scholarly journals State-owned enterprise governance in the Pacific: The application of local values and practices in Samoa and Tonga

2022 ◽  
Author(s):  
◽  
Elisabeth Poppelwell

<p><b>This research examined how state-owned enterprises (SOEs) in two Pacific countries approach their governance roles in a context where concepts of good corporate governance are changing internationally. The research considered whether corporate governance practice can be enhanced by the application of local cultural values and principles, and whether there are lessons learned from these two countries that could be shared more broadly.</b></p> <p>The study explored insights from current and former SOE board chairs, directors, CEOs, senior public officials from the Kingdom of Tonga (Tonga) and the Independent State of Samoa (Samoa), and subject matter experts, who discussed their experiences and insights about approaches to corporate governance. The research also examined the literature on the rationale for the concept of ‘good governance’ which emerged in the latter half of the twentieth century, and corporate governance principles that support SOE models, to provide context for participant responses.</p> <p>Twenty-six interviews were undertaken in Tonga and Samoa between July and September 2019. Twelve participants were interviewed about Tonga’s SOEs, 12 participants were interviewed about Samoa’s SOEs, and two participants were interviewed about both countries’ approaches to SOE governance.</p> <p>The research finds that the principles of good corporate governance are dynamic and responsive, and can be modified to fit local situations. Despite the challenges implementing corporate governance principles, SOE directors and officials from Tonga and Samoa are asking how these tools can be applied in their country and are actively adapting and innovating the corporate governance model to improve local application. There are important assertive signs of ambiculturalism reshaping the good governance narrative with a Pacific flavour.</p>

2022 ◽  
Author(s):  
◽  
Elisabeth Poppelwell

<p><b>This research examined how state-owned enterprises (SOEs) in two Pacific countries approach their governance roles in a context where concepts of good corporate governance are changing internationally. The research considered whether corporate governance practice can be enhanced by the application of local cultural values and principles, and whether there are lessons learned from these two countries that could be shared more broadly.</b></p> <p>The study explored insights from current and former SOE board chairs, directors, CEOs, senior public officials from the Kingdom of Tonga (Tonga) and the Independent State of Samoa (Samoa), and subject matter experts, who discussed their experiences and insights about approaches to corporate governance. The research also examined the literature on the rationale for the concept of ‘good governance’ which emerged in the latter half of the twentieth century, and corporate governance principles that support SOE models, to provide context for participant responses.</p> <p>Twenty-six interviews were undertaken in Tonga and Samoa between July and September 2019. Twelve participants were interviewed about Tonga’s SOEs, 12 participants were interviewed about Samoa’s SOEs, and two participants were interviewed about both countries’ approaches to SOE governance.</p> <p>The research finds that the principles of good corporate governance are dynamic and responsive, and can be modified to fit local situations. Despite the challenges implementing corporate governance principles, SOE directors and officials from Tonga and Samoa are asking how these tools can be applied in their country and are actively adapting and innovating the corporate governance model to improve local application. There are important assertive signs of ambiculturalism reshaping the good governance narrative with a Pacific flavour.</p>


2015 ◽  
Vol 23 (4) ◽  
pp. 369-382 ◽  
Author(s):  
Mario Krenn

Purpose – The purpose of this article is to explain under what circumstances firm-level adoption of codes of good corporate governance will more likely be superficial rather than substantive in nature. The article contains lessons for any agency or country that attempts to implement deep and lasting changes in corporate governance via codes of good corporate governance. Design/methodology/approach – The article reviews the literature on compliance with codes of good corporate governance and develops a conceptual model to explain why some firms that have formally adopted a code of good governance decouple this policy from its actual use. Findings – Decoupling in response to the issuance of codes of good corporate governance will be more attractive to firms and also more sustainable under the following conditions: firms’ compliance costs are relatively high firms’ costs of outright and visible non-compliance are relatively high and outsiders’ compliance monitoring costs are relatively high. Originality/value – The article contributes to the debate on compliance and convergence and provides policymakers with a conceptual framework for assessing the likelihood of successful regulatory change in corporate governance.


ICR Journal ◽  
2018 ◽  
Vol 9 (2) ◽  
pp. 227-232
Author(s):  
Kurt Lieberman

Islamic guidance is a positive influence on humanity in numerous and diverse ways. In addition to its influence on individuals, Islamic guidance for good corporate governance provides a valuable, practical and business-relevant moral compass. For example, when a business incorporates maqasid values into its conduct, a better experience or outcome can usually be expected. Islamic guidance for humanity helps individuals lead a better life. When individuals are part of an organisation, the environment in which they interact needs to be addressed as well. While individuals should strive to be positive and contribute to the improvement of humanity, creating a suitable climate makes the striving easier and more successful. Essentially, governance is the structure, mechanism, and culture that enables good things to happen. When there is good governance, the result can be a virtuous circle where good actions get reinforced and amplified.


2020 ◽  
Vol 2 (1) ◽  
pp. 110-117
Author(s):  
Feby Astrid Kesaulya ◽  
Weny Putri ◽  
Dewi Sri

The Objective of this research was to prove that the implementation of good corporate governance will have an effect on the real activities manipulation which was done by the management. The implementations of good governance used by this research are board of director composition and audit committee expertise. This research was conducted in Indonesia by using 306 firm years’ observations. The result of this research showed a different result from previous researches. This research showed that the implementation of good corporate governance in the form of board director composition and audit committee expertise do not impact the practice of real activities manipulation. Or, in other words some of the good corporate governance tool could not mitigate the real activities manipulation in the company.


2019 ◽  
Vol 19 (6) ◽  
pp. 1236-1252
Author(s):  
Guilherme Cardoso ◽  
Dannie Delanoy Carr ◽  
Pablo Rogers

Purpose This paper aims to examine the Brazilian stock market behavior and volatility term structure of two portfolios that, theoretically, the companies that comprise them have different degrees of idiosyncratic risk: one portfolio consists of firms with good corporate governance and the other comprises firms with poor corporate governance. Design/methodology/approach The sample comprises corporate firms listed in the Brazilian stock market during the period from January 2008 to December 2017. Generalized autoregressive conditional heteroskedasticity models were applied. Findings The results show that the portfolio of firms with good corporate governance practices presents fluctuations that are more often temporary and reactive, with trends’ persistence of shorter durations, when considering the punctual volatility of the parameters estimated. This opposed expectation that the portfolio comprised of companies with good governance practices are better protected from short-term movements. However, over time and with standard error measures in consideration, both portfolios’ volatilities behave in similar ways. These findings may be related to Brazilian market characteristics, such as ownership concentration, ineffective corporate boards and the ever-developing nature of the stock market in Brazil. Any one of these characteristics present challenges to effective enforcement of the corporate governance practices in the Brazilian context. Originality/value The findings are potentially to the interest of researchers and practitioners for several reasons. First, this paper contributes to the growing literature on the relationship between corporate governance and market volatility. Second, it informs that volatility in the Brazilian context is likely only partially, if at all, influenced by corporate governance practices. Third, longitudinally, both indices follow the same pattern and converge to the same place.


2019 ◽  
pp. 568
Author(s):  
Ida Ayu Arina Mahadewi ◽  
IGAM Asri Dwija Putri

Penelitian ini bertujuan untuk mengetahui pengaruh prinsip-prinsip Good Corporate Governance yaitu: transparansi, akuntabilitas, responsibilitas, independensi, serta kewajaran terhadap Kinerja pada Rumah Sakit di Kota Denpasar. Jumlah sampel atau populasi yang digunakan dalam penelitian ini sebanyak 20 rumah sakit dengan penentuan sampel menggunakan metode purposive sampling, jumlah responden keseluruhan sebanyak 120 responden. Teknik analisis data yang digunakan adalah analisis regresi linier berganda. Berdasarkan hasil penelitian ini menunjukkan bahwa transparansi, akuntabilitas, responsibilitas, independensi, serta kewajaran berpengaruh positif terhadap Kinerja pada Rumah Sakit di Kota Denpasar. Hasil penelitian ini diharapkan mampu memberikan informasi bagi pihak-pihak yang terkait dalam mengukur kinerja pada Rumah Sakit di Kota Denpasar dengan menerapkan prinsip-prinsip Good Corporate Governance dalam mengambil keputusan dan menentukan kebijakan di masa yang akan datang sehingga nantinya dapat meningkatkan kinerja organisasi. Kata kunci: Transparansi, akuntabilitas, responsibilitas, independensi, kewajaran, kinerja


JURNAL PUNDI ◽  
2018 ◽  
Vol 2 (2) ◽  
Author(s):  
Yunita Valentina Kusufiyah

The largest state revenue comes from tax revenues. This is evident from the data of the Central Bureau of Statistics in 2016 as much as 86.16% of state revenue derived from tax revenue. For the company, the tax is a expenses that must be paid so needed a strategy in doing the efficiency of the tax expenses (the tax savings). One such strategy is tax management. To perform a good tax management then it takes the implementation of good governance in a company. Another variable that becomes the stimulus of Tax Management is the size of the company. This study examines Good corporate governance and Corporate Size as Stimulus in Tax Management. The research was conducted at a banking company listed on the Indonesia Stock Exchange. Research methodology used in this research is regression analysis that is linear regression analysis. The findings in this study are institutional ownership, the proportion of independent board of commissioners has a positive and significant influence on tax management while the audit committee has no influence on tax management. Company size has a significant negative effect on tax management Keywords : Good Corporate Governance, size, Tax Managemet


Author(s):  
Sugiyanto Sugiyanto ◽  
Heru Kurnianto Tjahjono ◽  
Arief Hartono ◽  
Lathiful Khuluq

This research of responsibility in the framework of good corporate governance aims to know the responsibility principles in the framework of good corporate governance and governance model of social welfare institution (LKS) in the Special Region of Yogyakarta (DIY). This type of study is a case study. The type of research conducted is descriptive qualitative, that is the researchers give an idea about the responsibility principles in the framework of good corporate governance of social welfare institution in DIY. The result of the research shows that there are fie responsibility principles which happened to social welfare institution in DIY and there are fie governance models of social welfare institution in DIY. Although the study was conducted for 8 years, this study still has weaknesses. It is advisable for further research to analyze thecorrelation between indicators of good corporate governance. The implications of the research are used as a reflection for policymakers, managers of LKS and donors.


Author(s):  
Jaswadi

<p>Abstrak: Tujuan penelitian ini adalah untuk melakukan investigasi dalam mengidentifikasi sebuah dasar pengetahuan (<em>knowledge base</em>) atas implementasi <em>good corporate governance</em> pada sektor UKM <em>non-go public</em>, dan mengidentifikasi aspek pengaturan yang perlu dimodifikasi atas implementasi <em>good corporate governance</em> pada sektor ini. Wawancara dilakukan kepada 10 informan pelaku UKM di wilayah Malang, Batu, Sidoarjo, Jember, dan, Madiun Propinsi Jawa Timur. Hasil penelitian menunjukkan bahwa dalam penerapan aspek <em>good governance</em> UKM dapat menyesuaikan dengan bentuk badan hukumnya, antara lain 3 (tiga) bentuk hukum badan usaha yakni perseroan, persekutuan, dan perseorangan. Dari aspek tersebut, mekanisme <em>monitoring</em> dan <em>family go</em><em>vernance</em> memerlukan perhatian lebih dari pengambil keputusan, investor, dan perbankan serta para pelaku UKM sendiri. Dalam rangka menerapkan mekanisme <em>monitoring</em> yang efektif, peran dewan komisaris dan direksi mengikuti aturan tentang perseroan. Sementara persekutuan perlu membakukan adanya dewan penasehat yang mungkin terdiri dari seluruh sekutu/<em>partners</em> dan mempekerjakan konsultan eksternal utama-nya terkait aspek akuntansi. Selanjutnya, pada perseorangan dengan <em>owner manager</em> perlu mengoptimalkan adanya konsultan untuk mendapatkan alternatif pilihan dalam pengambilan keputusan.</p><p><em>Abstract: <em>The purpose of this study is to investigate a knowledge base for the implementation of good corporate governance in SMEs sectorand identify a special governance provision that need to be addressed over the implementation of good corporate governance in the SME sector. Interviews were conducted on the 10 interviewees of owners and managers within SMEs in Malang, Batu, Sidoarjo, Jember, and Madiun East Java. The results show that the application of the governance aspects of SMEs may need to be adjusted regarding a difference legal forms of SMEs, among others, 3 (three) legal form of the business entity of the Corporation, Partnerships, and Sole Traders. Across these entities, monitoring and family governance mechanism requires more attention from decision makers, investors, and banks as well as SMEs themsel-ves. In order to implement an effective monitoring mechanism, the role of the Board of Commissioners and Board of Directors is in accordance the rules of the corporation. While partnership and sole traders need to set up an advisory board consisting of all partnerand to engage external consultants related accounting aspects. In addition, the sole traders with owner manager should engage external consultant to have a second opinion during decision making process.</em><br /></em></p>


2015 ◽  
Vol 12 (2) ◽  
pp. 579-589 ◽  
Author(s):  
Athenia Bongani Sibindi ◽  
Augustine Oghenetejiri Aren

The small, micro and medium business enterprises (SMMEs) sector is universally acclaimed for fostering economic growth in many economies. The health of this sector is largely premised on the observance of good corporate governance tenets. The purpose of this paper is to determine whether good corporate governance practice has been firmly embedded in the small-to-medium enterprise (SMMEs) sector in South Africa. In this study we interrogate the influence of good internal control systems, with a special focus on cash flow management practices on the survival or growth of the SMMEs. This paper utilised qualitative research methods and employed the survey technique amongst the SMMES operating in the retail sector of Pretoria in South Africa. We find evidence that good corporate governance practices enhance cash flow management processes. This is extremely important to the survival of a business, particularly small businesses, and poor corporate governance practices lead to weak cash flow management systems, which can thus lead to small business failure. We also proffer policy advice as to the remedial actions needed to safeguard this sector


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