Long Tenure of Independent Directors: Enhancing Expertise While Balancing Independenc

Long Tenure of Independent Directors: Enhancing Expertise While Balancing Independenc

This study examines the relationship between long-tenure independent directors and corporate governance performance using a sample of Taiwan's publicly listed and over-the-counter (OTC) companies from 2016 to 2018. The results show: (1) a significant positive association between long-tenured directors and governance performance, supporting the expertise hypothesis; (2) the positive effect of long-term independent directors in nonfamily firms is significant; and (3) in companies where the CEO is also the chairman, The positive impact of long-term directors is not significant. The results show that the experience and expertise of long-term independent directors contribute to governance performance and provide new perspectives for policymaking and practice.