can significantly impact strategic decision-making, including the allocation of resources, and firm performance. This research examines the relationship and hypotheses using quantitative and cross-sectional analysis, delivering questionnaires to a specified target group of 156 respondents from a Malaysian perspective. Data analysis was conducted using Statistical Package for Social Sciences (SPSS) and Partial Least Squares Structural Equation Modelling (PLS-SEM). Meanwhile, the research also explores the mediating effect of Corporate Governance Structures on Board Size and CEO duality towards ERM implementation. Addinally, the findings support the theoretical framework and provide implications for theory and practice. The research also discusses its limitations and provides recommendations for future research