Capping the tenure of CEOs as a Good Corporate Governance Strategy: Prospects and Challenges

Paradzai Munyede


The concept of good corporate governance has gaining traction over the last three decades in the private and public sectors as a response to serious financial scandals and maladministration practices in organisations around the globe. Antidotes provided in previous studies on these corporate failures attributed this to poor board compositions and inadequate separation of power. Whilst this was part of the problem, little effort was put to understand how Chief Executive Officers (CEOs) term limits could also contribute to good governance practice which would make organisations avoid scandals. Therefore, the purpose of this paper is to explore how capping CEOs tenure could enhance good corporate governance in the public and private sectors. This paper is based on a qualitative approach and used content analysis to review data from published records like journal articles. This article posited that capped term limit in both the public and private sectors is ideal as it enhances good corporate governance practice which in turn will make institutions effective and responsive to changes in their operating environment.


Good Corporate Governance; CEOs Tenure; Corporate Governance Instruments; Chief Executive Officer

Full Text:



Benz, M., & Frey, B. S. (2007). Corporate Governance: What Can We Learn From Public Governance? Academy of Management Review, 32(1), 92–104.

Choruma, A. (2019). Ceo term limits: Double edged sword? Retrieved from Sunday Mail website:

Coyle, B. (2003). Corporate Governance. London: ICSA Publishing Ltd.

Coyle, B. (2015). Corporate Governance. London: ICSA Publishing Ltd.

Edwards, M., Halligan, J., Horrigan, B., & Nicoll, G. (2012a). Dimensions of Governance for the Public Sector. Australia: ANU Press.

Edwards, M., Halligan, J., Horrigan, B., & Nicoll, G. (2012b). Rise of Corporate and Public Governance. ANU Press.

Hickman, G. R., & Lee, D. S. (2001). Managing Human Resources in the Public Sector: A Shared Responsibility. San Diego: Harcourt College Publishers.

Institute of Directors of Southern Africa. (2016). King IV Report on Corporate Governance For South Africa. Johannesburg: Institute Of Directors Southern Africa.

Katharina Janke, C. P. (2019). The Impact of CEOs in the Public Sector: Evidence from the English NHS. Boston: Harvard Business School.

Leavy, P. (2014). The Oxford Handbook of Qualitative Research. New York: Oxford University Press.

Mandala, N., Kaijage, E., Aduda, J., & Iraya, C. (2017). Board Structure, CEO Tenure, Firms’ Charactersitics and Performance of Financial Institutions in Kenya. European Scientific Journal, ESJ, 13(31), 39.

Matei, A., & Drumasu, C. (2015). Corporate Governance and public sector entities. Procedia Economics and Finance, 26, 495–504.

Mohd-Saleh, N., Mohd-Sanusi, Z., Abd-Rahman, R., & Bukit, R. (2012). Firm performance, CEO tenure and corporate governance reporting in Malaysia. Int. J: Management Practice.

Munyede, P., & Mapuva, J. (2019). Exploring Public Procurement Reforms in Rural Local Authorities in Zimbabwe. Journal of Public Administration and Governance, 10(1), 1–16.

Ncube, F., & Maunganidze, L. (2014). Corporate Governance and Executive Compensation in Zimbabwean State Owned Enterprises: A Case of Institutionalized Predation. Scientific & Academic Publishing.

Okeahalam, C. C., & Akinboade, C. C. (2003). A Review of Corporate Governance in Africa: Literature, Issues and Challenges. Global Corporate Governance Forum, 15(1), 1–34.

Schein, E. H. (2004). Organizational Culture and Leadership. San Francisco: Jossey-Bass

Whitehead, K. C. (2011). Why Not A CEO Term Limit? Boston University Law Review, 91, 1263–1288.

World Bank. (2009). Report on the Observance of Standards and Codes (ROSC)., Mongolia. In Corporate Governance Country Assessment. New York.

World Bank. (2014). Corporate Governance of State-Owned Enterprises. Washington DC.



  • There are currently no refbacks.

Copyright (c) 2021 Paradzai Munyede

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Creative Commons License
Journal of Contemporary Governance and Public Policy is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Web Analytics View My Stats