scholarly journals Democratic corporate governance within fluctuating cooperative banks: A multidisciplinary diagnosis and proposition of orientations

2010 ◽  
Vol 8 (1) ◽  
pp. 210-221 ◽  
Author(s):  
Remi Jardat ◽  
Patrick Gianfaldoni ◽  
David Hiez
Keyword(s):  
Corporate Governance ◽  
Present Article ◽  
Cooperative Groups ◽  
Creative Evolution ◽  
Cooperative Banks ◽  
Cooperative Project

The democratic question became of an ardent actuality within cooperative banks since the end of the 1990’s. Founding element of human-sized organizations that were the first mutual or cooperative caisses, is democracy running the risk to dissolve by necessity in the mature and hybrid giants that are the big banking cooperative groups nowadays? The present article unveils a multidisciplinary synthesis made possible by the conjunction of three researchers studying cooperative banks through three complementary angles: law, economy and management. After a first inventory of the possible symptoms of the disappearance of democracy inherent to the cooperative project, a more differentiating diagnosis is proposed, followed by an outline of some working leads for a creative evolution of cooperative democracy.

scholarly journals The future of corporate governance in knowledge-dispersed companies.

2017 ◽  
Vol 10 (17) ◽  
pp. 129-146
Author(s):  
Martin Krause
Keyword(s):  
Corporate Governance ◽  
Present Article ◽  
Decision Rights ◽  
Xxth Century ◽  
The Future ◽  
Institutional Innovations ◽  
Allocation Of Decision Rights ◽  
Practical Field

Corporate governance focuses its attention on the structure of the firm and the allocation of decision rights between owners and managers basically, plus other stakeholders. The field has developed extensively during the last decades inspiring reforms and practices as well as learning from them. Most of the analysis though takes into consideration the XXth Century firm, rightfully so since CG is a very practical field in the overlapping map of law, economics and finance. The firm has probably been one of the most successful institutional innovations of the last centuries. Five hundred years ago only a few of them existed, today they are pervasive. Nevertheless, we cannot expect the firm to be the same a hundred years from now as it is today. And if companies are going to be different, how will their corporate governance be affected? The present article does not expect to give an answer to such question. It only attempts to provoke debate and speculation about a possible evolution of the firm based on one single aspect of change: the increased use of dispersed knowledge. After suggesting some development and analyzing present innovations in that direction, we will open up to consideration how those potential changes may affect corporate governance. Of course, there are no specific conclusions, just a call to open our minds to future possible scenarios.

scholarly journals Cooperative versus Conventional (Joint-Stock) Banking In Europe: Comparative Resistance And Resilience During The Recent Financial Crisis

2016 ◽  
Vol 32 (5) ◽  
pp. 1341 ◽  
Author(s):  
Mireille Jaeger ◽  
Yasmina Lemzeri ◽  
Jean-Noel Ory
Keyword(s):  
Banking Sector ◽  
Banking System ◽  
European Countries ◽  
Cooperative Groups ◽  
Legal Form ◽  
Return On Equity ◽  
Cooperative Banks ◽  
Legal Forms ◽  
Formed Part ◽  
High Level

During the banking crisis of the 1990s, French cooperative banks emerged as more resistant and efficient than joint-stock banks, which enabled them to improve their market share and increase their reserve capital. This subsequently became the keystone of the external restructuring that led to the transformation of cooperative banks into large universal banking groups. At the time, their competitive advantage relied mainly on a different approach to risk-taking, which was associated with their cooperative legal form and their specific governance model.However, the same features have clearly not prevailed during the financial phase of the most recent crisis.  Whereas governance models in the banking sector have been deeply questioned, the original cooperative model has evolved differently within European countries, with a high level of hybridization in some and a very diffuse cooperative network in others. Some European cooperative groups have been damaged by the crisis, mainly because of the corporate and investment banking that formed part of their activity.Yet the recent crisis has revealed the importance of a resistant and resilient worldwide banking system and the diversity of legal forms and organizations could contribute to achieving this goal. In this paper, we assess the resistance and resilience of major joint-stock banks during the crisis and compare them to cooperative banks in different European countries and Canada. We conduct our analysis at an aggregated/consolidated level for these two categories of banks. Using different indicators (e.g., z-score, loans to the economy, return on equity) as dependent variables, we verify whether the cooperative form is synonymous with greater resistance or resilience, and whether the results may be explained by different organizational schemes in cooperative banking.

scholarly journals The New Public Management and Stakeholders theory applied to the territorial intelligence.

2019 ◽  
Vol 7 (02) ◽  
Author(s):  
LAAMRANI EL IDRISSI Safae ◽  
TAOUAB Omar
Keyword(s):  
Corporate Governance ◽  
Literature Review ◽  
Present Article ◽  
Stakeholder Theory ◽  
Public Management ◽  
New Public Management ◽  
Management Tool ◽  
Territorial Development ◽  
Advantages And Disadvantages ◽  
New Public

In the context of territorial intelligence, territorial actors and, in large part, public administrations in particular are in constant development. For this reason and to support territorial development, several theories and practices have been adopted. Among the theories developed to carry out the function of territorial governance, we find the stakeholder theory that comes to put in place a strategy centered on the systems of corporate governance. Thus, the NPM also appears as a new management tool, considered as a "hybrid, processual and evolutionary construct" or/and as a slippery label. The present article aims to conduct a literature review of the above mentioned theories in order to identify the advantages and disadvantages of each.

scholarly journals Corporate governance structures in the context of cooperative banking

2019 ◽  
Vol 3 (1) ◽  
pp. 25-41 ◽  
Author(s):  
José Vaz Ferreira
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Organizational Performance ◽  
Causal Relationship ◽  
Management Team ◽  
Governance Structures ◽  
Governance Practices ◽  
Cooperative Banks ◽  
The Relationship ◽  
Cooperative Governance

This study aims to investigate the constraints of corporate governance structures, in the context of cooperative banking. That is, it will try to identify the factors that are the basis of the practice of corporate governance of cooperative banking, such as organizational performance, relationships of trust on the part of customers and the community in general, the image of the competition and to the regulator and the remuneration of the management team. In order to test the hypotheses, a questionnaire was carried out with the administration of the different cooperative banks, obtaining a sample of 58 banks, representing 67% of the total universe. The results point to the existence of a causal relationship between financial performance and corporate governance practices, specifically at the level of cooperative rights and at the level of relationship with clients, society and fiscal council activity. With the adoption of cooperative governance practices, the relationship between the return of cooperators and these practices has not been proven, the same happened with the relationship between the remuneration of managers and the adoption of these practices.

scholarly journals The fiscal piece of advice as instrument of protection and generation of value to the minority shareholders. An vision of corporate governance.

2007 ◽  
Vol 4 (2) ◽  
pp. 74-82
Author(s):  
Sergio Antonio Loureiro Escuder ◽  
Joao Eduardo Prudencio Tinoco
Keyword(s):  
Corporate Governance ◽  
Present Article ◽  
The Other ◽  
Minority Shareholders ◽  
Central Aspect ◽  
Control Instrument ◽  
Other Hand ◽  
The Family

The present article inserted in the extent of the corporate governance has as objective contributes in the evaluation of the importance of the fiscal piece of advice in the structure of the organizations, with lucrative purposes, as control instrument and support to the shareholders’ Assembly, to the light of the legislation of the limited companies and of the reduction entities, class organs, like IBGC, CVM, IBRACON and BOVESPA. It was observed, on the other hand, that the family company is preponderant in Brazil, and that that central aspect limits the performance of the fiscal piece of advice in the context of the corporate governance

scholarly journals Editorial Note

2018 ◽  
Vol 2 (2) ◽  
pp. 4-4 ◽  
Author(s):  
Rosaria Cerrone
Keyword(s):  
Corporate Governance ◽  
Social Development ◽  
Editorial Note ◽  
Recent Issue ◽  
Cooperative Banks

The recent issue of the journal Corporate Governance and Sustainability Review is devoted to the issues of corporate governance and value of family-owned businesses, cooperative banks’ M&A, CG and sustainability for businesses and for social development etc.

scholarly journals THE FUTURE OF CORPORATE GOVERNANCE IN KNOWLEDGE-DISPERSED COMPANIES.

2017 ◽  
Vol 10 (17) ◽  
pp. 129
Author(s):  
Martin Krause
Keyword(s):  
Corporate Governance ◽  
Present Article ◽  
Decision Rights ◽  
Xxth Century ◽  
The Future ◽  
Institutional Innovations ◽  
Allocation Of Decision Rights ◽  
Practical Field

Corporate governance focuses its attention on the structure of the firm and the allocation of decision rights between owners and managers basically, plus other stakeholders. The field has developed extensively during the last decades inspiring reforms and practices as well as learning from them. Most of the analysis though takes into consideration the XXth Century firm, rightfully so since CG is a very practical field in the overlapping map of law, economics and finance. The firm has probably been one of the most successful institutional innovations of the last centuries. Five hundred years ago only a few of them existed, today they are pervasive. Nevertheless, we cannot expect the firm to be the same a hundred years from now as it is today. And if companies are going to be different, how will their corporate governance be affected? The present article does not expect to give an answer to such question. It only attempts to provoke debate and speculation about a possible evolution of the firm based on one single aspect of change: the increased use of dispersed knowledge. After suggesting some development and analyzing present innovations in that direction, we will open up to consideration how those potential changes may affect corporate governance. Of course, there are no specific conclusions, just a call to open our minds to future possible scenarios.

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