REVIEW OF BOARD COMPOSITION IN ZIMBABWE STATE ENTERPRISES AND PARASTATALS.

Abstract

This paper aims to present a systematic literature review to determine the effects of Board composition in Zimbabwe State enterprises and parastatals. The purpose of the research is to synthesis the empirical research on Board composition. Specifically, the proposed study’s motivation aroused from vast literature focusing on the effect of the relationships between board composition and timeliness of financial reporting in other countries. The study reviewed some of the articles for literature that deliver robust suggestions on Board composition and timeliness of financial reporting. The findings shows that the literature of Board composition shows that there are vast determinants of board composition that influence timeliness of financial reporting in different ways and directions. The literature shows that there is no conclusive definition that defines Board composition. The study therefore recommends that authors, researchers and policy makers should come up with a narrow and be a specific definition of Board composition than using vast determinates to define the term Board composition as these differences contributed among researchers to the variations in their findings.

Keywords: Board Composition, Timeliness, Quality of Financial Reporting.