DefinePK

Abstract

Boardrooms are the major concern in making and implementing the strategies and organizational main goals. Corporate boards are accountable for major corporate decisions (Chen et al. 2017), and the effectiveness of such decisions depends on the board's characteristics. The main purpose of this research is to determine the most effective and the least effective benefits of having boardrooms specifically in the family-owned business. This will help the family-owned business to understand  the significance and benefits of boardrooms so that they can better utilize them to enhance their businesses' effectiveness. To achieve the task, the researcher prepared the bi-polar questionnaire based on the model of benefits of boardrooms and for the responses, the experts were used to fill the bi-polar questionnaire, based on their experience in the boardrooms. For the analysis of this entire process Excel and the Expert Choice software were used to complete the analysis and the construction of the results. This research also shows that evaluating the CEO and fundraising are positively associated with boardroom effectiveness. . Moreover, fundraising is also, a consistent factor that highly attracts boardrooms with sub-dimensions of funding proposals it will also provide better insight into the financial positions and activities these fund raising activities take place in different aspects to plan for the potential losses that could take place. Certainly, the most and least significant factors could be found and these factors will be considered in boardrooms to create effective processes.