Developing a Model for the Governance of Arab Family Companies and Their Legislation

2021 ◽  
pp. 1-9
Author(s):  
Yacoub Adel Nasereddin ◽  
Tamara Yacoub Nasereddin

The current research aimed to develop a model for the governance of Arab family companies and their legislation, which could contribute to the interconnection between the vision and the structures of supervision and control, and reduce conflicts, and duplication of decision-making and performance. This is an attempt to address the problem faced by Arab family companies, namely the ambiguity of roles, overlapping tasks, lack of discipline and reflection of family problems on the performance and growth of the company due to the absence of a structure for the governance of these companies. The research used survey methods and a literature review to gather opinions and make comparisons and simulations, in order to extract indicators and evidence from them. The research concluded with the development of a model of corporate governance that seeks to unify the components of the various models and their indicators within a single model to avoid the defects in these models and benefit from their advantages and make all practices understandable, easy to implement and review. This article summarises the research and its recommendations to address the various challenges discussed.

Author(s):  
Eleandra Maria Prigol Meneghini ◽  
Ana Paula Pereira dos Passos ◽  
Jeferson Lana

Objective: To promote a discussion on the benefits and challenges of the process of implementing mechanisms and good corporate governance practices in a multifamily company. Method: the case was based on real problems of a privately held multifamily organization and fictitious narratives were developed for its construction. Originality/relevance: Multifamily companies potentialize the existence of conflicts between the main ones due to the plurality of partners regarding corporate management and control. In this teaching case, some of these dilemmas were presented and how corporate governance could avoid, mitigate or remedy them in order to find adequate alignment between family members. Results: Conflicts of interest and information asymmetries indicated the need for new solutions for business continuity. Among these solutions, there was the possibility of implementing mechanisms and good corporate governance practices. Theoretical/methodological contributions: It is expected that the student develops an understanding of the need to consider inherent gains and losses in decision making and the particularities of the organization, such as shareholder composition, maturity of the organization and protection of capital and property.


Author(s):  
Arun Kumar Sangaiah ◽  
Vipul Jain

The prediction and estimation software risks ahead have been key predictor for evaluating project performance. Discriminating risk is vital in software project management phase, where risk and performance has been closely inter-related to each other. This chapter aims at hybridization of fuzzy multi-criteria decision making approaches for building an assessment framework that can be used to evaluate risk in the context of software project performance in following dimensions: 1) user, 2) requirements, 3) project complexity, 4) planning and control, 5) team, and 6) organizational environment. For measuring the risk for effectiveness of project performance, we have integrated Fuzzy Multi-Criteria Decision Making (FMCDM) and Fuzzy Technique for Order of Preference by Similarity to Ideal Solution (TOPSIS) approaches. Moreover the fusion of FMCDM and TOPSIS has not been adequately investigated in the exiting studies.


2005 ◽  
Vol 3 (1) ◽  
pp. 1 ◽  
Author(s):  
André Luiz Carvalhal da Silva ◽  
Ricardo Pereira Câmara Leal

This study investigates the relationship between the quality of a firms corporate governance practices and its valuation and performance, through the construction of a broad firm-specific corporate governance index for Brazilian listed companies. The empirical results indicate a high degree of ownership and control concentration. We can also note a significant difference between the voting and total capital owned by the largest shareholders, mainly through the existence of non-voting shares. Panel data results indicate that less than 4% of Brazilian firms have good corporate governance practices, and that firms with better corporate governance have significantly higher performance (return on assets). There is also positive relationship between Tobin’s Q and better corporate governance practices although the results are not statistically significant.


2006 ◽  
Vol 3 (3) ◽  
pp. 55-59 ◽  
Author(s):  
Raymond A. K. Cox

This paper is a selected literature review of the theories and empirical evidence on mergers and acquisitions. Initially, the fundamental factors, and the underlying theories, causing mergers is explored. Subsequently, the empirical evidence is examined on: (1) the operating performance of the acquirers and the acquired firms before and after the merger, (2) stockholder wealth impact, (3) form of payment used to complete the acquisition, (4) conglomerate mergers, and (5) corporate governance affecting the firm’s ownership and control.


Author(s):  
I Gusti Agung Eka Pertiwi

Good Corporate Governance is the definitive system to regulate and control the companyto create value-added to all stakeholders. The concept can be interpreted of GoodGovernance in Indonesia. There are two things that are emphasized in this concept. First,the importance of the right of shareholders to obtain information correctly (accurately)and timely. Second, the company’s obligation to make disclosure is accurate, timely andtrasnparan to all information of corporate performance, ownership and stakeholder. Thistype of research is a kind of juridical empirical research. This study on the effectiveness ofthe law, namely Legal Information Systems Company On Enterprise Bank in ImplementingGood Corporate Governance. This study is limited to the legal aspects of good corporategovernance of banking, in particular systems company policy, in particular the company’sdecision-making system,the implementation of the decision making proces accountable,fast, and accurate, which determines the performance of bank corporate governance. GoodCorporate Governance provisions have not been able to support the banking corporategovernance, as expected, especially in terms of decision-making performance. Becausetheunavailability of adequate Legal Information System whichcan be used as abasis to organizethe decision-making process that is fast and accurate. Slowness and hesitation in makingdecisions on some banks are generally determined by the availability of Legal InformationSystems Company which is a data bank on bank policies that have been established.


2019 ◽  
Vol 25 (2) ◽  
pp. 253-271 ◽  
Author(s):  
Umar Al-Turki ◽  
Salih Duffuaa ◽  
M. Bendaya

PurposeTurnaround maintenance (TAM) is a planned stoppage of production for conducting a comprehensive maintenance of equipment or plant with the purpose of improving plant availability and performance. The purpose of this paper is to investigate trends in the operation and management of TAM, as reported in the literature, and identify gaps, in the context of a system approach that views a plant as part of a network of a supply chain.Design/methodology/approachThis literature review is based on over 80 subject-relevant papers and uses content analysis. The literature subjects are classified into several managerial areas that include organization, planning, scope and risk analysis, execution, performance measurement and learning. The gap in the literature is identified in light of the proposed system view for TAM.FindingsThe system view of TAM opens new opportunities for new research areas for improving the operation and management of TAM. These areas include optimizing TAM scheduling and developing methods for managing risks along the entire business supply chain. In addition, new approaches for collaboration, sharing knowledge, best practices and expertise within the supply chain become necessary for effective TAM planning and control.Originality/valueThis paper reviews the literature and provides a new classification of TAM. It adopts the system view for TAM that has brought new insights in the operation and management of TAM. New trends for research in the area of TAM are identified.


2021 ◽  
Vol 10 (4) ◽  
pp. 0-0

All around the world, trends of globalization and industrialization have been experienced both in the development of large corporations and conglomerates. These larges firms contribute enormously to the socio-economic development of countries. Adopting a systematic literature review method with in-depth content analysis, the paper explores the concept of corporate governance holistically from systems lens and proposes an innovative systems structure-based framework namely Cultural Legal Oriented Value Embedded (CLOVE) for corporate governance to enable better decision making. In this paper, the structure proposed refers to components of culture, legal, orientation, value embeddedness that may be internal or external to the firm and these components are those, which will have a role in undertaking effective corporate governance and wealth creation for shareholders and the firm.


2008 ◽  
Vol 5 (2) ◽  
pp. 24-35 ◽  
Author(s):  
Jianguo Chen ◽  
Dar-Hsin Chen ◽  
Ping He

This study investigates the ownership structure of New Zealand non-financial companies in terms of both ownership and management control and examines the effect of ownership structure on corporate governance and firms’ performance. The Berle and Mean’s hypothesis of separation of ownership and control does not find support in New Zealand. Further analysis tests the proposition that the diffusion of corporate ownership has allowed corporate managers to pursue goals other than profit maximization. The findings do provide evidence of a non-monotonic relation between managerial shareholdings and firm performance. This result indicates the complex nature of the relationship between ownership structure and firm value.


2017 ◽  
Vol 14 (1) ◽  
pp. 79
Author(s):  
Sigurður Guðjónsson

This critical literature review begins by giving a short introduction to the microfinance industry. Microfinance institutions (MFIs) are explained and an account is given of their dual performance goals of financial performance (‘financial sustainability’) and social performance (‘outreach’). While MFIs’ social performance is directly aimed at poverty reduction, it is noteworthy that often they fail to address poverty (i.e., they fail to deliver outreach). The aim of the paper is to answer the following research question: Why have microfinance institutions (MFIs) failed to address poverty? In order to establish the reason, the first step is to look at how the MFIs are managed and controlled, i.e. to examine MFIs’ corporate governance literature. This critical literature review was conducted using systematic on-line searches in the databases Scopus and Web of Knowledge; the main key words used were microfinance, gender, corporate governance and performance. The unconvincing nature of the findings of a review of the corporate governance literature suggests that another factor should be taken into consideration: that of gender; after all, MFIs are mainly used by women. The findings from reviewing the microfinance literature suggests that microfinance gender literature may explain why MFIs have not adequately addressed poverty, but this literature consists of a few studies only and further studies are needed. The literature on gender in general is more substantial, however. Some account of it will be given in this literature review. The findings of this literature review should benefit policymakers on the one hand, who are in a position to advance gender equality, while on the other hand it should be of use to academics, who can research MFIs in relation to gender; further studies of gender in MFIs are encouraged.


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