scholarly journals The Logic behind the Internal Governance of Sweden’s Largest Agricultural Cooperatives

2020 ◽  
Vol 12 (21) ◽  
pp. 9073
Author(s):  
Karin Hakelius ◽  
Jerker Nilsson
Keyword(s):  
Boards Of Directors ◽  
Governance Structure ◽  
Equity Capital ◽  
Agricultural Cooperatives ◽  
Governance System ◽  
Internal Governance ◽  
Market Rate ◽  
Business Operations ◽  
Tentative Explanation ◽  
The Individual

This study comprises a qualitative analysis of the governance structures within the two largest agricultural cooperatives in Sweden, both of which have large and heterogeneous memberships, as well as sizeable and complex business operations. Interviews were conducted with district council members and representatives from the boards of directors. The data from both case cooperatives indicate a genuinely traditional democratic member governance structure. There is a great deal of social capital in the governance system. A tentative explanation of the member involvement is that the cooperatives’ equity capital is owned by the individual members, and the members are free to sell and buy their shares at a market rate. The members are satisfied with the return on the capital they have invested in the cooperatives. They receive bonus shares and dividends above what most members would get in other investments. A conclusion is that very large cooperatives may succeed well with a member-democratic governance system of the traditional cooperative type, which in this case is probably due to the members’ satisfaction with the individualized ownership of the cooperatives.

scholarly journals Legitimacy or good governance: What drives carbon performance in Australia

2013 ◽  
Vol 10 (3) ◽  
pp. 39-48 ◽  
Author(s):  
Wei Qian
Keyword(s):  
Good Governance ◽  
Governance Structure ◽  
Governance System ◽  
Internal Governance ◽  
Wide Range ◽  
Corporate Governance System ◽  
Future Policy ◽  
Using Data ◽  
Carbon Performance ◽  
External Forces

Previous studies present diverse views on carbon performance. The legitimacy perspective posits that external forces from a wide range of stakeholders drives environmental performance change, while the governance perspective posits that strong internal governance structure leads to performance improvement. This study empirically examines the validity of these different perspectives. Using data released by top polluting companies included in the Australian National Greenhouse and Energy Reports (NGER), the study finds that better governance structures are significantly associated with higher carbon performance, but there is no significant relationship between external carbon disclosure and carbon performance. The results suggest that future policy needs to focus more on ensuring strong corporate governance system and encouraging the integration of environmental aspects into governance agenda.

scholarly journals Internal Governance Structure and External Audit Fee: Malaysia Evidence

2018 ◽  
Vol 1 (1) ◽  
Author(s):  
Maisarah Abd Rahim
Keyword(s):  
Boards Of Directors ◽  
Audit Committee ◽  
Committee Member ◽  
Audit Fees ◽  
Governance Structure ◽  
Audit Committees ◽  
Future Research ◽  
External Audit ◽  
Internal Governance ◽  
Audit Fee

Internal governance structure plays a role in improving quality of financial reporting, thus determining external audit fee is very important. The objective of this study is to examine the association between external audit fees and internal governance structure (boards and audit committee characteristics). The methodology used based on the sample of 115 companies listed on the Bursa Malaysia Main Market in 2015. It is hypothesized that external audit fees will be positively associated with board of director and audit committee’s independence, expertise and meeting frequency. As a result, the findings reveal that no variable found to be significant to external audit fee except for audit committee expertise (audit committees who being accounting professional members). Audit committee expertise indicate negative and significant relationship with external audit fee which implies that the existence more audit committee member who possess accounting professional certification tend to provide complementary effect towards audit effort in the process of negotiating audit fee, thus lower audit fee will be paid. The study suggests there are opportunities to include other variables such as director’s remuneration, ownership structure or /and audit tenure for future research.   Keywords: Corporate Governance, Boards of Directors, Audit Committees, External Audit Fee, Malaysia  

scholarly journals Research on Modern Marine Environmental Governance in China: Subject Identification, Structural Characteristics, and Operational Mechanisms

2021 ◽  
Vol 18 (9) ◽  
pp. 4485
Author(s):  
Qi Chen ◽  
Huijuan Yu ◽  
Yezhi Wang
Keyword(s):  
Local Governments ◽  
Environmental Governance ◽  
Structural Characteristics ◽  
Governance Structure ◽  
Governance System ◽  
Pressure System ◽  
Operational Mechanism ◽  
The One ◽  
Process Coordination ◽  
Marine Environmental

Under the guidance of modern environmental governance concepts, there have been profound changes in the subject, structure, and operational mechanism of the modern marine environmental governance in China. This paper first classifies the subjects of modern marine environmental governance in China, as well as their relationships; analyses the structural characteristics from the three levels of rights, society, and region; explores the operational mechanism; and builds the framework of the modern marine environmental governance system in China. Both the central and local governments act as the leaders of the modern marine environmental governance system in China, and there have been many new changes in their relationships. On the one hand, the interest and goals of the central and local governments have gradually converged under the pressure system. On the other hand, local governments follow the principles of comprehensive governance regarding the coastline and collaborative cooperation is gradually beginning to occur. Different governance subjects are interrelated and intertwined to form a complete modern marine environmental governance structure, which includes the following three levels: the governmental power structure; the social structure, which involves collaboration between multiple entities; and the regional structure, which involves land-sea coordination in environmental governance. These structures each play their parts in the overall process of the marine environmental governance’s institutional arrangements, process coordination, and feedback adjustments and ultimately constitute a dynamic and complete modern marine environmental governance operational system.

scholarly journals Corporate governance in the context of the recovery of distressed firms: A case study in Brazilian air transportation sector

2011 ◽  
Vol 9 (1) ◽  
pp. 621-627
Author(s):  
Vinicio de Souza Almeida ◽  
Patrícia Ribeiro Romano
Keyword(s):  
Corporate Governance ◽  
Financial Distress ◽  
Governance Structure ◽  
Governance System ◽  
Transportation Sector ◽  
Governance Practices ◽  
Distressed Firms ◽  
Theoretical Evidence ◽  
The Cost ◽  
And Control

Corporate governance is a set of practices and processes of board and executives’ coordination and control that aims at protecting the interests of shareholders and others affected by the value of the company. The discussions and disputes involving shareholders in Brazil and a new corporate law aimed at improving governance practices in the country, reducing the cost of capital of the company and contributing to national economic growth. In this study, we compared the theoretical evidence on the governance structure of airlines with the reality of a large company in the sector in Brazil. The results indicate that a wrong architecture of ownership and control combined with the non-corporate governance system may result in financial distress for an organization.

scholarly journals Who regulates food? Australians' perceptions of responsibility for food safety

2010 ◽  
Vol 16 (4) ◽  
pp. 344 ◽  
Author(s):  
Julie Henderson ◽  
John Coveney ◽  
Paul Ward
Keyword(s):  
Food Safety ◽  
Food System ◽  
Personal Responsibility ◽  
Consumer Involvement ◽  
Governance System ◽  
Public And Private ◽  
Food Governance ◽  
The Government ◽  
The Individual ◽  
Public And Private Sector

Food scares have diminished trust in public institutions to guarantee food safety. Food governance after the food scare era is concerned with institutional independence and transparency leading to a hybrid of public and private sector management and to mechanisms for consumer involvement in food governance. This paper explores Australian consumers’ perceptions of who is, and should be responsible for food safety. Forty-seven participants were interviewed as part of a larger study on trust in the food system. Participants associate food governance with government, industry, and the individual. While few participants can name the national food regulator, there is a strong belief that the government is responsible for regulating the quality and safety of food. Participants are wary of the role of the food industry in food safety, believing that profit motives will undermine effective food regulation. Personal responsibility for food safety practices was also identified. While there are fewer mechanisms for consumer involvement and transparency built into the food governance system, Australian consumers display considerable trust in government to protect food safety. There is little evidence of the politicisation of food, reflecting a level of trust in the Australian food governance system that may arise from a lack of exposure to major food scares.

Comprehensive Reform of the University Governance System in China

2019 ◽  
pp. 68-81
Author(s):  
Yan Wang ◽  
Ruixue Li
Keyword(s):  
Decision Making ◽  
Governance Structure ◽  
Analytical Framework ◽  
University Governance ◽  
Leadership Position ◽  
Governance System ◽  
World Class ◽  
Comprehensive Reform ◽  
The University ◽  
Tongji University

This chapter introduces and discusses changes with respect to the university governance system in China which is in the process of creating a world-class university by taking Tongji University as an example. It presents an analytical framework on the basis of four powers: (1) the internal democratic nature of the governance structure, (2) the external involvement in university governance, (3) the level of centralization of the decision-making authority in the university, and (4) the concentration of authority in an individual leadership position versus authority in a collective body or spread over various collective bodies. It analyzes and summarizes the reforms of three colleges at Tongji University in these four aspects and puts forward some reasonable suggestions for other universities.

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