The International Journal of Business & Management

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There are several themes, especially a fixated reliance on the Board’s structure/composition to evaluate effectiveness of corporate governance, controversial for a small/medium sized firm as the former approach is primarily designed with large corporations in mind. It was basically a qualitative research underpinned by a case study of organization XXX was conducted in order to explore the impact of corporate governance and leadership on organizational success. Data was collected via semi-structured interviews, transcribed and analysed using the grounded theory (Straussian method), revealing XXX’s pursuit of organizational success as an on-going crusade, with impediments to be addressed. A contextual look into corporate governance model for a small firm was undertaken. Corporate governance’s strengths contributing to and limitations impeding organizational success were examined. Also, leadership strengths and limitations were also examined. The study revealed that, leadership effectiveness can be measured by the degree of relationships formed rather than styles/types, which vary by leaders’ personalities. Leader-member exchange (LMX) provides the platform for relationships to be formed and strengthened by culture of values.


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