scholarly journals Transparency and accountability in the Nepalese corporate sector: a critical assessment

2019 ◽  
Vol 1 (1) ◽  
pp. 1-25
Author(s):  
Saramsh Kharel ◽  
Sabina Magar ◽  
Nitu Chaurasiya ◽  
Sumi Maharjan ◽  
Chandra Prasad Rijal
Keyword(s):  
Corporate Governance ◽  
Approaches To Learning ◽  
Vital Role ◽  
Critical Assessment ◽  
Policy Reforms ◽  
Corporate Sector ◽  
Organizational System ◽  
Corporate Development ◽  
Organizational Trustworthiness ◽  
Transparency And Accountability

Background: In the present changing context of Nepal, accountability and transparency may not only be treated as functionally interdependent, but also equally important in the process of maintaining effective governance in all contexts by imparting a system based on fairness, ethics, accountability, transparency and delivered quality. Therefore, it is essential for organiza­tions to follow the pathways of sustainable governance in order to enhance their desired level system efficiency and effectiveness. Objectives: Primarily, the present work was accomplished to have a critical assessment of prevalence of corporate governance in the Nepalese corporate sector with focus on compliance of transparency and account­ability. Methods: The present work was accomplished using a fully qualitative method of inquiry by performing a compliance review of transparency and accountability. Results: Universal evidence of existing literature confirms that account­ability and transparency play vital role in transforming organizational trustworthiness. The practice of transparency provides access to conve­nient and reliable information required to enhance organizational deci­sion-making, which ultimately results in improved level of performance. As a component ethical management, corporate governance, refers to the visionary proposition of organizational leadership for shared expectations of valued stakeholders. The world practices confirm that both transparen­cy and accountability should go side by side to achieve quality and ethical organizational system practices, results and outcomes. Conclusions: Since Nepal is a new practitioner of modern concepts of corporate governance, its effective compliance is still infant. Thus, the Gov­ernment of Nepal needs to devise and enact needful policy reforms. Implications: The present paper may serve instrumental as it attempts to analyze the existing evidences, discusses how approaches to learning of trans­parency and accountability might be improved, and recommends how the Nep­alese corporate sector in the field of CG could be enhanced and empowered with a vision to sustainable corporate development and promotion in the country.

scholarly journals Determinan Pengelolaan Keuangan Dana Desa

Wahana ◽  
2020 ◽  
Vol 23 (1) ◽  
pp. 98-111
Author(s):  
Eni Dwi Susliyanti
Keyword(s):  
Corporate Governance ◽  
Financial Management ◽  
Community Empowerment ◽  
Independent Variables ◽  
Good Corporate Governance ◽  
Village Government ◽  
Transparency And Accountability

This study aims to analyze factors that influencing Village Fund Financial Management in Sleman Regency. Independent variables that used in this study are Good Corporate Governance principles which consist of: Transparency, Accountability, Independence, Fairness, Implementation of Village Government, and Community Empowerment. Meanwhile dependent variable is village fund financial management. Population of this study are 43 districts from 11 sub-districts where located in Sleman Regency. Samples from this research is village officials which consisted of 150 respondents. The results of the study indicate that when tested partially, the principle of transparency and accountability influences the management of village financial funds in Sleman Regency. However, other variables did not affect the financial management of village funds in Sleman Regency. If tested simultaneously, the results show that there is an influence on the financial management of village funds in Sleman Regency.

scholarly journals Recent developments in BRIC’s corporate governance with a focus on Russia – Innovation or imitation?

2014 ◽  
Vol 11 (3) ◽  
pp. 369-380 ◽  
Author(s):  
Udo C. Braendle
Keyword(s):  
Corporate Governance ◽  
Stock Market ◽  
International Standards ◽  
Corporate Sector ◽  
Draft Code ◽  
Bric Countries ◽  
The Future ◽  
Recent Developments ◽  
Code Of Corporate Governance

The practice of joint-stock companies in Russia and other BRIC countries suggests that the development of the corporate sector and the stock market requires a corporate governance level of the companies that corresponds to international standards. The Russian Code of Corporate Conduct was implemented in 2002 and has not been revised for many years. The same is true for Codes of other BRIC countries. 2013 the situation has changed. Russia published a Draft Code of Corporate Governance that should reflect the changes in Russian Corporate Governance over the last 10 years. The paper critically analyses this draft code and gives implications about the future of corporate governance in Russia. We are doing so in comparing Russian Corporate Governance Initiatives with those of other BRIC countries.

Understanding Neoliberalism Regimes and the Operations of Global Corporations

2019 ◽  
pp. 158-173
Author(s):  
Sahidi Maman Bilan
Keyword(s):  
Corporate Governance ◽  
New World ◽  
External Environment ◽  
World Order ◽  
Critical Assessment ◽  
The Political ◽  
New World Order ◽  
Global Corporations ◽  
Economic Ideology ◽  
Global Strategies

The present-day political and economic ideology constitutes a veritable challenge—due to its complexity—for managers in charge of global corporations, especially when it comes to crafting global strategies. Therefore, an understanding of the neoliberalism system and the circumstances which led to the global dominance of corporations are crucial. The chapter evaluates the political and economic circumstances which led to the emergence of the new world order coined as neoliberalism. That means that the external environment of current global businesses will be discussed. Also highlighted is the new world order and how this is conducive to the free operations of global corporations. The chapter ends with a critical assessment of the entire neoliberal project and the corporate governance.

From Control to Ownership: China's Managerial Revolution

2011 ◽  
Vol 7 (1) ◽  
pp. 19-38 ◽  
Author(s):  
Andrew G. Walder
Keyword(s):  
Corporate Governance ◽  
Government Agencies ◽  
Corporate Sector ◽  
New Variety ◽  
The Past ◽  
Corporate Elite ◽  
The Social ◽  
Economic Assets ◽  
And Control ◽  
Key Questions

Over the past decade, the ownership and control of China's corporate sector has finally begun to depart fundamentally from patterns typical in the socialist past. Students of corporate governance have watched these changes with an intense curiosity about their impact on firm performance. Students of comparative economic institutions have examined them for hints of a new variety of Asian capitalism and have sought to anticipate China's international competitiveness and impact. But these changes potentially will create a new corporate elite with greater compensation, personal wealth, and independence from government agencies than ever before. This transformation of China's political economy may eventually alter the Chinese state itself, although the extent and nature of this change are still far from clear. The key questions of interest are the social origins of the new elite, the scale of the economic assets they control, and especially their continuing relationships with party and government agencies. The answers will vary decisively by sector, four of which are described here: a state-owned sector, a privatized sector, a transactional sector, and an entrepreneurial sector. The evolving mix of these sectors will determine the future contours of the Chinese corporate economy.

scholarly journals Achieving Nepal’s sustainable development goals (SDGs) by effective compliance of corporate governance

2019 ◽  
Vol 1 (1) ◽  
pp. 50-72
Author(s):  
Anish B.K. ◽  
Anish Mahato ◽  
Sajat Thapa ◽  
Ashish Rai ◽  
Niranjan Devkota
Keyword(s):  
Sustainable Development ◽  
Corporate Governance ◽  
Sustainable Development Goals ◽  
Corporate Development ◽  
Development Goals ◽  
Effective Compliance ◽  
Global Agenda ◽  
Year 2000 ◽  
The Relationship ◽  
Desk Review

Background: it has been almost two that sustainable development has been a global agenda in a form or other. Nepal’s efforts to successful execu­tion of millennium development goals (MDGs) also opened new paradigms for the enactment of sustainable development goals (SDGs) planned for 2016-2030. The MDGs based on millennium declaration in the year 2000 by the United Nations (UN) has set foundation for the SDGs 2016-2030. Objectives: The primary purpose of this discourse was to establish the relationship between effective compliance of corporate governance and Nepal’s potential for the attainment of SDGs 2016-2030. Methods: Fully based on desk review performed in a qualitative setting of inquiry. Results: There is positive relationship between effective compliance of corporate governance (CG) and potential for the attainment of SDGs 2016-2030 in changing context of Nepal. Further, this paper highlights the gen­eral national scenarios, issues, challenges and ways forward in governing sustainable corporate development in Nepal to contribute the nation in its mission to attainment of sustainable development goals 2016-2030. Conclusions: Effective compliance of corporate governance serves as an instrumental pre-requisite for enhancing national potential to achieve Ne­pal’s national shared goals on SDG. Implications: Nepal needs immediate goals diffusion with appropriate re­sources allocation for each participant of sustainable development.

scholarly journals Institutional reforms and development of corporate governance and banking system in China

2017 ◽  
Vol 9 (2) ◽  
pp. 352 ◽  
Author(s):  
Vijayakumaran Ratnam ◽  
Sunitha Vijayakumaran
Keyword(s):  
Corporate Governance ◽  
Banking Sector ◽  
Banking System ◽  
Governance Structure ◽  
Chinese Government ◽  
Governance System ◽  
Corporate Sector ◽  
Institutional Reforms ◽  
Corporate Governance System ◽  
Management Responsibility

The objective of this paper is to review China’ instructional reforms and evaluate its effectiveness based on available empirical evidences with special reference to Chinese corporate governance system and financial system. As part of the wider economic reform initiated in the late 1970s, in the 1980s, the Chinese government adopted various measures aimed at reforming state owned enterprises (SOEs). These mainly include managerial autonomy, a management responsibility system, corporatization and partial privatization of former SOEs. In addition, the Chinese government took various steps to enhance the efficiency of the banking sector. The analysis shows that China’s efforts to improve the corporate sector through its own unique gradual and piecemeal approach has been successful in terms of introducing a formal governance structure for the corporate sector, liberalizing its financial sector, improving governance of state owned banks, and most importantly, developing the private sector as the back bone of the economy.

Determinants of carbon management strategy adoption

2016 ◽  
Vol 31 (2) ◽  
pp. 156-179 ◽  
Author(s):  
Somaiya Yunus ◽  
Evangeline Elijido-Ten ◽  
Subhash Abhayawansa
Keyword(s):  
Corporate Governance ◽  
Management Strategy ◽  
Environmental Management System ◽  
Vital Role ◽  
Annual Reports ◽  
Board Independence ◽  
Board Size ◽  
Content Type ◽  
Carbon Management ◽  
Organisational Factors

Purpose – The purpose of this longitudinal study is to examine the determinants of carbon management strategy (CMS) adoption among Australia’s top 200 listed firms. Design/methodology/approach – A legitimacy theory framework is adopted to investigate whether any significant relationship exists between a firm’s decision to adopt CMS and internal organisational factors, such as the presence of an environmental management system (EMS), as well as corporate governance factors like having an environmental committee, board size and board independence. Content analysis of Carbon Disclosure Project data and other publicly available information sourced from firm websites, annual reports and stand-alone sustainability reports is conducted, covering the period from 2008 to 2012. Findings – Logistic regression analyses confirm that firms adopting CMS are more likely to have an EMS, an environmental committee, larger board size and greater board independence. The study also finds significant association between CMS adoption, firm size, leverage and environmental sensitivity of the firm’s industry. Originality/value – The study shows that internal organisational factors and corporate governance attributes play a vital role in maintaining organisational legitimacy through CMS adoption. The findings of this study should be of interest to report providers (i.e. reporting firms), report users (such as investors and consumers) and policymakers.

scholarly journals Beyond Good Governance: An Ultimate Key Success for Higher Education Quality

2019 ◽  
Vol 4 (1) ◽  
pp. 210
Author(s):  
Somariah Fitriani ◽  
Hery Muljono
Keyword(s):  
Good Governance ◽  
Positive Impact ◽  
Academic Culture ◽  
Vital Role ◽  
Survey Method ◽  
Path Coefficient ◽  
Coefficient Corrélation ◽  
Higher Education Quality ◽  
Positive Effect ◽  
Transparency And Accountability

The purpose of the study was to find out the effect of leadership and cultural academic on good governance, which focused on transparency and accountability aspects. The study adopted a quantitative approach by using causal survey method with path analysis technique, which was to test the hypothesis. Thirty-one respondents consisting of lecturers and staff of graduate school of Universitas Muhammadiyah Prof. DR. HAMKA (UHAMKA) were taken as a sample by using Taro Yamane formula. Questionnaire of three variables was distributed to the respondents by employing a Likert scale. For data analysis, the study used SPSS 21 to test data normality, linearity, coefficient correlation, and path coefficient. The research has revealed that: 1) leadership has a direct positive effect on academic culture; 2) leadership has a direct positive impact on good governance; 3) academic culture has a direct positive effect on good governance; and 4) the implementation of good governance is in accordance with its principles, i.e., transparency and accountability which has excellent impact to human resource quality, particularly in term of the increasing number of research and community service. It can be concluded that organization coherence is well created on account of the implementation of good governance principles, which is supported by strong leadership and academic culture. On the other word, strong leadership plays a vital role in effective governance.

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