scholarly journals Editorial: New challenges and opportunities in corporate governance

2018 ◽  
Vol 2 (2) ◽  
pp. 4-5 ◽  
Author(s):  
Nicola Cucari
Keyword(s):  
Corporate Governance ◽  
Organizational Behavior ◽  
Point Of View ◽  
Key Stakeholders ◽  
Governance Systems ◽  
Sustainable Value ◽  
Challenges And Opportunities ◽  
Governance Process ◽  
New Challenges ◽  
Governance Processes

Corporate governance is “one of the most interesting, exciting and potentially dangerous disciplines” (Clarke, 2014) and, moving through different eras, new challenges are faced (Kostyuk et al., 2017) and new theoretical and methodological answers are necessary (Ananchotikul et al., 2009; Bebchuk et al., 2009; Boubaker et al., 2014; Kostyuk, 2003; Kostyuk et al., 2016; Kostyuk et al., 2014; Meier et al., 2013; Colbert et al., 2007; Dorata et al., 2008). Thus, in line with the aim of “Corporate Governance and Organizational Behavior Review”, it is important to deal with the governance issues not just in a strict approach of theories, instruments and policies, but also from the point of view of how shareholders, managers, employees, directors and other key stakeholders are engaged in the governance process and how their behavior influences the governance processes. The question arises if the actual boards are able to create a sustainable value for all actors involved and for society. This editorial seeks to highlight some of the challenges and opportunities within corporate governance research to further contribute to the development of effective corporate governance systems.

scholarly journals Book review: “Corporate governance: New challenges and opportunities”

2018 ◽  
Vol 14 (1) ◽  
pp. 57-58
Author(s):  
Alessio M. Pacces ◽  
Laurent Germain ◽  
Áron Perényi
Keyword(s):  
Corporate Governance ◽  
Point Of View ◽  
Challenges And Opportunities ◽  
New Challenges

This review covers the book titled “CORPORATE GOVERNANCE: NEW CHALLENGES AND OPPORTUNITIES”, which was written by Alexander N. Kostyuk, Udo Braendle and Vincenzo Capizzi (Virtus Interpress, 2017, Hardcover, ISBN: 978-617-7309-00-9). The review shortly outlines the structure of the book, pays attention to it’s strong sides and issues that will be, by the reviewers’ point of view, most interesting for the reader.

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

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.

scholarly journals Vehicle Electrification: New Challenges and Opportunities for Smart Grids

Energies ◽  
2018 ◽  
Vol 12 (1) ◽  
pp. 118 ◽  
Author(s):  
Vitor Monteiro ◽  
Jose Afonso ◽  
Joao Ferreira ◽  
Joao Afonso
Keyword(s):  
Power Electronics ◽  
Smart Grids ◽  
New Technologies ◽  
Renewable Energy Sources ◽  
Grid Point ◽  
Electrical Power ◽  
Point Of View ◽  
Power Grids ◽  
Challenges And Opportunities ◽  
New Challenges

Nowadays, concerns about climate change have contributed significantly to changing the paradigm in the urban transportation sector towards vehicle electrification, where purely electric or hybrid vehicles are increasingly a new reality, supported by all major automotive brands. Nevertheless, new challenges are imposed on the current electrical power grids in terms of a synergistic, progressive, dynamic and stable integration of electric mobility. Besides the traditional unidirectional charging, more and more, the adoption of a bidirectional interconnection is expected to be a reality. In addition, whenever the vehicle is plugged-in, the on-board power electronics can also be used for other purposes, such as in the event of a power failure, regardless if the vehicle is in charging mode or not. Other new opportunities, from the electrical grid point of view, are even more relevant in the context of off-board power electronics systems, which can be enhanced with new features as, for example, compensation of power quality problems or interface with renewable energy sources. In this sense, this paper aims to present, in a comprehensive way, the new challenges and opportunities that smart grids are facing, including the new technologies in the vehicle electrification, towards a sustainable future. A theoretical analysis is also presented and supported by experimental validation based on developed laboratory prototypes.

The challenges of an integrated governance process in healthcare

2015 ◽  
Vol 20 (2) ◽  
pp. 74-81 ◽  
Author(s):  
Lori Delaney
Keyword(s):  
Service Delivery ◽  
Healthcare System ◽  
Service Provision ◽  
Design Methodology ◽  
Delivery Of Healthcare ◽  
Content Type ◽  
System Failures ◽  
Governance Systems ◽  
Governance Process ◽  
Governance Processes

Purpose – Dysfunctional governance processes have contributed to catastrophic healthcare system failures due to discordance between clinical and corporate governance processes. The emergence of an integrated governance approach endeavours to overcome the traditional boundaries between corporate and clinical governance systems, to enhance understanding and transparency in the organisations approach to service provision. The purpose of this paper is to discusses the attributes of an integrated governance approach and its contribution to enhancing service delivery. Design/methodology/approach – The paper provides an overview of the governance approaches and the emergence of integrated governance to improve overall service delivery. Findings – An integrated governance approach erodes the traditional boundaries that exist within the complex healthcare system. This allows for a greater understanding of healthcare strategies and organisational objectives, and the dissemination of these throughout the organisation. Further, enhancing awareness within the clinical setting of the core attributes of the organisation and for the upper echelons of management to have a greater understanding of the clinical issues. Integrated governance acknowledges the contribution of all stakeholders including consumers in safe guarding the delivery of healthcare and its standards. Originality/value – This paper contributes to the discussion and debate regarding governance approaches and how these are situated in enhancing organisational performance.

scholarly journals Corporate governance: Understanding important contingencies

2005 ◽  
Vol 2 (4) ◽  
pp. 41-50 ◽  
Author(s):  
Morten Huse
Keyword(s):  
Corporate Governance ◽  
Transition Economies ◽  
Board Members ◽  
Contextual Variables ◽  
Governance System ◽  
The Core ◽  
Governance Systems ◽  
Governance Process ◽  
External Actors ◽  
Made In

The objective of this paper is to explore important contingencies for boards and governance designs. The paper is made in a setting where governance in SMEs in transition economies is to be developed, and knowledge from advanced market economies constitutes the framework to be built on. The core of the paper is the presentation of six groups of important contextual variables that must be analyzed and understood when corporate governance systems shall be developed. The framework presented in the paper includes understanding the perspectives of both internal and external actors in the corporate governance process, and that the design of a governance system will include issues related the board working style as well as thee board members.

scholarly journals Book review: “Challenges and opportunities in Italian corporate governance”

2019 ◽  
Vol 15 (2) ◽  
pp. 56-58
Author(s):  
Udo Braendle ◽  
Alexander Kostyuk
Keyword(s):  
Corporate Governance ◽  
Point Of View ◽  
Challenges And Opportunities

his review covers the book titled “CHALLENGES AND OPPORTUNITIES IN ITALIAN CORPORATE GOVERNANCE”, which was written by Salvatore Esposito De Falco, Federico Alvino, Nicola Cucari, Luigi Lepore (Virtus Interpress, 2019; ISBN: 978-617-7309-07-8). The review shortly outlines the structure of the book, pays attention to its strong sides and issues that will be, by the reviewers’ point of view, most interesting for the reader.

scholarly journals Book review: “Challenges and opportunities in Italian corporate governance”

2019 ◽  
Vol 3 (2) ◽  
pp. 76-79 ◽  
Author(s):  
Eric Pichet
Keyword(s):  
Corporate Governance ◽  
Point Of View ◽  
Challenges And Opportunities

This review covers the book titled “CHALLENGES AND OPPORTUNITIES IN ITALIAN CORPORATE GOVERNANCE”, which was written by Salvatore Esposito De Falco, Federico Alvino, Nicola Cucari, Luigi Lepore (Virtus Interpress, 2019; ISBN: 978-617-7309-07-8). The review shortly outlines the structure of the book, pays attention to its strong sides and issues that will be, by the reviewer’s point of view, most interesting for the reader.

Bridging Accounting and Corporate Governance: New Avenues of Research

2021 ◽  
pp. 2180001
Author(s):  
Ruth V. Aguilera ◽  
Kurt Desender ◽  
Mónica López-Puertas Lamy
Keyword(s):  
Corporate Governance ◽  
Corporate Social Performance ◽  
Social Performance ◽  
Reporting Quality ◽  
Organizational Outcomes ◽  
Point Of View ◽  
Accounting Practice ◽  
National Differences ◽  
Governance Systems ◽  
Corporate Social

This paper draws on the articles in the Forum on Corporate Governance to discuss how corporate governance and accounting research complement each other well in explaining how companies are governed as well as properly managed from an accounting point of view. We put special attention to the cross-national differences in both corporate governance systems and accounting practice and how that affect multiple organizational outcomes ranging from financial performance to corporate social performance and reporting quality.

scholarly journals Corporate governance systems and sustainability: CSR as a factor of convergence between outsider and insider systems

2016 ◽  
Vol 14 (1) ◽  
pp. 139-150 ◽  
Author(s):  
Daniela M. Salvioni ◽  
Simona Franzoni ◽  
Francesca Gennari
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Internal Control ◽  
Capital Mobility ◽  
Social Risk ◽  
Governance Systems ◽  
Sustainable Value ◽  
Corporate Social ◽  
And Control

In an era of increasing capital mobility and globalisation, the growing integration of financial markets seems to be a key factor of corporate governance convergence. One of the most striking differences between corporate governance systems of different countries is the dissimilarity in the firms’ ownership and control that exists across countries. According to the degree of ownership and control, corporate governance systems can be distinguished in outsider systems (characterised by wide dispersed ownership) and insider systems (characterised by concentrated ownership). The transition from a governance approach founded on the shareholder view and oriented to the optimization of economic performance to a policy founded on the stakeholder view and oriented to the appreciation of the interdependence among economic, social and environmental responsibility, seems to be a factor of de facto convergence between outsider and insider systems of corporate governance. The main finding of this chapter is that the effective integration of CSR, sustainability and leadership makes easier the convergence between insider and outsider corporate governance systems. Leadership starts at board level. Corporate social responsibility (CSR) and sustainability require good corporate governance, grounded on stakeholder engagement, fairness, transparency and accountability. All these principles are related with more externally focused boards and determine a governance approach directed to the growth of sustainable value. In light of the above, this chapter will consider how the social responsibility and the role of the leaders (CEOs, Board of Directors, managers, etc.) can determine a governance approach directed to the growth of sustainable value over time. This is possible through the exploitation of opportunities and the economic and social risk management with which the companies should compete. The achievement of sustainability leadership requires significant changes in the operational guidelines and critical factors for company’s success and it imposes the improvement of the internal control systems intended to provide essential support for responsible governance. Therefore, leadership aiming at sustainability (regardless of the corporate governance system) requires CSR to be transferred from top management to the entire organisation, increasing the ability to manage complexity with respect to articulated goals. So, the corporate social responsibility, if properly realized, tends to be a factor of substantial convergence between the different existing systems of corporate governance.

Boardroom’s independence and corporate performance: the ever-elusive conundrum

2015 ◽  
Vol 15 (5) ◽  
pp. 747-758 ◽  
Author(s):  
Karim S. Rebeiz
Keyword(s):  
Corporate Governance ◽  
Organizational Behavior ◽  
Corporate Performance ◽  
Economic Value ◽  
Future Research ◽  
Archival Data ◽  
Content Type ◽  
Academic Literature ◽  
Challenges And Opportunities ◽  
Governance Challenges

Purpose – The purpose of this paper is to unravel the root causes as to why the boardroom independence–corporate performance linkage remains an elusive conundrum in the academic literature, and to propose practical recommendations for future research endeavors. Design/methodology/approach – The probing of the underlying issues is made via an extensive review of the existing literature. A thoughtful analysis is conducted from a multi-disciplinary perspective by soliciting feedback from academics with corporate governance expertise in finance, accounting, economy, strategy, management and organizational behavior. Findings – The lack of consensus on the economic value of an independent boardroom is attributed to three reasons. The first reason is ontological complexities inherent to the very nature of the corporation. The second reason is methodological complexities intrinsic to normative research with large archival data. The third reason is self-serving behavioral motive that cannot be factored in archival data. Research limitations/implications – The infusion of complementary methodologies to the existing empirical dogmatism would provide the framework for a better understanding of corporate governance challenges and opportunities, particularly as it relates to making causal inferences on boardroom independence and corporate performance. Practical implications – New insights on boardroom independence would directly influence corporate practices. Social implications – The determination as to what constitutes optimum boardroom configuration has emerged as an issue of considerable importance to shareholders, policymakers and other stakeholders. Originality/value – Virtually no studies have been conducted in a comprehensive and systematic manner addressing the fundamental question as to why research pertaining to boardroom independence–corporate performance has not yielded unequivocal results in the relevant academic literature, thus the originality and value of this research.

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