scholarly journals Corporate governance - a subject whose time has come

2005 ◽  
Vol 2 (2) ◽  
pp. 11-19 ◽  
Author(s):  
Bob Tricker
Keyword(s):  
Corporate Governance ◽  
Strategic Alliance ◽  
Present Theory ◽  
Business Environment ◽  
Global Business ◽  
Legal Concept ◽  
Corporate Entity ◽  
Effective Performance ◽  
Modern Business ◽  
Board Level

The metamorphous of corporate governance has yet to occur. Present practice is still rooted in a nineteenth century legal concept that is totally inadequate in the emerging global business environment. Present theory is even less capable of explaining coherently the way that modern business is governed. What is needed is a vibrant alternative way to ensure that power is exercised, over every type and form of corporate entity and strategic alliance around the world, in a way that ensures both effective performance and appropriate social accountability and responsibility. Unfortunately, the most likely driver of further rigorous development in corporate governance is likely to be the next round of alleged board level excesses and corporate collapses, whatever the causes.

scholarly journals Role of Corporate Governance in Attracting Foreign Investments in Nigeria

2013 ◽  
Vol 19 ◽  
pp. 148-157
Author(s):  
Amos N. Dombin
Keyword(s):  
Corporate Governance ◽  
Developing Economies ◽  
Business Environment ◽  
Sustainable Growth ◽  
Foreign Investments ◽  
Good Corporate Governance ◽  
Corporate Entity ◽  
The Board Of Directors ◽  
The Relationship

Corporate Governance is a system of financial and other controls in a corporate entity and broadly defines the relationship between the Board of Directors, senior management and shareholders. Globalization and liberalization is sweeping across all sectors of economy with rising problems, risks, challenges more pronounce in developing economies. The position of Nigeria in global Transparency is among top ten from the rear and with continuous rise in the number of business collapsed, only organizations that adopt good Corporate Governance and best practices will survive and attain sustainable growth level locally and internationally in this competitive business environment. This paper examined the concept of Corporate Governance, its background in Nigeria, principles, importance/objectives as well as benefits to the Nigerian economy in terms of local and foreign investments.

Aligning the Warehouse and the Web

2011 ◽  
pp. 18-24 ◽  
Author(s):  
Hadrian Peter
Keyword(s):  
Semantic Web ◽  
Data Warehouse ◽  
Business Environment ◽  
Global Business ◽  
Meta Data ◽  
External Data ◽  
Extensible Markup ◽  
Modern Business ◽  
The Impact ◽  
The Web

Data warehouses have established themselves as necessary components of an effective IT strategy for large businesses. To augment the streams of data being siphoned from transactional/operational databases warehouses must also integrate increasing amounts of external data to assist in decision support. Modern warehouses can be expected to handle up to 100 Terabytes or more of data. (Berson and Smith, 1997; Devlin, 1998; Inmon 2002; Imhoff et al, 2003; Schwartz, 2003; Day 2004; Peter and Greenidge, 2005; Winter and Burns 2006; Ladley, 2007). The arrival of newer generations of tools and database vendor support has smoothed the way for current warehouses to meet the needs of the challenging global business environment ( Kimball and Ross, 2002; Imhoff et al, 2003; Ross, 2006). We cannot ignore the role of the Internet in modern business and the impact on data warehouse strategies. The web represents the richest source of external data known to man ( Zhenyu et al, 2002; Chakrabarti, 2002; Laender et al, 2002) but we must be able to couple raw text or poorly structured data on the web with descriptions, annotations and other forms of summary meta-data (Crescenzi et al, 2001). In recent years the Semantic Web initiative has focussed on the production of “smarter data”. The basic idea is that instead of making programs with near human intelligence, we rather carefully add meta-data to existing stores so that the data becomes “marked up” with all the information necessary to allow not-sointelligent software to perform analysis with minimal human intervention. (Kalfoglou et al, 2004) The Semantic Web builds on established building block technologies such as Unicode, URIs(Uniform Resource Indicators) and XML (Extensible Markup Language) (Dumbill, 2000; Daconta et al, 2003; Decker et al, 2000). The modern data warehouse must embrace these emerging web initiatives. In this paper we propose a model which provides mechanisms for sourcing external data resources for analysts in the warehouse.

The tools and techniques of effective change management

2015 ◽  
Vol 23 (1) ◽  
pp. 35-37 ◽  
Author(s):  
M.S. Rao
Keyword(s):  
Resistance To Change ◽  
Business Environment ◽  
Change Leadership ◽  
Global Business ◽  
Effect Change ◽  
Content Type ◽  
Modern Business ◽  
Tool Set ◽  
Mind Set ◽  
Tools And Techniques

Purpose – Equips leaders with tools and techniques to lead change effectively. Design/methodology/approach – Explains various aspects of change leadership, including the characteristics of change leaders, and outlines a blueprint to effect change successfully. Findings – Argues that change requires a new mind-set, tool-set and skill-set. Lists some of the reasons for resistance to change. Practical implications – Highlights the differences between change and growth and considers the implications of these. Social implications – Seeks to justify the need to change in the current global business environment. Originality/value – Concludes that change is imperative for an organization to succeed in the modern business environment.

scholarly journals Corporate governance and value creation index

2016 ◽  
Vol 14 (1) ◽  
pp. 241-250
Author(s):  
Niraj Satnalika ◽  
S.V.D. Nageswara Rao
Keyword(s):  
Corporate Governance ◽  
Value Creation ◽  
Survey Methodology ◽  
Good Governance ◽  
Business Environment ◽  
Ripple Effect ◽  
Governance System ◽  
Global Business ◽  
Governance Practices ◽  
Market Capitalisation

This study aims to create a methodology to measure good governance and value creation with the help of an index composed of two sub-indices which corresponds to corporate governance and value creation (CGVC). The proposed index measures corporate governance quality that collapse into one number (a governance rating or index) and helps in analysing the effectiveness of corporate governance index in predicting value creation. We believe there is no one “best” measure of corporate governance, however, the most effective governance system depends on context and firm related circumstances. Thus, it is generally difficult for an index, or any one variable, to capture such nuances which may be critical for making informed decisions. Having said that, the index beautifully helps in giving a fair idea about governance practices followed by companies’ in India. The CGVC index is constituted after investigating governance practices in BSE 100 companies which accounts for nearly 66% of the market capitalisation (as of March 2014). The study investigates corporate governance practices followed by the company in terms of 11 parameters identified (based on various recommendations given by the several committees) coupled with value created for different stakeholders. The period under study (2006-07 to 2013-14) is known for several volatilities and has remained one of the key themes in the global business environment. Economic uncertainties and changing business landscape left investors unnerved. While growth in largest economies declined, it had ripple effect on emerging economies. We have followed a two-step methodology where equal weightage is assigned to both the sub-indices. For sub-indices we have followed survey methodology where we interviewed personnel including board members, entry and mid-level employees of companies, regulatory participants, and stock brokers. Lastly, the paper aims to fill the gaps and conduct a thorough review of corporate governance and its relationship with value creation for one of the fastest growing emerging markets i.e., Indian economy.

Shareholdership, Stakeholdership and the Modern Global Business Environment: A Survey of the Literature

2007 ◽  
Vol 18 (4) ◽  
pp. 347-361 ◽  
Author(s):  
Tony Ike Nwanji ◽  
Kerry E. Howell
Keyword(s):  
Corporate Governance ◽  
Stakeholder Theory ◽  
Boards Of Directors ◽  
Moral Dilemmas ◽  
Business Environment ◽  
Business Practices ◽  
Corporate Boards ◽  
Global Business ◽  
American Model ◽  
Anglo American

This paper surveys literature relating to the Anglo-American model (shareholder theory) and stakeholder theory of corporate governance in the modern global business environment. Stakeholder theory emerged during the 1970–80s and suggested that corporations should look beyond the shareholder perspective of profit maximisation. Through a survey of the literature we examine why the traditional Anglo-American model of corporate governance had difficulties when dealing with certain unethical business practices of corporate boards. Overall, this study investigates whether an application of deontological and teleological ethical theories may illustrate how boards of directors could manage stakeholder issues and deal with problematic moral dilemmas and ethical decisions.

scholarly journals The Determinants of Success and Divergent Aspects of the Startup Companies Development in the Global Business Environment

2021 ◽  
Vol 8 (523) ◽  
pp. 6-12
Author(s):  
T. O. Halakhova ◽  
◽  
O. O. Yevdochenko ◽  
O. V. Kyslytsyna ◽  
◽  
...  
Keyword(s):  
Business Model ◽  
Sharing Economy ◽  
Business Environment ◽  
Cultural Development ◽  
Creative Economy ◽  
Global Business ◽  
Gig Economy ◽  
Startup Company ◽  
Modern Business ◽  
Global Vector

The article is aimed at researching the determinants of success and divergent aspects of the development of startup companies in the modern global business environment in order to substantiate effective technologies for their development. Thus, the global vector of economic, technological, socio-cultural development determines the emergence of progressive economic concepts, which are currently represented by the following formulations: digital economy, gig economy, knowledge economy, service economy, innovative and creative economy, sharing economy, etc. The authors analyzed two significant criteria that are most common in determining a startup company: innovative product and rapid growth rate. A comparative analysis of both startup-based and traditional business was carried out, which allowed to outline key divergent aspects of these concepts, namely: local and global ambitions; scalability of business; product innovativeness; information and digital technologies; trajectory of successful development; commercial interests; organizational structure; business model transformation; business ecosystems, etc. The authors analyzed key determinants of success and failures of startup projects based on the following criteria: idea, business model, launch time, team, marketing strategy, investment, system of mission, goals, and values. Prospects for further research in the context of the development of startup companies in the modern business environment are the systematization of successful cases and the development of certain mechanisms for improving the efficiency of activities of startup companies.

CHALLENGES OF HRM IN A GLOBAL BUSINESS ENVIRONMENT: A REVIEW AND RESEARCH AGENDA

2019 ◽  
Vol 9 (1) ◽  
pp. 183-196 ◽  
Author(s):  
Ugo Chuks Okolie ◽  
Idongesit David Udom
Keyword(s):  
Descriptive Analysis ◽  
Well Being ◽  
Business Environment ◽  
Full Time ◽  
Global Business ◽  
Technological Advances ◽  
Analysis And Synthesis ◽  
Modern Business ◽  
Recruitment And Selection ◽  
Hr Managers

This paper explores the various challenges of HRM and its practice in a global busi-ness environment. The roles and responsibilities of HR departments are transforming as the modern business faces pressures of globalization, hyper-competition in the markets, declining margins and changing consumer demands, workforce diversity, technological advances and changes in the political and legal environment. Today, global HR management has become a front-and-center issue for a wide variety of firms. Many larger corporations, and even smaller ones doing business in key interna-tional markets, now have full-time HR managers devoted solely to assisting with the globalization process. For the HR managers to thrive and be relevant in the global context, new roles and agenda for the profession should not focus on traditional HR activities such as recruitment and selection, training and development, and compensa-tion, but on its outcomes. There is presently an increasing interaction of national eco-nomic systems all over the world through the growth in international trade, invest-ment, and capital flows. This interaction is a worldwide drive toward globalization and a globalized economic system. Globalization, an inevitable and irreversible force is a new reality in which HR practitioners, enterprises and government are always on the lookout for new processes and innovations. This globalization process, therefore, necessitates an investigation into human resource management. The paper utilizes the methods of descriptive analysis and synthesis of the scientific literature and empirical investigation. The paper sums up with requisite conclusion and recommendations that will help HR professionals contribute positively to employees’ well-being and meeting organizational targets in a global business environment

scholarly journals Some Aspects of the Quality of Corporate Governance in Digital Economy

2019 ◽  
Vol 62 ◽  
pp. 04002 ◽  
Author(s):  
A.A. Polidi ◽  
Z.O. Goukasyan ◽  
I.A. Maslova ◽  
R.V. Fedorenko
Keyword(s):  
Corporate Governance ◽  
Business Environment ◽  
Digital Economy ◽  
Governance System ◽  
Economic Interests ◽  
Factors Affecting ◽  
Corporate Governance System ◽  
Modern Business ◽  
Traditional Economy

The relevance of this article is due to technological changes that are constantly introducing new characteristics, both in the global economic system and in the economy of individual fields of activity. The newest digital economy is significantly different from the traditional economy. A modern business environment requires constant adaptation of an entrepreneur to dynamically changing conditions at a strategic and tactical level. The purpose of the article is to study aspects of the quality of corporate governance, taking into account the challenges of the digital economy. The objectives of the study are: to identify the key elements of corporate governance and environmental factors affecting them; to determine the conditions and factors of the formation of economic interests in the corporate governance system for the purpose of improving the quality of corporate governance in the digital economy.

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