Corporate Governance And Sustainability In Italian Large-Scale Retail Companies

The growing complexity of today’s business systems due to the economic globalization has led to a substantial modification of current corporate governance principles and approaches. In particular, the application of good corporate governance principles has increasingly required a clear focus on sustainability, which minimizes risks and, at the same time, ensures a positive outlook for the future of the company itself. Through the analysis of corporate governance systems, this study deepens the link between corporate governance and sustainability in retail companies, with particular emphasis on the Italian grocery retail system. The study highlights that innovation and process efficiency, promoted and implemented by a governance that values fairness and transparency, allow retail companies to obtain consensus and resources, thereby triggering a virtuous circle of sustainable business development.

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Managerial competency in complex business systems: Outcomes standardization and organizational learning process quality in a large-scale domestic company

Tehnika ◽

10.5937/tehnika2003411d ◽

2020 ◽

Vol 75 (4) ◽

pp. 411-417

Author(s):

Dragana Đergović ◽

Lazo Kukobat ◽

Aleksandar Jovičić

Keyword(s):

Organizational Learning ◽

Learning Process ◽

Large Scale ◽

Business Environment ◽

Business Systems ◽

Sustainable Business ◽

Organizational System ◽

Learning Programs ◽

Domestic Company ◽

Managerial Competency

Staff competency, as the only distingent factor in a working process in an organization, is in a base of a successful and sustainable business. Managerial competency, especially in complex business systems, is even more significant. Competency requirements result of both the international management systems standards and the modern business environment conditions. Meeting these requirements require the implementation of a planned and systematic process of organizational learning. A well-designed procedure for selection, acquisition and managerial competency development, available resources for human resource investment and well-chosen topics in different educational and training programs are required, but not sufficient to reach wanted effects in the organizational system. Results of the empirical research on a case study of a large-scale domestic company with international business activities show a positive experience of standardizing the organizational learning programs outcomes to meet organizational and individual interests. Standard competencies, learning programs goals and anticipated effects of manager trainings represent the company's expectations and defined obligations and responsibilities for all actors in the organizational learning process toward achieving learning and business quality goals. Some of them are highlighted in this paper.

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ECONOMIC INDONESIA GOOD CORPORATE GOVERNANCE

10.31219/osf.io/p9t34 ◽

2021 ◽

Author(s):

Fidelia Rahayu Kencanasari

Keyword(s):

Corporate Governance ◽

Information Disclosure ◽

Added Value ◽

Cultural Value ◽

Business Success ◽

Sustainable Business ◽

Audit System ◽

Company Value ◽

Good Corporate Governance ◽

The Relationship

The condition of the world economy in 2018 tended to be sluggish and unbalanced and was followed by uncertainty in world finances which were still high. The disturbance is expected to occur until now (2020). Indonesian business people are urged to continue to make reforms, innovations and create diversification in order to survive in the market. The implementation of quality Good Corporate Governance (GCG) enables the creation of added value for stakeholders, and in turn will create sustainable business success (Effendi 2009). Basically, GCG is a set of rules that govern, manage and oversee the relationship between company managers and stakeholders in the company in an effort to increase company value and market valuation.The implementation of GCG in companies is proven to be able to increase company value, market value, cultural value, information disclosure, audit system effectiveness, and risk control. Maximization of benefits can be obtained if governance runs well and is always in line with compliance and conformity to ethics and norms.

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The OECD principles of corporate governance

Contaduría y Administración ◽

10.22201/fca.24488410e.2005.562 ◽

2005 ◽

Cited By ~ 31

Author(s):

OCDE OECD

Keyword(s):

Corporate Governance ◽

Financial Market ◽

Economic Efficiency ◽

General Public ◽

Financial Stability ◽

Corporate Scandals ◽

Good Corporate Governance ◽

Governance Systems ◽

Oecd Principles ◽

The Relationship

<p>The integrity of businesses and markets is central to the vitality and stability of our economies. So good corporate governance - the rules and practices that govern the relationship between the managers and shareholders of corporations, as well as stakeholders like employees and creditors - contributes to growth and financial stability by underpinning market confidence, financial market integrity and economic efficiency. Recent corporate scandals have focussed the minds of governments, regulators, companies, investors and the general public on weaknesses in corporate governance systems and the need to address this issue.</p>

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Comparing corporate governance codes in Germany and Eastern Europe – An analysis of different corporate governance characteristics

Corporate Ownership and Control ◽

10.22495/cocv14i3c1art2 ◽

2017 ◽

Vol 14 (3) ◽

pp. 170-179 ◽

Cited By ~ 2

Author(s):

Marc Eulerich ◽

Carolin van Uum ◽

Sarah Zipfel

Keyword(s):

Corporate Governance ◽

Eastern European ◽

Good Corporate Governance ◽

Accounting Scandals ◽

Governance Systems ◽

National Characteristics ◽

Tier System ◽

Corporate Governance Codes ◽

Eastern European Countries ◽

The Individual

A series of accounting scandals and company failures led to a loss of trust by investors in an organization’s management, which triggered extensive debates regarding Corporate Governance. Eastern European countries require additional regulatory actions due to the privatization programs as a result of the transformation from the planned to market economy. The different corporate governance systems of the individual countries in terms of the monistic one-tier or the dualistic two-tier system resulted in distinctive contents of the corporate governance codes. Despite the differences, all codes have a common objective: to strengthen the confidence of investors through good corporate governance. The objective of this paper is to evaluate the similarities and differences of the Corporate Governance Codes (CGC) in various Central and Eastern European (CEE) countries. To do so, the CGCs of Romania, Slovakia, Slovenia, Hungary and Poland are illustrated and compared to the German Corporate Governance Code. On the basis of a broad theoretical model, the national characteristics of the CEE countries are linked to the respective code and the central components are evaluated in detail.

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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?

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The Governance of State-Owned Enterprises in Africa: an analysis of selected cases

Journal of Economics and Behavioral Studies ◽

10.22610/jebs.v12i2(j).2992 ◽

2020 ◽

Vol 12 (2(J)) ◽

pp. 9-16

Author(s):

Misheck Mutize ◽

Ejigayhu Tefera

Keyword(s):

Corporate Governance ◽

Central Government ◽

Good Governance ◽

Stock Exchanges ◽

African Countries ◽

Good Corporate Governance ◽

Governance Systems ◽

Scientific Analysis ◽

Governance Challenges ◽

Effective Cost

Whilst some literature is of the view that; it is nearly impossible to cultivate good corporate governance culture in state-owned enterprises (SOEs), others believe that new strategies of implementing corporate governance systems together with political will can deliver SOEs out of their efficiency doldrums. This paper presents a scientific analysis of the contentious view on the possibility of creating efficient governance mechanisms in SOEs, explores the effective cost for governance failures in SOEs in Kenya, Zimbabwe, South Africa and Ethiopia. The paper makes conclusions and recommendation that the determinant factor to the success of SOEs in African countries is underpinned on the response of central government to the challenges of SOEs. Structural reforms, good governance, clear objectives and efficiency requires governments to take a decisive position. As a lasting remedial action, knowing which entities and when to offload them through privatisation, is an option in addressing the governance challenges in African SOEs. For strategic SOEs, the paper recommends that governments should consider listing them on public stock exchanges.

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Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Dengan Variabel Intervening Profitabilitas

Kajian Bisnis STIE Widya Wiwaha ◽

10.32477/jkb.v25i1.228 ◽

2017 ◽

Vol 25 (1) ◽

pp. 13-39

Author(s):

Achmad Tjahjono ◽

Siti Chaeriyah

Keyword(s):

Corporate Governance ◽

Path Analysis ◽

Executive Director ◽

Audit Committee ◽

Positive Impact ◽

Institutional Ownership ◽

Analysis Tool ◽

Manufacturing Companies ◽

Company Value ◽

Good Corporate Governance

The Company was founded with the goal of increasing the value of the company as well as to provide prosperity for the owners or shareholders. Good Corporate Governance and profitability is an effort to enhance company value. This study aims to determine the influence of good corporate governance to company value with profitability as intervening variable. The population of this research is manufacturing companies listed in Indonesia Stock Exchange in 2010 - 2014. The sample is taken by using purposive sampling method. Under this method, as many as 123 companies were obtained. The analysis tool to test the hypothesis is path analysis with AMOS software version 21. Data analysis method is descriptive analysis, path analysis, and sobeltest. The results of this study indicate that managerial ownership, the audit committee and the profitability have positive impact toward the of the company value, institutional ownership has positive impact but not significant, non-executive director with negative effect tendency on the company value. The results of this study also showed that profitability cannot mediate the effect of good corporate governance mechanisms on company value. It can be suggested to replace the intervening variable with other variables such as quality of earnings instead of profitability since it is declined as an intervening variable. non-executive director and institutional ownership does not contribute any positive and significant effect on company value and profitability. The following research can use another proxy in the measurement process and consider other theories that could explain comprehensively.

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Penerapan Good Corporate Governance Pada Nazhir Tunai Yang Terdaftar Di Badan Wakaf Indonesia Studi Kasus Di Tabung Wakaf Indonesia Dan YPI Wakaf AL Azhar

Liquidity ◽

10.32546/lq.v5i2.50 ◽

2018 ◽

Vol 5 (2) ◽

pp. 95-105

Author(s):

Dede Dahlan

Keyword(s):

Corporate Governance ◽

Likert Scale ◽

Money Management ◽

Analysis Method ◽

Purposive Sampling ◽

Good Corporate Governance ◽

Management Institutions

There are many understanding of society, that cash waqf it should not be legal. So is the trust factor of people's money management institutions waqf (Nazhir) is still a constraint. Research conducted in Tabung Wakaf Indonesia (TWI) and Wakaf Al Azhar this analysis method, namely the principles of Good Corporate Governance (GCG). Here researchers using purposive sampling, followed by giving a score using the Likert Scale. To determine whether the data obtained in the field is valid or not, the researchers used a method tri angular source. The results of the assessment of GCG in TWI and Wakaf Al-Azhar obtain a total score of at Tabung Wakaf Indonesia amounting to 3.15. Then the bias is said that the implementation of GCG at TWI and Wakaf Al-Azhar declared "GOOD ENOUGH". While the results of the evaluation tri angular mention, that the data obtained from the results of research in the field both TWI and in Wakaf Al-Azhar, when compared with the corporate governance principles can be declared invalid according to the KNKG.

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Pengaruh Kinerja Keuangan dan Good Corporate Governance (GCG) Terhadap Nilai Perusahaan

MBIA ◽

10.33557/mbia.v17i2.317 ◽

2019 ◽

Vol 17 (2) ◽

pp. 1-10

Author(s):

Rolia Wahasusmiah

Keyword(s):

Corporate Governance ◽

Firm Value ◽

Sampling Method ◽

Total Population ◽

Annual Report ◽

Stock Exchange ◽

Secondary Data ◽

Positive Influence ◽

Manufacturing Companies ◽

Good Corporate Governance

This study aims to determine the effect of financial performance and good corporate governance (GCG) on the value of companies in manufacturing companies listed on the stock exchange Indonesia. The type of data used is secondary data in the form of annual report 2016. Population used in this study are all companies listed on the Indonesia Stock Exchange (BEI). This research uses purposive sampling method with total population of 144 companies and sample of 31 companies. The results show that simultaneously ROA, OPM, NPM, KM, and KI have a positive influence on firm value. While partially ROA have a positive influence on firm value. While OPM, NPM, KM, and KI have no positive influence on firm value).

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