Special issue: corporate governance and accountability in multinational enterprises

This chapter reviews the literature on foreign direct investments among emerging economies (E-E FDI), focusing on the motivations behind E-E FDI, country-specific advantages and firm-specific advantages associated with emerging-economy multinational enterprises (EMNEs), and spillover effects of E-E FDI on host-country economic and institutional development. We identify the following topics as posing important questions for future research: EMNEs’ ability to leverage home-government resources and diplomatic connections to promote investment in other emerging economies; nonmarket strategies of EMNEs in emerging economies; ownership and corporate governance affecting investment strategy and performance of EMNEs; E-E FDI contributions to sustainable development in host countries. Future studies should also consider potential heterogeneity among EMNEs by integrating insights from institutional theory, network theory, political science, corporate governance, corporate social responsibility, and sustainable-development research.

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The evolution of the stakeholder-inclusive approach in the King Reports

Journal of Global Responsibility ◽

10.1108/jgr-10-2019-0098 ◽

2020 ◽

Vol 11 (2) ◽

pp. 139-146

Author(s):

Annamarie van der Merwe

Keyword(s):

South Africa ◽

Corporate Governance ◽

Design Methodology ◽

Human Intervention ◽

Common Theme ◽

Special Issue ◽

Content Type ◽

Corporate Governance Code ◽

Inclusive Approach ◽

High Level

Purpose The purpose of this paper is to provide the reader with a high-level overview of the key messages of each of the four King Reports on Corporate Governance for South Africa, published during the period from 1994 to 2017, with a particular focus on the stakeholder-inclusive approach. While confirming the constant themes and messages, it also highlights the unique features and attributes of each of these reports. Design/methodology/approach This paper is based on a review and comparison of the four King Reports of Corporate Governance for South Africa with a particular focus on the stakeholder-inclusive approach. Findings The key findings of this paper are: the concept of “stakeholder inclusivity” is a common theme across all four the King Reports forming part of the review while, at the same time, having a unique flavour in each of the reports and visibly developing over the years. The reliance on human intervention and ethical leaders to appropriately and effectively steer the stakeholder-inclusive approach is obvious. In the absence of this, no corporate governance code will provide adequate safeguards to stakeholders against corporate failures and disasters, whether in South Africa or anywhere else. Originality/value This paper is a part of a special issue which looks at the contribution of the King Reports to governance globally.

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Corporate governance: the inputs to outcomes evolution

Journal of Global Responsibility ◽

10.1108/jgr-10-2019-0092 ◽

2020 ◽

Vol 11 (2) ◽

pp. 161-166

Author(s):

Linda de Beer

Keyword(s):

Corporate Governance ◽

Design Methodology ◽

Good Governance ◽

Historical Narrative ◽

Effective Control ◽

Ethical Culture ◽

Special Issue ◽

Fourth Edition ◽

Content Type ◽

Clear Shift

Purpose The purpose of this study is to demonstrate that there was a clear shift from the First King Report in 1994, which advocated an input approach to corporate governance, to the Fourth King Report in 2016 that proposed an outcomes-based approach to corporate governance. It will be demonstrated that there was a gradual shift from an “apply-or-explain” approach in the earlier editions of the King Reports, to an “apply-an-explain” approach in the fourth edition of the King Report. Design/methodology/approach Historical narrative and analysis. Findings The fourth King Report, published in 2016, encapsulates an evolution in corporate governance thinking where four good governance outcomes – ethical culture, good performance, effective control and legitimacy – are placed at the forefront of measuring governance, with governance principles and practices following from these outcomes. Originality/value This study is part of a special issue that looks at the contribution of the King Reports to governance globally.

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