On a Stakeholder Model of Corporate Governance

2020 ◽  
Author(s):  
Jonathan M. Karpoff
Keyword(s):  
Corporate Governance ◽  
Stakeholder Model

scholarly journals Corporate governance in Poland

2009 ◽  
Vol 7 (2) ◽  
pp. 387-394 ◽  
Author(s):  
Tom Mortimer
Keyword(s):  
Corporate Governance ◽  
Future Development ◽  
Traditional Approach ◽  
Hybrid Approach ◽  
The State ◽  
The Future ◽  
Stakeholder Model ◽  
State Models

This article considers the traditional approach to the ’state’ Models of corporate governance, namely shareholder Model and stakeholder Model. It then considers the extent to which developments in a recent accession EU country, Poland, reflects either of these Models or adopts a hybrid approach. It then offers proposals for the future development of corporate governance within Poland.

Divergence or convergence: paradoxes in corporate governance?

2015 ◽  
Vol 15 (5) ◽  
pp. 693-705 ◽  
Author(s):  
Palka Chhillar ◽  
Ramana Venkata Lellapalli
Keyword(s):  
Corporate Governance ◽  
Emerging Economies ◽  
Governance Mechanisms ◽  
Governance System ◽  
Cultural Economic ◽  
Content Type ◽  
German Model ◽  
The Usa ◽  
Stakeholder Model ◽  
The Uk

Purpose – This review paper aims to compare the various dimensions in the finance literature pertaining to the Anglo-Saxon Model (Stockholder Model) prevalent in the USA and the UK with the German Model (Stakeholder Model) of corporate governance prevalent in Germany and continental Europe. The present study identifies different strands of research on the various dimensions of these models, along with aspects of governance in emerging economies and the phenomenon of the convergence of these governance mechanisms. Design/methodology/approach – The literature review on corporate governance models has been carried out on the themes of internal and external governance mechanisms. The review considers agency theory along with principal–principal (PP) conflicts as the fundamental blocks explaining the need for governance structures. Findings – The traditional models of governance, along with the incorporation of PP conflicts, will result in a hybrid model inculcating the best of both the traditional models. However, convergence in the true sense may not be possible owing to fundamental differences pertaining to cultural, economic, legal and socio-economic aspects of the firm. Originality/value – This paper proposes a framework incorporating the interplay of managerial talent and controlling shareholders to understand the governance system that may be applicable for firms in emerging economies.

scholarly journals A review of the two main competing models of corporate governance: the shareholdership model versus the stakeholdership model

2007 ◽  
Vol 5 (1) ◽  
pp. 9-23 ◽  
Author(s):  
Tony Ikechukwu Nwanji ◽  
Kerry E. Howell
Keyword(s):  
Corporate Governance ◽  
Shareholder Wealth ◽  
American System ◽  
Stakeholder Groups ◽  
Stakeholder Model ◽  
Competing Models ◽  
Anglo American ◽  
Model Versus ◽  
The Impact

This paper reviews the impact of the shareholdership and stakeholdership models in guiding managers through the most appropriate way of delivering business objectives. The shareholder model is the traditional Anglo-American system of corporate governance, which focuses on the maximisation of shareholder wealth, while the stakeholder model is considered to be exemplified by the German system of corporate governance and focuses on meeting the needs and expectations of a wider range of stakeholder groups. The results from this study indicate that a combination of both models could enable management to deliver the needs of stakeholders groups, while in the long term maximizing wealth for the shareholders

Corporate governance: on the crossroads of meta-regulation and social responsibility

2020 ◽  
Vol 27 (3) ◽  
pp. 801-820
Author(s):  
Tareq Na'el Al-Tawil ◽  
Hassan Younies
Keyword(s):  
Corporate Governance ◽  
Social Responsibility ◽  
Moral Agency ◽  
Government Regulation ◽  
Self Regulation ◽  
Content Type ◽  
Positive Attitudes ◽  
The Usa ◽  
Stakeholder Model ◽  
The Uk

Purpose The purpose of this paper is to discuss incongruities in the corporate entity over the matter of agency. In lieu of the traditional notion of moral agency theory, the stakeholder model offers congruent grounding to corporate governance. Socially irresponsible or unethical corporate activities are perceived to increase expenses, diminish shareholder value and tarnish business reputations. In contrast, socially responsible corporate practices contribute to positive attitudes to the company and contribute to the creation of competitive advantage. Design/methodology/approach This paper follows the ongoing evolution of the regulatory changes instituted after the scandalous corporate fiascos of the present century, such as those of Enron and WorldCom in the USA, Polly Peck in the UK, HIH Insurance and One.Tel in Australia, and Siemens in Germany, inter alia. The exposition also touches on the regulatory metamorphosis of corporate governance in its convergence towards “meta-regulation” with corporate social responsibility at the core. Findings While meta-regulation has so far worked in many countries, caution is expressed over the perils of over-reliance on a meta-regulatory approach. Industries or market sectors should also attempt to operate from the start within the confines of self-regulation and government regulation. Market sectors and industries need to find the framework of regulation that is best suited to their operations. Originality/value The paper concludes by discussing the observed challenges and implications of such convergence, as well as future directions for law practitioners, academics and researchers in the realm of corporate conduct.

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