Impact of Governance Transparency and Role of Shareholders on Succession Planning In Banking Sector of Pakistan

Abstract

This article aims to explore the impact of governance transparency and the role of Shareholders on Succession Planning in Banking Sector of Pakistan. This is a causal comparative study and a survey was used to address the research goals. For this purpose, 240 questionnaires were distributed manually in the head offices and franchises of twelve different Banks of Rawalpindi; only 200 were returned back. Therefore the response rate was 70%. To interpret data, Reliability analysis was done for scale. Linear regression was used to check the association between variables. The reliability of the scale was 0.782, which is an ideal value of any scale. The results obtained from Regression analysis for H1were as follows: ANOVA= 0.000, R square=0.358, t sig value 0.000. The regression analysis for H1were as follows: R square=0.358 ANOVA= 0.000 and t sig value 0.002. Therefore, both of the hypothesis were accepted. This paper is not the representative of the whole population, because it only deals with one sector of twin cities. Future researchers should fill the gaps represented in this research article. There is only a little research done in this field, therefore, this research paper serves as a building block for future researches.

Keywords: governance transparency, role of shareholders, succession planning, Banking Sector