scholarly journals Aligning Information Technology Within The Framework Of Corporate Governance To Increase Corporate Value In Mexico

2011 ◽  
Vol 14 (2) ◽  
Author(s):  
Carlos Fernando Estrada
Keyword(s):  
Corporate Governance ◽  
Information Needs ◽  
Information Technologies ◽  
Business Processes ◽  
Business Strategies ◽  
Board Members ◽  
Corporate Boards ◽  
Corporate Board ◽  
Public And Private ◽  
Stakeholder Interests

This research focuses on the potential benefits of aligning corporate Information Technologies (IT) with the information needs of Board members to provide pertinent and timely information under good Corporate Governance (CG) practices.  The recent near collapse of some major corporations evidences poor regulatory supervision by all parties, both public and private.  An abundance of regulations notwithstanding, stakeholder interests (both internal and external) have not been protected or served by many corporate boards.  Many shareholders have virtually lost their capital, workers have been unemployed, and government and taxpayers have had to foot steep bills.   Well informed Board members should, in theory, make decisions that benefit their stakeholders and society as well.  Thus, corporate board members should focus on IT as a key resource and ally in monitoring their business strategies and operations. IT permeates throughout business processes and across functional areas in most businesses, so if IT reporting is aligned with corporate governance objectives as well as operational objectives, it has the potential to aid greatly in governance.  An important consideration of course, is what information is provide, and how the Board utilizes it for the stakeholders' benefit.

Gendering Corporate Boards and Conditional Effectiveness of Board Processes: Insights from a Sub-Saharan African Country

2021 ◽  
pp. 097215092110362
Author(s):  
Obi Berko O. Damoah ◽  
Yvonne Ayerki Lamptey ◽  
Alex Anlesinya ◽  
Barbara Naa Amanuah Tetteh
Keyword(s):  
Corporate Governance ◽  
African Country ◽  
Board Members ◽  
Corporate Boards ◽  
Corporate Board ◽  
Board Processes ◽  
Board Directors ◽  
Women On Corporate Boards ◽  
Sub Saharan ◽  
Board Level

This study explored how and when female board members make effective contribution to board processes in a sub-Saharan African country (Ghana), a context characterized by low female representation on corporate boards, but highly under-researched with respect to the gender and corporate governance literature. The study is based on interview data from 25 female board directors in Ghana. The results show that women on corporate boards contribute to effective board processes and outcomes when their proposed ideas during board meetings are accepted by other board members, implemented by management and impact positively on organizational outcomes such as enhanced financial, product and staff outcomes. These effective contributions of female board directors to corporate board processes can further be enhanced by suitable female directors’ personal-level conditions such as their human capital (advanced degree and professional qualification, and past board membership experience) and family support (supportive husbands, and having grown up children), as well as board-level conditions like occupying chairperson/leadership position on the board or committees, and regular attendance at board meetings. Consequently, this research study contributed to the gender and corporate governance literature by providing new evidence from under-researched geographical context on how women on corporate boards contribute to effective board processes. It further highlights personal and board-level conditions that are necessary for greater contributions of female directors to corporate board processes and outcomes in male-dominated societies and boards.

scholarly journals Implementing the board of directors’ mechanism – An empirical study of the listed firms in Libya

2018 ◽  
Vol 14 (1) ◽  
pp. 22-33 ◽  
Author(s):  
Jill Atkins ◽  
Mohamed Zakari ◽  
Ismail Elshahoubi
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Boards Of Directors ◽  
Listed Companies ◽  
Board Members ◽  
Corporate Boards ◽  
Listed Firms ◽  
Stakeholder Groups ◽  
The Board Of Directors ◽  
Executive Managers

This paper aims to investigate the extent to which board of directors’ mechanism is implemented in Libyan listed companies. This includes a consideration of composition, duties and responsibilities of the board directors. This study employed a questionnaire survey to collect required data from four key stakeholder groups: Boards of Directors (BD), Executive Managers (EM), Regulators and External Auditors (RE) and Other Stakeholders (OS). The results of this study provided evidence that Libyan listed companies generally comply with the Libyan Corporate Governance Code (LCGC) requirements regarding the board composition: the findings assert that most boards have between three and eleven members, the majority of whom are non-executives and at least two or one-third of whom (whichever is greater) are independent. Moreover, the results indicate that general assemblies in Libyan listed companies are practically committed to the LCGC’s requirements regarding the appointment of board members and their length of tenure. The findings provide evidence that boards in Libyan listed companies are carrying out their duties and responsibilities in accordance with internal regulations and laws, as well as the stipulations of the LCGC (2007). Furthermore, the stakeholder groups were broadly satisfied that board members are devoting sufficient time and effort to discharge these duties and responsibilities properly. This study helps to enrich our understanding and knowledge of the current practice of corporate boards as a significant mechanism of corporate governance (CG) by being the first to address the board of directors’ mechanism in Libyan listed companies.

Bunch: a channel-oriented business network modelling approach

2014 ◽  
Vol 20 (3) ◽  
pp. 455-479 ◽  
Author(s):  
Christopher Durugbo
Keyword(s):  
Information Technologies ◽  
Business Processes ◽  
Network Models ◽  
Network Evolution ◽  
Process Models ◽  
Business Strategies ◽  
Business Networks ◽  
Business Network ◽  
Network Modelling ◽  
Content Type

Purpose – The purpose of this paper is to evaluate the benefits of using the business network channel (Bunch) approach for modelling business networks and studying the business network evolution. Business network models put the structures of process models into context by visualising roles and communication channels for social interactions. Design/methodology/approach – The research applies a case study-based approach involving the creation of business network visualisations to capture snapshots of an industrial firm's business network over a three-year period. A questionnaire-based study was also conducted with 18 key informants to evaluate the Bunch approach against existing business network modelling techniques. Findings – This study shows that when business networks – as opposed to business processes – are diagrammatically modelled, patterns of relations between individuals can also be visualised and factored into how information systems are (re)designed and deployed. The study also finds that as business networks evolve, the ability to offer complementary channels of communication and coordinate business/technological information is vital to how upturns in process times improves overall business effectiveness and efficiency. Originality/value – The major contribution of this paper is an exposition on how the Bunch approach could serve as a pedagogical tool for gaining clarity on their roles and links within the business and as an analytical tool for studying the evolution of business networks in relation to roles, links, information technologies, business strategies and business network anomalies.

scholarly journals COVID-19 and Corporate Governance Performance: Beyond the Financial Metrics

2021 ◽  
Author(s):  
Ifeanyi Onuka Onwuka
Keyword(s):  
Corporate Governance ◽  
Environmental Sustainability ◽  
Economic Value ◽  
Corporate Boards ◽  
Corporate Board ◽  
Return On Equity ◽  
Analytical Technique ◽  
Ex Post ◽  
Financial Metrics ◽  
Post Measure

Corporate governance and, more broadly, the performance of corporate boards have traditionally been measured using financial metrics. These financial metrics such as Return on Investment (ROI), Return on Assets (ROA), Return on Equity (ROE), Earnings and Profitability Ratio (E and P) are ex post measure of organizations performance arising from corporate board activities. These financial metrics are largely one-dimensional measure of corporate performance and do not fully account for the other dimensions of organization responsibilities. The COVID-19 and the changing organizational dynamics have made the case for corporate board’s performance to be assessed beyond the usual financial metrics. In this study, we provide a framework that accounts for the various dimensions of organization activities: finance, social and environmental, the Triple-Bottom (TBL) approach. A TBL-compliance metric was constructed, which tracked the performance of selected manufacturing firms in Nigeria using a content analytical technique. The result showed that the majority of the firms performed remarkably well in areas of profitability and economic value creation but less satisfactorily in areas of social and environmental sustainability. On aggregate, the sampled firms committed less than 1% of their profit after tax on corporate social responsibility, while less than 5% of the sampled firms scored above average on the TBL-adoption matrix.

scholarly journals Corporate Governance Code and Corporate Governance Implications for Business: A Critique of Nigeria’s 2016 and 2018 Codes

2019 ◽  
Vol 22 (1) ◽  
pp. 77-96
Author(s):  
S. E. Ojogbo ◽  
T. C. Nwano
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Corporate Boards ◽  
Corporate Accountability ◽  
Corporate Board ◽  
Minority Shareholders ◽  
Corporate Governance Code ◽  
Good Corporate Governance ◽  
Corporate Governance Codes ◽  
Code Of Corporate Governance

Corporate governance is the system by which companies are directed and controlled. Board of directors are responsible for the governance of a Nigerian company. However, the shareholders of a Nigeria company have power of oversight over the board. This power is exercised by a majority of shareholders. It is this separation of ownership and control that makes good corporate governance imperative to protect shareholders against corporate board misbehaviour, as well as to protect minority shareholders against the opportunism of corporate insiders (board of directors and majority shareholders). Even though corporate law is the primary legislation that regulates the corporation, corporate governance codes have become important corporate governance standards that helps to guide the board and promote effective managerial engagement with shareholders to promote corporate accountability. The Financial Reporting Council of Nigeria (FRCN) issued two corporate governance codes in two years - the National Code of Corporate Governance 2016 and the Nigerian Code of Corporate Governance 2018. This shows a clear intention to promote good corporate governance in the country. This essay identifies the peculiar corporate governance challenges in Nigeria, and reviews the two corporate governance codes to show how they address the peculiar challenges. The paper undertakes a criticism of the 2018 and compares to the 2016 Code and corporate governance regulations in other regulations. This criticism highlights the weaknesses in the code and the need for a review. The essay thus suggests a review of the 2018 to provide for Independent Non-Executive Directors dedicated to the interest of minority shareholders as an important first step towards providing access to corporate boards for minority shareholders, as a strategy for promoting corporate accountability. The paper concludes that since the very essence of a corporate governance code is to promote good corporate governance and accountability, any corporate governance Code for Nigeria must address the peculiarity of the Nigerian corporate environment for it to be able to achieve this purpose.

scholarly journals Integration of Public and Private Aspects in Business Models 4.0 of the Tourism Market

2020 ◽  
Author(s):  
Snezhana Ramsina ◽  
Keyword(s):  
Customer Value ◽  
Business Models ◽  
Business Processes ◽  
Business Strategies ◽  
Public And Private ◽  
The Public ◽  
Travel Industry ◽  
Tourism And Hospitality ◽  
Smart Technologies ◽  
Private Individual

The current digital opportunities that have spawned the upgrade of the business versions of tourism and hospitality have been actualised due to the hard-to-predict pandemic nature of the COVID-19 coronavirus threat and travel bans. In Business Model 4.0. the usual forms of the relationship between the public (institutional) and the private, individual in tourism and hospitality are transformed. Research objective: to characterise the integration capabilities of automated (AI-based) travel industry business processes that personalise the tourism offers to the needs and preferences of travel lers and guests. The value-based marketing 4.0 approach, supplemented by structural, network and functional approaches to the analysis of the structure, multi-level, dynamics of commercial opportunities, consumer value of business models of organisation and the implementation of tourism products, allowed the integration possibilities of Internet services in satisfying individualised consumer demands to be satisfied. Soft culture blurs the boundaries between the public and the personal, making actors’ informational behaviour transparent, transforming existing business strategies, and giving rise to ‘mass individuality’ in tourism and hospitality. The forms of correlation between the public (group, communal) and the private, individual in the practice of tourist services at all stages of a tourist trip or guest visits to HoReCa enterprises change under the influence of BigData technologies regarding operational processes; modelling and forecasting strategies; horizontal and vertical integration. The marketplace is won by those who practise personalisation, customisation and marketing authenticity of the market offer distributed on the P2P network. The basis of a stable competitive advantage of a company able to create a unique customer value in the tourism and hospitality market is represented by predictive or prognostic analytics of big data and smart technologies.

scholarly journals USE OF INFORMATION SYSTEM TOOLS FOR AUTOMATION OF BUSINESS PROCESSES OF THE ENTERPRISE

2021 ◽  
pp. 90-97
Author(s):  
Lyudmila Dolgova ◽  
Halyna Yamnenko
Keyword(s):  
Information Systems ◽  
Information And Communication Technologies ◽  
Operations Management ◽  
Information Needs ◽  
Information Technologies ◽  
Business Processes ◽  
Enterprise Management ◽  
Advantages And Disadvantages ◽  
Analysis And Synthesis ◽  
Definition Of Information

Introduction. Information systems play an important role in increasing the efficiency of enterprises and supply chains, which is associated with their stability. Information systems are focused on "integration of information technology solutions and business processes to satisfy the information needs of enterprises. Information systems are not only formed by the combination of information and communication technologies, but also the way people interact with these technologies to support business processes. In this sense, well-functioning information systems are particular types of working systems in which people or machines perform processes and activities that use resources to produce specific products or services for consumers. Information systems for business operations management are a pyramid of systems that integrate transaction processing systems at the bottom to management systems, decision support systems, and executive systems at the top, and support decision making at each part of the supply chain. Purpose. To study the features of the use of information systems tools for automation of business processes of the enterprise, highlighting the advantages and disadvantages of their application. Method. During the research, taking into account the purpose and objectives, general scientific and specific research methods were used. Among them: the method of scientific abstraction – in the systematization of the theoretical foundations of the use of information systems in enterprises, the method of system-structural analysis – in determining the features of information systems used to automate business processes; method of logical generalization – in the study of problems of application of information systems in enterprises; method of analysis and synthesis. Results. The importance of application of information technologies at automation of business processes of the enterprise is investigated in the article. The definition of information technologies is given. The list of advantages of use of information technologies in enterprise management is defined. Examples of programs used in the field of relationships with partners are given. Practical relevance. Due to the growing attention to the stable development of enterprises, the study aims to understand the role that information systems play in the automation of business processes. The potential of information systems for increasing the capacity to make management decisions and increasing productivity through the implementation of systems of corporate resources is important.

Banks on Board: German and American Corporate Governance, 1870–1914

2010 ◽  
Vol 84 (4) ◽  
pp. 703-736 ◽  
Author(s):  
Jeffrey Fear ◽  
Christopher Kobrak
Keyword(s):  
Corporate Governance ◽  
Foreign Investment ◽  
Stock Exchange ◽  
Agency Problems ◽  
The United States ◽  
Investment Banks ◽  
Board Members ◽  
Corporate Boards ◽  
Control Speculation

This examination of the foundations of German and American corporate governance highlights the role of money-centered banks, both as board members in large corporations and as intermediaries on the stock exchange. German banks, by acting as surrogate regulators, became institutional stabilizers, and German regulators encouraged banks to participate in corporate boards in order to overcome agency problems in firms and to control speculation. American investment banks, prior to 1914, often managed to overcome regulatory obstacles, which enabled them to wield more power over corporations than their legendary German counterparts. American banks had more opportunities to intervene in the event of panics, bankruptcies, foreign investment, and corporate consolidation. In contrast to Germany, the United States increasingly imposed regulations that circumscribed the supervisory role of banks as board members.

MAKING SENSE OF RISK MANAGEMENT AS A (DIS)COMFORT-INDUCING PRACTICE

2020 ◽  
Author(s):  
Yves Gendron ◽  
Anna Samsonova-Taddei ◽  
Henri Guénin
Keyword(s):  
Risk Management ◽  
Theoretical Perspective ◽  
Board Members ◽  
Corporate Boards ◽  
Corporate Board ◽  
Management Consultants ◽  
Making Sense ◽  
Risk Oversight

This study aims to enhance our understanding of the practice of risk management, and specifically how corporate boards fulfill their responsibilities regarding risk oversight. We draw on a theoretical perspective centered on (dis)comfort and 25 interviews with corporate board members and risk management consultants in Canada to present a view of risk management as a set of activities characterized by tension between actions that engender the feeling of discomfort, and a quest for comfort and reassurance. Our findings provide insights that show how, alongside the functionalist underpinnings, comfort-seeking represents a pervasive imperative that profoundly shapes risk management in action.

scholarly journals A Female Style in Corporate Leadership? Evidence from Quotas

2013 ◽  
Vol 5 (3) ◽  
pp. 136-169 ◽  
Author(s):  
David A Matsa ◽  
Amalia R Miller
Keyword(s):  
Corporate Strategy ◽  
Board Members ◽  
Gender Quotas ◽  
Corporate Board ◽  
Labor Costs ◽  
Corporate Leadership ◽  
Public And Private ◽  
Corporate Decisions ◽  
Workforce Reductions ◽  
The Impact

This paper studies the impact of gender quotas for corporate board seats on corporate decisions. We examine the introduction of Norway's 2006 quota, comparing affected firms to other Nordic companies, public and private, that are unaffected by the rule. We find that affected firms undertake fewer workforce reductions than comparison firms, increasing relative labor costs and employment levels and reducing short-term profits. The effects are strongest among firms without female board members beforehand and are present even for boards with older and more experienced members afterward. The boards appear to be affecting corporate strategy in part by selecting like-minded executives. (JEL G34, J16, J78, M12, M51)

Sign in / Sign up

Export Citation Format

Share Document