The impact of the structure of the board of directors on employee satisfaction: a field study on private Egyptian television channels

الملخص EN

Corporate Governance (CG) has gained importance over the past decade due to its major role in directing, observing, and controlling the organization's performance and results.

Good Corporate Governance (GCG) is expected to reduce the risk of deception and corporate collapse, particularly after the big scandals of several multinational organizations such as: Enron in 2001, WorldCom in 2002 and Parmalat in 2003.

Good Corporate Governance (GCG) is also perceived to increase firm value by reducing agency costs and by building investors' confidence.

Moreover, to create wealth by improving financial performance.

Previous studies have addressed the role of good corporate governance mechanisms in increasing firm value in many countries, but there has been limited research done in the Egyptian case and limited work on factors which may mediate the relationship between corporate governance and the private firms' sustainable strategic performance.

Working with different theories of corporate governance derived from Calder (2008), this research focuses on the impact of the structure of the board of directors – as an indicator of corporate governance - on employee satisfaction as an indicator of sustainable strategic performance, with an application on private Egyptian Television Channels.

In this research, the structure of the board of directors has been studied as the independent variable.

Dependent variable chosen for this research is the Employee Satisfaction.

The purpose of the research is to provide insight into whether corporate governance - through the structure of the board of directors - impacts or does not impact the employee satisfaction, which is essential to achieve the firm's sustainable strategic performance.