Corporate Governance in Contention

The Prime Ministers' Craft

10.1093/oso/9780199646203.001.0001 ◽

2018 ◽

Cited By ~ 2

Author(s):

Patrick Weller

Keyword(s):

Corporate Governance ◽

Social Enterprises ◽

Labour Relations ◽

Developed Economies ◽

Employee Representation ◽

Benefit Corporation ◽

Corporate Form ◽

Governance Systems ◽

Consumer Interests ◽

Corporate Reform

This book addresses major modern controversies in corporate governance, clarifying the issues at stake and assessing the arguments for corporate reform. The main focus is on governance of the large organizations that employ the majority of workforces in developed economies and which account for most of the finance and refinance of the private sector. Shareholder value and shareholder primacy are now under increasing scrutiny having previously been positioned as natural precepts of governance. The book joins that debate with a critique and also with suggestions for company reform that allow for plurality within jurisdictions: the trust firm, industrial foundations, social enterprises, the ‘benefit corporation’, restricted voting rights, employee representation etc. The book addresses several sets of controversies in corporate governance. Part 1 places the corporate form within the context of legal constitution and governmental regulation. The second set of chapters considers corporate governance systems and their role in innovation and adaptation. The chapters in part 3 discuss labour relations and worker involvement in the governance of companies. Part 4 widens the focus to consider effects external to the firm—on consumer interests and the environment. What these issues point to is that the modern corporation is not only an economic institution but also a cultural and political one, reflecting the firm’s role in civil society The overall theme is that the corporate governance agenda has been on the wrong track and needs to be fundamentally reset.

Download Full-text

Advances in Corporate Governance

10.1093/oso/9780198866367.001.0001 ◽

2020 ◽

Keyword(s):

Corporate Governance ◽

Large Scale ◽

Performance Monitoring ◽

Global Financial Crisis ◽

Social Enterprises ◽

Policy Makers ◽

Non Profit ◽

Public Corporations ◽

Governance Systems ◽

The Global Financial Crisis

The governance of the modern corporation is broadly understood as the mechanisms, relations, and processes for balancing the interests of stakeholders. It spells out the rules and procedures for decision-making, accountability and transparency, and distributional rights. Corporate governance thus provides the framework in which corporate objectives are set, the means of attaining them, the kind of performance monitoring required, and by whom. In the aftermath of the global financial crisis and large-scale corporate failures, the issue of corporate governance has repeatedly received the attention of policy-makers and the wider public. Extending the study of corporate governance beyond that of listed corporations sheds new light on the overall performance of corporations in market economies. These include small and medium-sized corporations, non-profit organisations and philanthropic foundations, public corporations and public–private partnerships, social enterprises and cooperatives, international organisations, and corporations in cyberspace. A decade after the massive failures in the governance of financial corporations, and with continued governance failures in other parts of the economy since then, this volume takes stock and asks: what has been the performance of corporate governance regimes, and have regulatory changes and corporate governance codes made a difference? What are the strengths and weaknesses of current corporate governance systems and codes? How do corporate forms differ in their governance performance, and what have been the experiences across countries? And, finally, what implications for understanding governance behaviour and for policy-makers and regulators come to mind?

Download Full-text

How National Corporate Governance Systems Affect Global Integration

SSRN Electronic Journal ◽

10.2139/ssrn.1284464 ◽

2004 ◽

Cited By ~ 2

Author(s):

Ruth V. Aguilera ◽

George S. Yip

Keyword(s):

Corporate Governance ◽

Global Integration ◽

Governance Systems

Download Full-text

Does the Application by Member States of the Commission Recommendations on Corporate Governance Issues Depend on the Diversity of Ownership Structures and Corporate Governance Systems?

SSRN Electronic Journal ◽

10.2139/ssrn.1320195 ◽

2008 ◽

Author(s):

Alessandra Zanardo

Keyword(s):

Corporate Governance ◽

Member States ◽

Ownership Structures ◽

Governance Systems

Download Full-text

Does Good Corporate Governance Include Employee Representation? Evidence from German Corporate Boards

SSRN Electronic Journal ◽

10.2139/ssrn.534422 ◽

2004 ◽

Cited By ~ 5

Author(s):

Larry Fauver ◽

Michael E. Fuerst

Keyword(s):

Corporate Governance ◽

Corporate Boards ◽

Employee Representation ◽

Good Corporate Governance

Download Full-text

Corporate governance and business ethics: Evidence from a sample of Algerian corporations

Corporate Governance and Organizational Behavior Review ◽

10.22495/cgobrv4i1p2 ◽

2020 ◽

Vol 4 (1) ◽

pp. 15-29

Author(s):

Nour El Houda Yahiaoui ◽

Abdelmadjid Ezzine

Keyword(s):

Corporate Governance ◽

Business Ethics ◽

Structural Model ◽

Structural Equations ◽

Path Modeling ◽

Senior Managers ◽

Corporate Scandals ◽

Governance Systems ◽

Sustainable Value ◽

Governance Practices

Corporate governance systems are developed to govern corporations, build trust and create sustainable value for all stakeholders. Paradoxically, in spite of massive efforts in developing governance systems, corporate scandals are persisting. Different studies have strongly recommended business ethics as a solution to this paradox. Thus, this study explores if business ethics supports corporate governance practices in a sample of Algerian corporations. The study used a mixed methodology; qualitative: since this subject is poorly addressed in the Algerian context that requires an exploratory study. Quantitative by developing a structural model demonstrating the relationship between business ethics and corporate governance, Data for the study were collected by means of a questionnaire distributed on an anonymous basis to corporations’ senior managers in Sidi Bel Abbes district. Treatment of collected data is done using two types of analysis: the structural equations modeling approach by using the PLS Path approach (PLS Path Modeling) and linear regression. The study finds out that business ethics leads to better levels of corporate governance and supports its practices; and the reason is mainly due to an implicit involuntary commitment to laws as a minimum required level of compliance, and that the protection of stakeholders’ rights are the most important corporate governance’s dimension affected by business ethics.

Download Full-text

THE STOCKHOLDER REVIEW COMMITTEE OF THE CHESAPEAKE AND OHIO CANAL COMPANY, 1828–1857: EVIDENCE OF CHANGES IN FINANCIAL REPORTING AND CORPORATE GOVERNANCE

Accounting Historians Journal ◽

10.2308/0148-4184.33.1.125 ◽

2006 ◽

Vol 33 (1) ◽

pp. 125-143 ◽

Cited By ~ 3

Author(s):

Robert W. Russ ◽

Gary J. Previts ◽

Edward N. Coffman

Keyword(s):

Corporate Governance ◽

19Th Century ◽

Financial Reporting ◽

Financial Management ◽

Governance Structure ◽

The Political ◽

Review Committee ◽

Corporate Governance Structure ◽

Corporate Form ◽

The 19Th Century

Canal companies were among the first enterprises to be organized in the corporate form and to require large amounts of capital. This paper examines the stockholder review committee of a 19th century corporation, the Chesapeake and Ohio Canal Company (C&O), and discusses how the C&O used this corporate governance structure to monitor and improve financial management and operations. A major strength was the concern and dedication of the stockholders to the company, while a major weakness was the political control exerted by the State of Maryland. The paper provides an historical perspective on corporate governance in the 19th century. This research contributes to the literature by providing detailed workings and practices of a stockholder review committee. The paper documents corporate governance efforts in archival sources that provide an early example of accountability required in a corporate charter and the manner in which the stockholders carried out this responsibility.

Download Full-text