Dissertations / Theses on the topic 'Corporate Governance Practice'
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Бричко, Марина Михайлівна, Марина Михайловна Бричко, and Maryna Mykhailivna Brychko. "Unique practice of corporate governance in Ukraine." Thesis, Ukrainian Academy of Banking of the National Bank of Ukraine, 2011. http://essuir.sumdu.edu.ua/handle/123456789/63738.
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As part of an emerging system of corporate governance in Ukraine
formally present all the necessary elements, but in reality the principle of
separation of ownership and control is recognized. Like most developing
countries the banking sector in Ukraine is dominated by high concentrated
domestically-owned, state-owned and foreign-owned. Because of such nature of
ownership, widely dispersed corporate ownership is not the rule but the
exception. As a result, the key potential conflict of interest in developing,
transition and emerging market countries like Ukraine tends to arise, not
between managers and shareholders like the United States and the United
Kingdom, but between controlling shareholders on one hand and minority
shareholders (domestic and foreign), and other investors, on the other.
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Buchanan, J. S. "Change and continuity in recent Japanese corporate governance practice." Thesis, University of Cambridge, 2006. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.597048.
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This dissertation addresses the research questions: “Do recent changes to formal and informal corporate governance structures in Japan indicate the beginnings of a general transformation there? Do they signify the alignment of Japanese practice to an ‘Anglo-American’ paradigm? In particular, what do these changes suggest with regard to the processes of institutional diversity, change, transplantation, and hybridisation?” The research questions were approached mainly through a qualitative empirical study of opinions on corporate governance from officers at a group of Japanese companies, Japanese and foreign investors, government ministries, associations, and other bodies active in Japan. Primary data were collected through interviews and other contacts from late 2003 until late 2004. The objectives were to discover from corporate management how they saw both recent structural changes and their own current practices, and from investors and others how their views and activities could be expected to influence the choices of corporate management. Theoretical context covering the general corporate governance debate and institutional theory was derived from academic secondary sources. Specifically Japanese context covering corporate practices since the Second World War, economic events since the late 1980s, and recent developments relating to Japanese corporate governance structures was derived from secondary sources which included academic commentaries and information published by companies, ministries, associations, and the press. The results of the empirical study are presented against this contextual background under the three main categories of legally driven change, informal change, and influences external to corporate management. From these results, conclusions are drawn regarding the nature of the changes observed to date in Japanese corporate governance and the degree of tendency towards ‘Anglo-American’ practice. Their implications with regard to institutional diversity, change, transplantation, and hybridisation are then discussed. Finally, suggestions are offered with regard to the possible development hereafter of corporate governance practice in Japan.
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Siebeneck, Claudia. "Ein Code of Best Practice for Corporate Governance für KMU." St. Gallen, 2008. http://www.biblio.unisg.ch/org/biblio/edoc.nsf/wwwDisplayIdentifier/94660602001/$FILE/94660602001.pdf.
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Larbsh, M. M. "An evaluation of corporate governance practice in Libya : stakeholders' perspectives." Thesis, Nottingham Trent University, 2010. http://irep.ntu.ac.uk/id/eprint/320/.
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Prior to 1997 the research carried out on corporate governance around the world was minimal. However, after the crisis that swept the financial markets and economics of the major Asian countries in 1997, and the notorious collapse of Enron in 2001, the interest in corporate governance has increased. Therefore, corporate governance has attracted considerable attention in the area of academic research and on the agenda of public policy debates in both developed and less-developed countries. An improved corporate governance system is now viewed as an essential feature of companies, and it can serve as an incentive for investment and also strengthen the foundation of long-term economic performance. The principal aim of this study is to investigate and offer an initial understanding of corporate governance practice within a developing economy, the case of Libya. Therefore, studying with different stakeholders is more suitable to understand corporate governance patterns and relations within the Libyan context. The study also investigates how the various environmental factors affect corporate governance practice and inhibit the practice and development of corporate governance. Two main research methods were employed in this study, namely, interviews and questionnaires. Distributing 453 questionnaires to six groups of stakeholders, and ten semistructured interviews with policy-makers were chosen to achieve the objectives. The findings suggest that the corporate governance framework in Libya is less-developed, and Libya has lagged behind its neighbours. Also, the study revealed that the absence of principles of corporate governance has led to the weakness of accountability and responsibility processes. The influence of the opaque economic structure, out dated legal system, influences of culture and social norms, political interference, lack of accounting professionalism in the corporate governance framework were also evident. The weakness of the education system and the stakeholders' activism were other factors in the corporate governance framework. The participants also indicated that the stakeholder’s model of corporate governance is more acceptable in a Libyan context and the Board of Directors as main internal mechanism of corporate governance needs to be more responsible and needs to act on behalf of the stakeholders. In essence, the results demonstrate that a good corporate governance framework depends on effective internal and external factors such as a complete legal system, a developing economy, and effective board members, associated with supportive political and educational systems, and culture and social norms. Therefore, the vision of improving corporate governance can be fully realised only if all the related parties such as government, academia, external auditors, NGOs and universities work together to eliminate these obstacles to attain a good framework of corporate governance in the country. The research has contributed to the understanding of the concept of corporate governance in the context of a developing economy with particular economic and social attributes, whilst adding to the more general knowledge and understanding of corporate governance practices and empirical research.
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McCabe, Margaret. "Directors' perceptions of best practice in corporate governance in Australia." Thesis, Curtin University, 2002. http://hdl.handle.net/20.500.11937/2479.
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In this study directors of public listed companies around Australia gave their perceptions of best practice in corporate governance. A qualitative methodology within the constructivist paradigm was used along with a questionnaire thus making it a linked study. Mechanisms to assist in demonstrating rigour in the research process were developed and implemented as part of the research. The findings presented a description of best practice in corporate governance and a definition of corporate governance. Emerging from the findings was a model of best practice that was consistent with complex adaptive systems theory. Stakeholder theory was seen to provide the mechanism for developing activities that support the best practice model.
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McCabe, Margaret. "Directors' perceptions of best practice in corporate governance in Australia." Curtin University of Technology, Graduate School of Business, 2002. http://espace.library.curtin.edu.au:80/R/?func=dbin-jump-full&object_id=16227.
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In this study directors of public listed companies around Australia gave their perceptions of best practice in corporate governance. A qualitative methodology within the constructivist paradigm was used along with a questionnaire thus making it a linked study. Mechanisms to assist in demonstrating rigour in the research process were developed and implemented as part of the research. The findings presented a description of best practice in corporate governance and a definition of corporate governance. Emerging from the findings was a model of best practice that was consistent with complex adaptive systems theory. Stakeholder theory was seen to provide the mechanism for developing activities that support the best practice model.
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Kimani, Danson. "Investigating factors which influence the practice of corporate governance within the Kenyan corporate sector." Thesis, Open University, 2017. http://oro.open.ac.uk/51777/.
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This thesis examines the compatibility of Kenya’s (Anglo-American-originated) CG code with the country’s institutional environment. Its inspiration arises from researcher’s observation that Kenyan firms continue to experience various CG challenges despite the adoption of an international code of CG practices. The study is further motivated by analysis of existing literature, which identifies three important gaps in literature addressed in this thesis, namely: (a) scanty understanding concerning the applicability of foreign CG codes within LDCs institutional environments, (b) limited literature on CG in the context of Africa, and (c) insufficient qualitative CG research notwithstanding mixed results from quantitative studies. A multi-method approach was utilised in gathering data including: twenty-one interviews with representative CG stakeholders, field observations of six listed firms’ AGMs, and archival evidence (annual reports and corporate websites, records of AGM proceedings, official documents and policy publications). The study then employs thematic and content analysis to investigate factors which influence the practice of Kenya’s CG code within the corporate sector. This thesis’s findings demonstrate that despite the merits of the Anglo-American governance model, the present code of CG practice in Kenya is incompatible with the country’s institutional environment. Analysis of data establishes the source of this incompatibility as arising from various ambits including: highly concentrated ownership structure of firms, absence of shareholder activism, powerful traditional norms and culture, outdated corporate statutes and weak regulatory environment, and uncertainties within the country’s economy. Contrary to expectations following adoption of Kenya’s CG code, this thesis finds that Kenyan firms continue to experience severe CG challenges. These include erosion of shareholder wealth, bankruptcy risk, and conflicts between firms and local communities. This thesis makes as least two contributions to the theory and practice of corporate governance in developing countries, such Kenya. Firstly, it develops and tests a theoretical framework for examining the practice of CG in Kenya. The framework demonstrates that to understand the way CG codes are practiced in a developing country, requires awareness of factors which characterised the development of the code(s) along with the country-specific implementation process. Secondly, by providing empirical evidence of the incompatibility of the Anglo-American CG model in Kenya, the study reveals how the actions of CG practitioners are defined by a powerful institutional environment, including traditional customs and culture, notwithstanding the existence of explicit CG regulations developed internationally (e.g. in western countries). This was also found to be the principal cause for variance between the provisions of the CG code and actual practice. Finally, this thesis provides both immediate and long-term suggestions for policy. Immediate policy intervention may include a review of conflicting corporate sector regulations and adequate resourcing of relevant regulatory bodies. Long-term policy consideration should focus on reviewing the current CG code with due regard to the ‘ecosystem’ of firms to avoid tensions occasioned by the institutional environment; including conflicts with non-shareholding constituencies.
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Al-Wasmi, Mohammad E. "Corporate governance practice in the GCC : Kuwait as a case study." Thesis, Brunel University, 2011. http://bura.brunel.ac.uk/handle/2438/6324.
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Corporate governance practice has recently become an important topic around the world and specifically within the emerging stock markets in order to avoid expropriation by corporate management at the expense of minority shareholders. Although corporate governance is considered to be tremendously important in many countries, whether developed or developing, corporate governance does not exist in Kuwait as a mean of shareholder protection. This thesis intends to provide a regulatory analysis to laws and regulations that should be implemented to regulate corporate governance practice in Kuwait in private companies and in the State-Owned Enterprises. The second chapter draws a theoretical framework of corporate governance. These theories must be discussed, because this thesis is the first to address corporate governance from a legal perspective and will help Kuwaiti practitioners and those involved in corporate governance practice to gain a better and more comprehensive understanding of and appreciation for effective corporate governance. The third chapter provides an overview of the corporate governance practice in the emerging markets. The fourth chapter presents the characteristics of a corporate culture to lay the groundwork for adopting corporate governance that will fit within the Kuwaiti culture. The fifth chapter offers an assessment of the institutional settings necessary to establish a sound corporate governance system in Kuwait, including legal and political institutions. The sixth chapter will examine corporate governance practice in the State-Owned Enterprises in Kuwait. The seventh chapter focuses on the best practices of corporate governance and the protection of shareholders in companies listed in the Kuwait Stock Exchange (KSE) by analysing the regulations and laws that apply to the KSE and that should relate to corporate governance. Chapter eight offers recommendations for corporate governance reform that derive from the assessment made in this thesis in both public and private sectors in Kuwait. Finally, chapter nine provides the general conclusion of the thesis and the contribution of this study.
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Boadu, Mark. "Ethical dimensions of corporate governance practice in Ghana : building a theoretical perspective." Thesis, University of Plymouth, 2013. http://hdl.handle.net/10026.1/2855.
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Having dominated policy agenda in developed economies for well over three decades, corporate governance is now getting to the top of the policy agenda in developing countries (Abor and Adjasi, 2007). However, the issues of corporate governance have focused on the major shareholders and institutional shareholders of the organization while little or no attention has been paid to public sector and the private enterprises in developing countries. This has been ignored by the literature. This study investigates the ethical dimensions of corporate governance practice in Ghanaian public sector and private enterprises. It aims to understand the phenomena of governance practices in this context and examine its implications for good corporate governance systems in Ghana. Using grounded theory methodology, data was collected from 28 semi structured interviews with board of directors and senior officials, and group discussion of 9 participants, mainly directors and officials involved with Ghanaian corporate governance system. The interviews were informed by the survey of governance practice. Through the constant comparative method of open coding of interviews, categories emerged which were subsumed into main categories during the axial coding. The paradigm model was used to establish the relationship among the categories. This formed the basis for the selective coding which identified the core category and its relationships with the sub-categories, verified to develop the substantive theory of corporate governance systems. The study explored the relationship between culture relativism and universalism and the formal theory in terms of stakeholder theory and shareholder theory. The substantive theory identifies that corporate governance practice in the public sector and private enterprises is influenced by traditional cultural values which has implications for ethical business environment. This study is the first attempt to combine corporate governance, grounded theory and national level culture in public sector and business enterprises, and to offer relevant recommendations for policy-makers. The substantive theory demonstrate that corporate governance systems are socially constructed and as such understanding the behaviour of board of directors is vital for understanding how corporate governance is practiced. The study contributes to better understanding of governance practice in the public sector organisations and the informal sector
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Přidal, Martin. "Enhancing the Better Corporate Governance Practice: From Accounting Scandals to Tax Risk Management." Master's thesis, Vysoká škola ekonomická v Praze, 2010. http://www.nusl.cz/ntk/nusl-75024.
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Recent accounting scandals and current global financial crisis have brought new demands on the whole corporate world. The call for better corporate governance is strengthening in all business areas including tax. Tax non -- compliance brings substantial risks for both tax payers and tax revenue authorities. The way how companies manage their tax risks can significantly influence their overall financial performance and reputation. The paper deals with issues of tax non -- compliance as a lack of good corporate governance practice. The main goal of the paper is to put tax into the concept of corporate governance. Moreover, the paper deals with the concept of tax risk management as a way of how tax compliance in general could be enhanced and introduces the current international practice in this field.
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Hendawi, Raed Diab Moh’d. "Assessment Of Corporate Governance Practices In Jordan: An Empirical Investigation." Thesis, University of Bradford, 2013. http://hdl.handle.net/10454/12980.
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Corporate Governance (CG) nowadays is on the agenda of most developed and developing countries, including Jordan, and is receiving considerable attention in the business world as well as in the area of academic research, which is an indication of its importance for business development and society as a whole. The knowledge base about CG in developing countries appears to be limited, but it is growing in size and importance. This study therefore aims to investigate current CG practices and barriers to the development of good CG practices in firms. In order to accomplish the research objectives, a mixed research methodology was adopted. The findings of the study contribute to knowledge by providing empirical data to test and extend the theory of CG. The results suggest that most big and old firms are applying best practice of good CG. Regarding factors inhibiting the practice of effective CG, the results indicate that weakness of the legal environment for firms and lack of knowledge of BODs about CG principles are the most important factors. The empirical results find that constitution, compliance and conscience will affect firm’s performance positively. Separation between the position of CEO and Chairman, the existence of independent NEDs, the use of board subcommittees and a strong disclosure regime also help firms to improve performance. On the basis of the empirical results, the study recommends that the government needs to reform the relevant legislation. These suggestions may strengthen the internal governance of firms, thereby increasing performance and maximise shareholders’ wealth.
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Hendawi, Raed Diab Moh'd. "Assessment of corporate governance practices in Jordan : an empirical investigation." Thesis, University of Bradford, 2013. http://hdl.handle.net/10454/12980.
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Corporate Governance (CG) nowadays is on the agenda of most developed and developing countries, including Jordan, and is receiving considerable attention in the business world as well as in the area of academic research, which is an indication of its importance for business development and society as a whole. The knowledge base about CG in developing countries appears to be limited, but it is growing in size and importance. This study therefore aims to investigate current CG practices and barriers to the development of good CG practices in firms. In order to accomplish the research objectives, a mixed research methodology was adopted. The findings of the study contribute to knowledge by providing empirical data to test and extend the theory of CG. The results suggest that most big and old firms are applying best practice of good CG. Regarding factors inhibiting the practice of effective CG, the results indicate that weakness of the legal environment for firms and lack of knowledge of BODs about CG principles are the most important factors. The empirical results find that constitution, compliance and conscience will affect firm’s performance positively. Separation between the position of CEO and Chairman, the existence of independent NEDs, the use of board subcommittees and a strong disclosure regime also help firms to improve performance. On the basis of the empirical results, the study recommends that the government needs to reform the relevant legislation. These suggestions may strengthen the internal governance of firms, thereby increasing performance and maximise shareholders’ wealth.
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Harrison, James John Henderson. "Corporate governance in the NHS : an assessment of boardroom practice in English district health authorities." Thesis, Aston University, 1996. http://publications.aston.ac.uk/10817/.
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Corporate Governance - which is concerned with the management and direction of organizations at the very highest level - has grown in importance in the private sector, from where the concept largely derives, as a result mainly of malpractice. As a consequence, interest in the topic has grown steadily, largely on the part of Governments, regulators and academics. Managerial reforms of the NHS introduced refashioned District Health Authorities (DHAs) which mimic the role and structure of the Company board. The research reported in this thesis is an assessment of corporate governance in post reform English DHAs. The research examines the characteristics of directors, the extent to which corporate governance can be empirically demonstrated, the extent to which it is consistent with the Working for Patients reforms, and, the consequences of such changes for the development of directors and of DHAs. The research also considers the relevance of the findings to other parts of the NHS and public sector. The work draws upon the conceptual framework established by Tricker (1984; also Hilmer & Tricker 1991) with detailed survey and case study findings concerned with issues of direction, executive management, supervision and accountability. The findings from this new research make an important contribution to the policy debate and to the literature(s) concerned.
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Habbash, Murya. "The effectiveness of corporate governance and external audit on constraining earnings management practice in the UK." Thesis, Durham University, 2010. http://etheses.dur.ac.uk/448/.
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Agency theory predicts that corporate governance and external audit enhance the convergence of interests between shareholders and managers. The primary objective of this thesis is to investigate the effect of corporate governance and external audit on constraining earnings management practice in the UK. In this thesis, earnings management is measured using the magnitude of discretionary accruals as estimated by the performance matched discretionary accruals (Kothari et al., 2005) model. A review of the corporate governance literature reveals sixteen attributes that can impact on shareholders’ perception of earnings quality due to their role in enhancing financial reporting integrity. The corporate governance attributes are organized in four categories: 1) Board Composition; 2) Audit Committee Effectiveness; 3) Non-Executive Directors’ (NEDs) Commitment; and 4) Ownership Structures. The external audit factors include auditor independence and audit quality. Two models are constructed and a set of hypotheses are stated. These models are tested using a sample consisting of the top 350 companies listed on the London Stock Exchange. Firms in the financial, mining and regulated industries are excluded due to different accrual choices and valuation processes. The study covers the period of four financial years (2003, 2004, 2005 and 2006). Nineteen hypotheses are derived from both models. These hypotheses are tested using univariate and multivariate techniques to determine if corporate governance attributes and external auditor factors significantly constrain discretionary accruals. The results reveal that board size and independence, audit committee independence and expertise, nomination committee independence, chairman independence, the level of NED fees and an independent and specialised external auditor are negatively associated with earnings management at significant levels. The primary contribution to knowledge of this research is its extension of the literature on the role of corporate governance and the external auditor in constraining earnings management practice in the UK. This study’s results are useable by stock market participants in their evaluation of corporate governance and the role of the external auditor in enhancing earnings quality. The findings will also assist regulators in defining effective corporate governance attributes and assessing the disclosure of corporate governance practices.
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Ajibadé, Mimi. "A case study of corporate governance practice of SMEs listed on ChiNext, China's Growth Enterprise Market." Thesis, SOAS, University of London, 2014. http://eprints.soas.ac.uk/20378/.
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Launched in October 2009, ChiNext provides finance for hi-tech and innovative SMEs from China's Strategic Emerging Industries. SMEs with families, individuals and groups of individuals as controlling shareholders dominate listings. Employing both qualitative and quantitative research methods with a socio-legal approach, this thesis examines the legal and regulatory framework and practice at company level emerging in a market dominated by private 'owner-managers'. The research makes three main contributions as follows. Firstly, the thesis finds that social norms such as Chinese networks (guanxi) and Confucian filial piety (xiaoshun) play an important role in internal governance privately listed SMEs in ChiNext. Interestingly, large individual pre-IPO subscriber who hold non-executive directorships have the potential to and do constrain controlling shareholders through the use of guanxi arising from being key start-up or early investors in the company. Their effectiveness as a corporate governance mechanism may depend on how aligned their interests are with minority shareholders. Equally, filial piety plays a key internal governance role in (conflicting and complementary) parallel to the legal and regulatory corporate governance framework, not only in family-run listed companies but also in other private and State listed companies. Secondly, the thesis finds that bottom-up corporate governance innovations occur in privately listed companies on ChiNext by adapting existing institutions or adopting nonmandatory requirements to their corporate framework. Results of the research demonstrates the emergence of a new category of supervisors sitting on the supervisory board at company level not expressly provided for under Chinese Company Law or corporate governance regulations. Finally, the research observes two key mechanisms in support regulatory enforcement in the private listed sector, namely the media as a corporate governance watchdog on ChiNext based on its state role as public opinion supervisor (yulun jiandu), and China's public whistle-blowing system (jubao) as a voice for investors and stakeholders alike.
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Strohm, Christiane. "United States and European Union auditor independence regulation : implications for regulators and auditing practice /." Wiesbaden : Deutscher Universität-Verlag, 2006. http://www.springerlink.com/content/q67226/.
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Milton, Malin. "Mognaden av IT governance på ett Västsvenskt miljöföretag : en fallstudie på Rent & Varmt AB." Thesis, Linnéuniversitetet, Institutionen för datavetenskap, fysik och matematik, DFM, 2012. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-20540.
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Chen, Xiaoying. "Risk alignment or reward to effort? option compensation in practice /." [Kent, Ohio] : Kent State University, 2006. http://www.ohiolink.edu/etd/view.cgi?acc_num=kent1154972501.
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Thesis (Ph.D.)--Kent State University, 2006.Title from PDF t.p. (viewed June 11, 2009). Advisor: Mark E. Holder. Keywords: corporate governance, executive compensation, employee stock options. Includes bibliographical references (p. 80-84).
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Kimmet, Philip, and n/a. "The Politics of Good Governance in the Asean 4." Griffith University. Griffith Business School, 2005. http://www4.gu.edu.au:8080/adt-root/public/adt-QGU20060307.141018.
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'Good governance' is an evolving and increasingly influential discursive agenda that introduces new ideas about public policy, specifically targeting managerial behaviour and promoting modern administrative strategies. Most scholars agree that as a notion, good governance combines liberal democratic principles with a 'new public management' (NPM) approach to economic policy-making. What is less clear is who the agenda actually targets. In other words, is the good governance agenda aimed at rulers in particular or the broader population? Implicit in the answer is whether good governance concepts are simply useful tools to help build political credibility, or the agents for better managerial and administrative outcomes. In countries with advanced economies, good governance is invariably used to describe corporate and public administration strategies that invoke ethically grounded 'World's best practice' standards and procedures. However, in developing economies, good governance can take on quite different, and often unintended meanings. This thesis finds that in developing countries good governance is being expressed more as a political tool than as substantive practice and policy reform. This is occurring in an increasingly 'post-Washington consensus' environment that explicitly recognises the importance of the social impact of structural adjustment programs and broader issues of human rights. And importantly as far as this thesis is concerned, during Southeast Asia's current economic recovery, good governance has taken on a whole new relevance. This analysis commences from the assumption that good governance is a discursively created phenomenon that can be understood as a complex notion with both structural and ideational elements. The term is couched in a structure that is both economically technical and socially normative. It has overlapping central tenets driven by regulation and the institutional environment, and should not be viewed as a set of constructs in isolation from the context in which it is being used. And it is based on assumptions about common sense attitudes and shared common good objectives. And as this thesis will demonstrate, good governance functions within an unpredictable and often hostile political environment in which powerful actors are learning to use this new discourse to satisfy political expediencies. Put simply, good governance is nourishing a politics of its own. The thesis uses the ASEAN 4 countries of Southeast Asia: the Philippines, Thailand, Malaysia and Indonesia, as individual and comparative case studies. The studies examine how the concept is shaping the institutional structure of these countries, and includes commentary on the role of good governance in the 2004 round of election campaigning. A genealogy of good governance will be developed in these local contexts, and more generally. This will assist in mapping the concept's evolution in relation to development trajectories and local politics. The hypothesis under examination is - that the good governance agendas in the ASEAN 4 states primarily focus on improving representative rule rather than encouraging self-regulation. Two questions in particular are asked in each of the case studies dor the purpose of testing this hypothesis. What defining features of good governance discourse have been instrumental in the emergence of the politics that surrounds the agenda, and how is the discourse used to expand or limit the democratic possibilities theoretically inherent in good governance strategies and processes? These questions are important because they're designed to bring clarity to the intent of government and the role that the governed play in states where good governance is an increasingly important political issue. Good governance is more than merely a set of prescribed policies and practices. It is an agenda that reflects a specific set of 'neoliberal' ideas, predicated upon generally unarticulated assumptions about the universality of modern administrative practices supported by normative behavioural change. And it appears to privilege specific interests with potentially unjust implications for wider social formations. This assertion pivots on the finding that in various ways good governance discourages the advancement of open politics beyond nominal democratic procedures because it is theoretically grounded on governance principles that are not easily transferred to developing countries with diverging political, cultural and historical experience. Nevertheless, the attempt is underway. Ostensibly it is taking a form that is schooling targeted populations in what is 'good' and 'bad' in the economic interest of the nation. However, these efforts don't appear to be succeeding, at least not in the way the international architects of good governance intended. This thesis finds that this 'mentality' transformation project is clearly informed by Western experience. And this informs the theoretical approach of the thesis. Specifically, a 'governmentality' framework is used, largely because it has been developed out of analyses of rationalities of government in advanced liberal societies, in which the objectives of good governance are firmly grounded. And as this expanding research program has seldom been used to study government in developing countries, this thesis also puts a case for using governmentality tools beyond the boundaries of its modern Western foundations.
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Santos, Adriano Lentz. "Governança corporativa e o desempenho das empresas de construção civil listadas na BM&FBovespa." Universidade do Vale do Rio dos Sinos, 2013. http://www.repositorio.jesuita.org.br/handle/UNISINOS/4045.
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O tema Governança Corporativa tem sido objeto de constantes pesquisas no meio acadêmico e profissional. A GC pode ser definida como um sistema pelo qual as organizações são dirigidas, monitoradas e incentivadas, envolvendo os relacionamentos entre seus proprietários, Conselho de Administração, Diretoria, órgãos de controle e demais stakeholders. Uma boa GC é tida como importante ferramenta para o acesso das empresas ao mercado de capitais. Partindo destes pressupostos e do interesse objetivo deste pesquisador pelo setor de construção civil no mercado brasileiro, esta dissertação buscou analisar o grau de evolução da Governança Corporativa das empresas brasileiras de capital aberto deste setor, listadas na BM&FBovespa. A presente pesquisa foi de caráter descritivo. Buscou-se analisar variáveis indicadoras do nível de governança consagradas na literatura. Foram analisados: o grau de independência dos conselheiros (INDEP); a segregação ou não de funções entre a Presidência Executiva e a Presidência ou participação no Conselho de Administração (SC); o número total de membros do Conselho (TOT); o percentual de ações em circulação (FREE FLOAT); e a adesão ou não das empresas a algum nível diferenciado de governança na BM&FBovespa. Os resultados apontaram situações diversas. Quase a totalidade das empresas pertence a segmento diferenciado de governança; por outro lado, na maioria das empresas o presidente executivo também faz parte do Conselho de Administração. Por fim, buscou-se verificar como as cinco variáveis estudadas influenciavam o nível de rentabilidades das ações das empresas e o ROE das mesmas. Os resultados não foram conclusivos neste sentido, com uma única variável significativa, INDEP, porém, esta se apresentou com sinal inverso ao esperado.
The Corporate Governance (CG) theme has been subject of ongoing research in academic and professional areas. Corporate Governance can be defined as a system by organizations are driven, monitored and encouraged, involving relationships between its Owners, Management Board, Directors, control agencies and other stakeholders. An effective CG is considered an important business tool for companies' access to stock options. Based in these assumptions and the researcher interest in the Brazilian construction sector, this paper seeks to analyze the degree of evolution of Corporate Governance of Brazilian companies traded in this sector listed on the BM&FBovespa. This research was descriptive-oriented. Initially, it was identified the main indicator variables about level of governance established in the literature. The following variable were analyzed: the degree of independence of directors (INDEP), segregation or not of duties between the Presidency, Executive Presidency and membership on the Board of Directors (SC), number of Board members (TOT), the percentage of shares outstanding (FREE FLOAT), and attendance of differentiate level of CG by some companies of the BM&FBovespa. The results presented different situations. Almost all companies belong to different segment of governance; at the time, in most companies the CEO also attends the Board of Directors. Finally, it was verified how the five variables influencing the level of profitability of company stock and the same ROE. The results were not conclusive in this regard, with one significant variable, INDEP, however, this is presented with opposite sign than expected.
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Foua, Bi Kema Alexis. "Enduring child labour on Ivory Coast's cocoa farms : practicality of the ILO standards and the missed opportunities." Thesis, Brunel University, 2014. http://bura.brunel.ac.uk/handle/2438/10578.
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This thesis examines the enduring nature of child labour on Ivory Coast’s cocoa farms. The thesis shows that the role of the state in promoting instead of inhibiting child labour practices in the Ivory Coast favours the thriving of challenging factors to any prospect of a total abolition. This thesis focuses on the influences of traditions customary practices underpinning the child labour practice. The thesis shows the adverse role of Multinational Corporations operating in Ivory Coast’s cocoa industry. This thesis shows that despite Ivory Coast being a signatory to the ILO Convention on the Worst Forms of Child Labour 1999 (No. 182), the United Nations Convention on the Rights of the Child (1999) as well as other regional and sub-regional legal instruments, the appropriate legal and policy response to child labour has yet to be provided. The thesis, therefore, offers the pedagogic approach as the shifting factor.
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Yang, Kisuk 1962. "Fundamentals of divestiture as a restructuring method : case study of LG demergers in terms of shareholders value and corporate governance in the context of Korean practice." Thesis, Massachusetts Institute of Technology, 2003. http://hdl.handle.net/1721.1/28283.
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Thesis (M.B.A.)--Massachusetts Institute of Technology, Sloan School of Management, 2003.Includes bibliographical references (leaves 79-82).
This thesis is to generally review the practices and cases in the global capital market places in regard to the divestitures as one of the corporate restructuring instruments and to confirm the generally acceptable hypothesis that the most of breakup cases driven by the strategic purpose of "focus and concentration" would be justified by the enhancement of shareholders value. And the discussion expands to the divestitures in Korea introduced in late 1990s, which prevailed and practiced widely in the market ever since, but in some cases, it was combined with formation of the holding company structure in accordance to the Monopoly Regulation and Fair Trade Act making the issue complicated one in regard to the reform and restructuring of major conglomerates, the "Chaebol" in Korea. The LG demerger cases were right in the center of the discussions, and this thesis is to address four hypotheses in regard to the background, key components, aftermaths, and the implication of the LG's transaction through which it would be assessed in terms of shareholders value and corporate governance in the context of Korean practice.
by Kisuk Yang.
M.B.A.
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Chariri, Anis. "The dynamics of financial reporting practice in an Indonesian insurance company a reflection of Javanese views on an ethical social relationship /." Access electronically, 2006. http://www.library.uow.edu.au/adt-NWU/public/adt-NWU20070911.115631/index.html.
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Williams, Elizabeth-Ann. "Improving political oversight in municipalities: examining the law and practice surrounding oversight by the council over the municipal Executive and the municipal administration." Thesis, University of the Western Cape, 2012. http://etd.uwc.ac.za/index.php?module=etd&action=viewtitle&id=gen8Srv25Nme4_9918_1370594957.
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Peirano-Vejo, Maria Elisa. "Knowledge creation : a study of consulting practice in corporate governance : a thesis presented in partial fulfilment of the requirements for the degree of Master of Management at Massey University, Palmerston North, New Zealand." Massey University. Department of Management, 2004. http://hdl.handle.net/10179/247.
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The management consulting industry has been growing exponentially during the last two decades influencing the relationships between business schools, corporations and universities, achieving a significant role as a modern "knowledge creator". This thesis studies the process of knowledge creation undertaken by management consultants. The academic mode of creating knowledge as described by Kuhn (1996) was used to direct this exploration of consultants as a knowledge creating community. The purpose of using the scientific method of knowledge creation is not to compare or to judge consulting knowledge, but to use it as a way of entry to explore consultants' practices. In a complementary way to Kuhn's core concepts, a brief Foucauldian overview identified concepts like inclusion and exclusion, discourse and the notion of practices, which are used in the analysis. An empirical research was conducted focusing specifically on a group of practicing consultants in New Zealand. Thirteen consultants who specialize in corporate governance advice were interviewed. Corporate governance was chosen as a field of advice because it is a clearly separable area of management consulting. In this study, the categories of community and paradigm served as a point of entry to explore knowledge creation practices. The data was analyzed qualitatively in search for evidence of community belonging and patterns in consultants' knowledge creation practices. It has been found that consultants, in spite not having a formal regulating professional body, behave as a professional community that has entry requirements, exit procedures and credentials for belonging. Consultants define their identities in the intersection of overlapping communities, which sometimes include their former educational backgrounds, their professions and their current practice. Research findings show that consultants in governance share a paradigm, which trascend particular consulting firms and reach a larger group of consultants. This paradigm has quality control processes such as reputation and re-engagement, and common methods in dealing with governance problems. In addition, in terms of the body of knowledge shared, there are certain factors that determine the value of that knowledge for consultants such as novelty, commercial value, utility and accessibility.
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Fridman, Josef J. "Corporate governance : a practical and effective response to the challenges raised." Thesis, McGill University, 2004. http://digitool.Library.McGill.CA:80/R/?func=dbin-jump-full&object_id=85218.
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This thesis seeks to address corporate governance from both a practical as well as an academic perspective. It searches for solutions to self-interest and agency costs, problems that it is posited are innate to the anthropomorphism of the corporation and to the separation of management and ownership of widely held, publicly traded, corporations.Practically, this dissertation is anchored in experience, garnered from empirical research, based on in depth and general surveys, as well as detailed interviews. It examines the workings of corporations, including their boards of directors, of gatekeepers, of checks and balances and of shareholders and the relative importance and rationale for the roles that they play. Based on the academic and empirical efforts it is posited that self-interest and the funneling syndrome, (a process whereby information required for decision making is constrained and managed by those in control), almost always predetermines the outcome of the corporate formal decision making process involving the board of directors. This facilitates abuse. When it occurs and there appears to be no accountability, confidence essential to the capital markets, quite understandably, suffers.
A hypothesis is advanced to explain the complexity of a potential failure of corporate governance through a relatively simple formula. It draws conclusions as to what is required to help address the challenges raised by the breakdown in effective corporate governance and to help instill greater investor confidence. A self-assessment mechanism to help quantify how effectively a corporation is dealing with corporate governance, both on an absolute basis (comparing itself year over year) and on a relative basis (compared to one's peers) is proffered. This tool of more effective corporate governance, seeks to identify the causes for breakdowns in corporate governance and to assist a board of directors in dealing more proactively with this challenge.
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Al, Kahtani Faleh Salem B. "Current practices of Saudi corporate governance : a case for reform." Thesis, Brunel University, 2013. http://bura.brunel.ac.uk/handle/2438/7382.
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One of the most debated issues is that of corporate governance. The topic has been investigated by scholars from several scientific fields including the legal. Indeed, corporate governance has been examined by a great number of law scholars, with particular regards to the improvement of various aspects. For example, effective corporate governance focuses on protecting and advancing aspects related to shareholders’ rights, the board of directors and corporations’ internal and external audit systems. The main objective of this research is to suggest reformation to the Saudi corporate governance framework in order to achieve satisfactory corporate governance practices. The second purpose of the research is to investigate the current practices involved in Saudi corporate governance arrangements. The final aim is to determine how a Saudi corporate governance framework would most benefit corporate governance from the Islamic perspective. This study intends to provide a regulatory analysis to influence those regulations that should be implemented to adjust corporate governance practices as they affect the Saudi capital market. The researcher found that Saudi corporate governance has been promulgated in accordance with principles of on-going international corporate governance. Alternatively, the Islamic perspective on corporate governance has been debated more recently, as an idea that needs to be progressed in order to provide associated benefits to the corporate governance framework in Saudi Arabia. Therefore, Saudi corporate governance provisions can be seen as based largely on positive man-made laws. The researcher further discovered that Saudi corporate governance as an institutional framework is divided between several institutions, whether internal or external, which might result in some ambiguity when it comes to implementing good corporate governance practices. However, the research results revealed that Saudi corporate governance provisions have to be reformed in accordance with popular worldwide corporate governance principles, namely the UK Corporate Governance Code, the UK Companies Act and the OECD principles of corporate governance produced.
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Magrus, Abdelhamid Ali Ali. "Corporate governance practices in developing countries : the case of Libya." Thesis, University of Gloucestershire, 2012. http://eprints.glos.ac.uk/3286/.
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Corporate governance is currently on the agenda of many countries, and is receiving considerable attention in the business world as well as in the area of academic research, which is an indication of its importance for business development and for society as a whole. A large body of the currently available knowledge addresses this phenomenon from the perspective of the developed economies. Although the knowledge base about corporate governance in developing countries appears to be limited, it is growing. The main aim of this study is to investigate current corporate governance practices, perceptions and obstacles within Libya following the introduction of the Libyan Corporate Governance Code (LCGC). To achieve this aim, the study investigates: first, the nature and extent of applying current corporate governance; secondly, the perceptions of listed companies' staff (senior managers and employees in financial positions) and Libyan financial experts (academics and auditors) regarding the introduction of the LCGC; thirdly, the current obstacles facing the application of LCGC; and, finally, the views of the Libyan regulators and officials in relation to the obstacles identified and how they may be reduced. In order to accomplish the research objectives, a mixed research methodology was adopted: This involved using two types of research methods for collecting data: semistructured interviews and a questionnaire survey divided into three sequential stages: firstly, interviews were conducted with board members of the companies surveyed; secondly, a questionnaire was distributed to selected staff of the companies surveyed and Libyan financial experts; thirdly, further interviews were conducted with Libyan regulators and officials. The findings of the study revealed that corporate governance in Libya is in its early stages of development and is characterised by a weak legal environment, lack of knowledge about corporate governance, poor leadership, lack of training among directors and weak investment awareness among investors. Therefore, the influence of social, cultural and economic factors is evident. The results also suggest that urgent action is needed in order to facilitate the implementation of a good corporate governance system in Libya.
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Teh, Chor Tik. "Compliance and impact of corporate governance best practice code on the financial performance of New Zealand listed companies : a thesis presented in partial fulfilment of the requirements for the degree of Doctor of Business and Admnistration at Massey University, Auckland campus, New Zealand." Massey University, 2009. http://hdl.handle.net/10179/1004.
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The corporate governance best practice code (Code) of the New Zealand Exchange (NZX) came into effect on October 29, 2003. However, so far there is no systematic study of compliance with and impact of NZX Code on the performance of NZX companies. This study attempts to provide some answers to the perceived knowledge gap. The NZX Code recommends certain governance mechanisms to enhance corporate performance. The mechanisms analysed in this study are the percentage of independent directors, duality, presence of board subcommittees (audit, remuneration, and nomination), and the performance evaluation of board and individual directors. This thesis examines the possible relationship between recommended governance structures and the performance of NZX companies for the years 2003 (pre-Code) and 2007 (post Code), using data from the same 89 companies for each year. Although the number of companies adopting the NZX structures has increased, the rate of full compliance of the Code remains disappointingly low, rising from 5.6% in 2003 to just 22.5% in 2007. Probably due to the small sample size relative to the number of independent variables, and the problem of co-linearity, the multiple linear regression results do not seem to be conclusive and may be unreliable as the basis to form any formal statistical inference. However, treating the 89 companies as the whole population (89 out of 90), and using a simpler and more descriptive statistical tool to analyse the impact of individual independent variables on firm performance, the 2007 results show a consistent pattern of a positive relationship between Code compliance and firm performance, assuming all other factors being constant. This positive relationship is further reinforced by dividing the population into the various industry groupings as classified by the NZX, which also results in a consistent pattern of companies which comply fully with the Code structures financially outperforming companies that only partially comply with the Code during 2007. Surprisingly, listed companies adhering to the Chairman/CEO dual role do not seem to have impacted negatively on firm performance, contrary to agency theory expectation.
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Setiawan, Agus. "The evaluation of corporate governance practise in Indonesia a case study /." Access electronically, 2007. http://www.library.uow.edu.au/adt-NWU/public/adt-NWU20080318.115111/index.html.
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Thorburn, Robert. "Corporate governance in South Africa : practices, perceptions and the road ahead." Thesis, Stellenbosch : Stellenbosch University, 2008. http://hdl.handle.net/10019.1/4392.
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Thesis (MBA (Business Management))--Stellenbosch University, 2008.ENGLISH ABSTRACT: Corporate governance presents the researcher and the theorist alike, with a rich vein of potential subject matter. This spans a massive scope of issues, ranging from feminist concerns to direct litigious anomalies during the multinational implementation of specific governance measures. Located towards the centre of this spectrum is the formulation of new governance policies, as informed by both theoretical foundations and real world experience. It is at this midway point that the South African governance debate currently finds itself, with the third edition of the King Report on Corporate Governance set for launch in the coming months. The report and the associated code will form the basis for all governance and related oversight mechanisms in South Africa for the foreseeable future. As such, the third report will have to organically grow out of the current structure, the lessons learnt from the current dispensation and the governing theoretical positions. All of these will also have to be done with reference to the new companies act. The research report is specifically targeted at assisting in the process of learning from the current dispensation, before it is replaced by the new. The learning process has as its central tool a formal questionnaire, which was developed and administered by the IOD and KPMG, with all analysis presented herein performed by the author of this research report. The analysis conducted aims to determine how respondents at different types of companies and in different functions, view corporate governance and specifically the current dispensation in South Africa. This is done by dividing respondents into 10 groupings and determining the percentage of respondents from each group, who responded in a certain manner to each question on the questionnaire. Thereafter a statistical analysis technique is employed to determine whether or not any differences found are meaningful and if so, what can be inferred from these differences. Finally, this study is intended to provide a baseline for future studies, which will then be in a position to more accurately measure shifts in attitude and implementation after the publication of the third King Report.
AFRIKAANSE OPSOMMING: Korporatiewe bestuur, hetsy van ‘n suiwer teoreties of ‘n toepassingsoogpunt, bied aan die navorser ‘n magdom van moontlike onderwerpe. Dit sluit bykans enige denkbare invalshoek of fokus area in, van die feminisme tot regskwessies rondom die multinasionale implementering van ‘n enkele kode of beginsel. Midde in hierdie wye veld is daar ook areas wat na beide die teoretiese en praktiese verwys, waarvan die ontwikkeling en opdatering van korporatiewe bestuurskodes ‘n sprekende voorbeeld is. Dit is dan juis ook op hierdie punt waar die debat rondom korporatiewe bestuur in Suid-Afrika sigself tans bevind, met die derde King Verslag op Korporatiewe Bestuur wat binne die volgende paar maande verwag word. Die belang van hierdie verslag lê daarin dat dit, asook die meegaande riglyne, die basis sal vorm van korporatiewe bestuur in Suid-Afrika vir die afsienbare toekoms. Om volwaardig in hierdie kapasiteit te kan funksioneer, sal die nuwe verslag organies moet groei uit die huidige verslag, ervaring in die praktyk en ook die heersende teoretiese posisies. Die ontwikkeling moet dan ook verder tred hou met die nuwe maatskappye wet, wat tans ontwikkel word. Die navorsingsverslag wat hierin voorgelê word, is daarop geteiken om uit die huidige sisteem, spesifiek die tweede King Verslag en meegaande riglyne, te leer alvorens dit vervang word deur die derde King verslag. Die taak is moontlik gemaak deur die gebruik van ‘n vraelys saamgestel en gesirkuleer deur die IOD en KPMG, alhoewel al die analise hier voorgelê deur die outeur van hierdie verslag gedoen is. Die genoemde analise se sentrale fokus is om te bepaal hoe respondente uit verskillende maatskappye en beroepe, korporatiewe bestuur in Suid-Afrika sien, met spesifieke verwysing na die tweede King verslag. Verskille tussen die respondente, wat in 10 groepe ingedeel is, is dan ook statisties geanaliseer om te bepaal of enige verskille tussen die groepe statisties beduidend is en indien wel, wat daaruit afgelei kan word. Laastens is die studie ook opgestel om ‘n basis daar te stel vir toekomstige vergelykende studies, wat sal volg na die uitreiking en implementering van die derde King verslag en riglyne.
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Al-Habshan, Khalid Saad. "Corporate governance disclosure practices and protection of shareholders in Saudi Arabia." Thesis, Brunel University, 2015. http://bura.brunel.ac.uk/handle/2438/11065.
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Corporate governance in general has become the new crucible in which corporations are tested and declared worthy of the trust of international investors. In an age when countries compete in a global economy, compliance with corporate governance standards has become crucial to the survival of businesses. Especially in the Middle East, which is culturally and politically distant from the rest of the world, compliance with the internationally accepted principles of corporate governance has become a challenge. This thesis aims to examine how a specific aspect of corporate governance—disclosure and transparency—is viewed and applied in the Saudi Arabian context. The results of this study are important primarily for Saudi Arabian businesses positioned to play a significant role in the global economy. The Saudi economy is one that has a number of industries such as the oil industry, which forms the largest contributor of the GDP of the nation; about 67%. Other companies in the country include those, which deal in consumer goods, the financial sector, the media, retail, telecommunications, technology, travel and leisure and telecommunications. The largest conglomerates are those that deal in the oil and gas industry. These companies could benefit greatly from the financial strength provided by international investments, the technical and strategic advantages offered by partnerships and joint ventures with foreign companies and the market leadership obtained by gaining the trust and confidence of consumers in the global market. Achieving these benefits becomes feasible only if Saudi firms can comply with the minimum disclosure and transparency requirements. The thesis employs critical and comparative analyses. It explores the academic literature on corporate disclosure and discusses the theories and principles espoused in the context of the Saudi Arabian legal and regulatory framework. Also discussed is the vital role of the Islamic principles in Sharia law, which forms the basis of the Saudi legal system. This study proposes corporate disclosure practices as the basis for comprehensive reform of Saudi Arabia’s Capital Market Authority. The idea of corporations is alien to the Islamic law, but the idea of disclosure and transparency is a fundamental of the Islamic corporate governance. The disclosures that the organizations make have a target of attaining transparency and the promotion of market discipline concerning the same institutions. There is also the conceptualization of the fact that the effectiveness of the corporate organizations relies on how they complement the international standards. The study offers recommendations for increasing transparency, disclosure and the associated principles in the Saudi Arabian stock market and better protecting minority shareholders. These recommendations follow the United Kingdom’s corporate governance approach but reflect the interests, culture, treaties, Sharia principles and legislative reforms of the Kingdom of Saudi Arabia. The thesis concludes by presenting the Saudi perspective on disclosure and transparency and its prospects for future development.
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Kerr, Vindel Leroy. "Exploring corporate governance structures and practices in Jamaica : towards policy reform." Thesis, University of Manchester, 2010. https://www.research.manchester.ac.uk/portal/en/theses/exploring-corporate-governance-structures-and-practices-in-jamaica-towards-policy-reform(293fd6e3-436c-49d2-8288-74a5bd2d4385).html.
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This study explores corporate governance (CG) structures and practices in Jamaica to fill theoretical, practical and public policy gaps. The study is organized into four parts and nine chapters. Part one is an introduction to the thesis and the contextual setting. Part two explores the theoretical and methodological framework via an in-depth review of the social science literature on CG and sets out the research strategy and methodology. Part three analyses and discusses the findings from the fieldwork, and part four examines gaps, proposes recommendations for reform, discusses conclusions, limitations of the study, and suggestions for future research. The study assumes a two-fold hypothesis of a CG problem and public policy problem. The CG problem is characterised by a dearth of empirical literature, a lack of CG awareness, and inadequate and poor CG practices among public bodies. The public policy problem is defined by a weak regulatory framework, systemic weaknesses in the financial sector, and pervasive corporate and political corruption. In seeking solution to the problems under review, the study adapts the interviewer’s administered survey method supported by three in-depth case studies and two focus groups. The views of about 100 respondents were sought and an additional unspecified number of informal informants. This multi-technique approach ensured that the weaknesses of a given technique were compensated for by the counterbalancing strengths of other techniques. The key themes of focus were regulation, corruption, ownership and control, stakeholder relations, perceptions and role of institutional investors, board characteristics and processes and the board’s role in strategic decision-making and corporate disclosures. The findings revealed that while Jamaica has implemented several laws and regulations, there are still gaps in coverage, content and effectiveness of implementation. Corruption is still rampant in spite of evidence of a reduction since 2006 (TI 2008 Report). Ownership and control of Jamaican firms are highly concentrated and mainly by oligarchic groups giving way to such problems as an under-developed new issues market, a high degree of insider boards, inadequate minority protection, poor information disclosure, and incentives are aligned to dominant shareholders. There is a lack of representation and voice of employee and trade union representatives in the Jamaican boardrooms and institutional investors (II), while controlling approximately 75% of listed companies, are not interested in promoting CG reform over and above the extent to which such efforts would redound to their self-interest. IIs play influential roles in financing Jamaican politics and control large distribution channels, and determine who gets large private sector contracts. While much is being done internationally to achieve gender balance in the boardroom, the mean number of females on Jamaican corporate boards is 1.8 (or 19.8%) with an average board size of 9.1 Directors. Cross-tabulation analyses were conducted and tests for relationships between and within groups of key variables (board size, Chair/CEO duality, NEDs vs. EDs, number of female Directors with listed and unlisted firms and dominant ownership dispersed vs. closely held) and nothing of significance was found. The study has concluded that reform is needed in several areas. These include increase of coverage and content of legislation and enforcement mechanisms to improve CG and fight corruption; reform of corporate boards - director selection and appointments, board’s role and conduct of Directors, training and board performance evaluation. Future research is directed at more emphasis on CG in developing countries, SMEs, public bodies and non-profit organizations, the role and contribution of employees and trade unions, the board’s role in influencing strategy, and the role of risk management. The study seeks to contribute to the growing body of international literature on emerging CG and targets primarily academics, practitioners and policymakers.
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Akande, Oyebola Bejide. "Corporate Governance Issues in the Nigerian Banking Industry." ScholarWorks, 2016. https://scholarworks.waldenu.edu/dissertations/2467.
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Corporate governance issues resulting from bad governance, fraudulent activities, insider abuse, and corruption have attracted the attention of shareholders and regulators in the banking industry. The financial crisis that erupted from the United States affected the financial institutions of both developed and developing countries, among which Nigerian banks belong. The Central Bank of Nigeria removed 8 managing directors and executive directors due to bad governance, nonperforming loans of 61%, and toxic assets of $13.3 billion; the Central Bank injected 620 billion naira into the banks. The purpose of this multiple case study was to develop an understanding of corporate governance strategies needed to ensure regulatory compliance and enhance financial performance from the perspective of senior management of the regulatory authority and corporate financial leaders. Agency theory served as the conceptual framework for the study. The population for this study was10 senior regulatory leaders and corporate financial leaders in Nigeria. The data sources were semistructured interviews, research notes, codes of corporate governance, and financial reports of banks. Member checking was used to improve the credibility and trustworthiness of the data. After compiling, disassembling, reassembling, and coding the data, 5 themes including the need for: improvement on compliance to corporate governance regulations; effective board governance; training education and awareness on best practices, strategic risk management and internal control; and strategic and effective leadership. Potential implications for social change may include knowledge for investors and the public, who have increasingly relied on financial services in Nigeria to support personal and business goals to identify banks with best practices.
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Hatrash, Hamad Omar. "Corporate finance practices and corporate governance effect on firm performance and information leakage in Saudi Arabia." Thesis, Manchester Metropolitan University, 2018. http://e-space.mmu.ac.uk/620928/.
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The major aim of this thesis is to investigate corporate finance practices, as well as the effect of corporate governance mechanisms on firm performance and information leakage in Saudi Arabia. Saudi Arabia is a major state among developing and Middle Eastern countries, characterised by certain economic and financial differences in contrast with other advanced and developing countries. Little consensus exists with regard to the means through which firms should come to corporate financial decisions. Therefore, a scant number of studies have conducted comprehensive surveys into corporate finance practices, covering capital budgeting, cost of capital, capital structure and dividends. These studies have indicated that firm practices are not always in accordance with academic rules and theories. Regardless of such evidence, no research has been undertaken to explore the discrepancy between financial theories developed in western markets and the corporate financial practices of Saudi firms. Therefore, as far as I am aware, this thesis is the first study seeking to fill this literature gap, providing a contribution to the literature in the form of a comprehensive investigation of corporate finance decision making in Saudi Arabia. To execute this investigation, a draft survey was devised and distributed to the CFOs of all Saudi listed firms. Analysis of the responses indicated that popular techniques were IRR and NPV, for capital budgeting and earnings yield assessments of equity costs. The Zakat rate is the tax rate utilised by 94.2% of Saudi firms, with support present for the pecking-order theory and the trade-off theory. Furthermore, Saudi firms have a long-term target pay-out ratio, while strong support is indicated for the bird in hand theory and signalling mechanism. Moreover, one of the major issues relating to the Saudi market has been the emergence of insider trading and information leakage. Additionally, in 2006 the Saudi stock market crashed, producing a negative influence on investor confidence. Subsequently, Saudi Arabia’s Capital Market Authority (CMA) issued corporate governance regulations; in 2009, the CMA began enforcing these regulations on all Saudi listed firms, as a means of enhancing market transparency and credibility. Despite the significance of these regulations, no existing research has assessed the effect of these regulations on the information leakage phenomenon, or the impact of regulations on firm performance post-2009. Therefore, to the best of my knowledge, this is the first study investigating the effect of these governance mechanisms on information leakage, in addition to firm performance for the post-2009 period. To undertake this examination, information leakage was identified on the basis of cumulative abnormal returns (CARs), prior to quarterly and annual earnings announcements. Three models were utilised to calculate abnormal returns, namely the constant mean return model, market adjusted model and market model. Three measures were applied for firm performance: return on assets (ROA); return on equity (ROE), alongside Tobin’s Q. Additionally, for the regression analysis, the System Generalized Methods of Moments (GMM) was adopted as a control for autocorrelation, heteroscedasticity, heterogeneity and endogeneity. The findings indicated that significant information leakage and CARs was present prior to the official quarterly and annual earnings announcements. Besides, the information leakage level before quarterly earnings announcements for the period 2006-2008 were greater than for 2009-2014. Additionally, the results indicated the negative effect of ownership concentration, government ownership and board subcommittees’ presence on firm performance. Institutional ownership, director ownership, managerial ownership, board size and audit committee size were positively correlated to firm performance. Moreover, the results confirmed that ownership concentration, board size and frequency of board meetings have a positive influence effect on information leakage, whereas institutional ownership, director ownership, board subcommittees’ presence and audit committee size all have a negative impact on information leakage.
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Spaseska, Aleksandra. "Australian investor relations practices." UWA Business School, 2008. http://theses.library.uwa.edu.au/adt-WU2008.0155.
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[Truncated abstract] Investor relations (IR) management encompasses a broad range of activities including voluntary disclosure, attracting analyst coverage, targeting investors, and providing feedback to corporate managers (Byrd, Goulet, Johnson and Johnson 1993; Brennan and Tamarowski 2000; Bushee and Miller 2005). In recent years, a number of high profile corporate collapses and concerns about selective disclosure have contributed to an increased awareness of the importance of effective IR practices in promoting investor confidence. To this end, Australian market regulators and industry bodies have developed a number of best practice guidelines relating to disclosure and corporate governance. The current study undertakes a comprehensive investigation of corporate approaches to IR in the Australian context, and seeks to explain cross-sectional variation in these. The sample utilised in this study comprises 129 All Ordinaries Index (AOI) constituent companies that responded to a mail survey conducted in 2006 regarding their IR practices. The survey of all AOI companies constitutes the first Australian academic survey of IR practices, and the views of the individuals responsible for the function. Self-reported data are combined with data collected from the sample entities' websites to provide a detailed overview of corporate IR programs. The results of the survey suggest that there is widespread recognition, within the sample, of the importance of devoting organisational resources to IR. ... Several proxies for the extent of investment in IR are developed in this study. Two proxies capture organisational arrangements for managing IR, one proxy captures the frequency of one-to-one meetings with analysts and investors, and one proxy captures the quality of IR websites. Multivariate analyses relate cross-sectional variation in these to a number of firm-specific variables. Consistent with findings presented in the empirical voluntary disclosure literature, this study shows that the extent of investment in IR is positively associated with firm size, a finding that is common across all IR proxies. Ownership characteristics play an important role in explaining different types of investment in IR, as captured by the four proxies. Ownership concentration is negatively associated with the likelihood of employing an external IR consultant and positively associated with the frequency with which one-to-one meetings are held with analysts and investors. Firms with a foreign stock exchange listing, a proxy for the importance of foreign investors, achieve higher scores for the quality of their IR websites. Adverse selection models of voluntary disclosure predict that firms with good news are likely to disclose more. In contrast, the results of this study show that less profitable firms and firms with lower price-to-book ratios are more likely to have an IR department/officer, and they achieve higher scores for the quality of their IR websites. Finally, the nature of the investment in IR appears to differ with sector membership. Firms in the Materials and Energy sectors held more one-to-one meetings than firms in other sectors, while firms in the Information Technology sector are more likely to have an IR department or IR officer, and have higher quality IR websites than firms in other sectors.
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Suh, Jaekwon. "Political barriers to market convergence electoral systems, political coalitions, and corporate governance /." Diss., Restricted to subscribing institutions, 2008. http://proquest.umi.com/pqdweb?did=1693027131&sid=6&Fmt=2&clientId=1564&RQT=309&VName=PQD.
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Al, Smadi Safaa Adnan. "Corporate governance and risk disclosures practices in the annual reports of Jordanian banks." Thesis, University of Southampton, 2017. https://eprints.soton.ac.uk/419976/.
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Recent decades have witnessed an increasing demand for risk disclosures, a demand that has augmented since the 2007/2008 financial crisis (ICAEW 2011). According to Dobler et al. (2011), the lack of clarity in risk disclosures, coupled with a complex business environment, are factors, which have increased the need for research into firms’ disclosures about risk and risk management. Furthermore, business scandals and fraudulent cases (e.g. Enron and Worldcom), and the 2007/2008 credit crisis have shaken investor confidence in the information provided by firms (Rajab and Handley-Schachler 2009), and have called into question firms’ risk exposure and the reliability of financial reports (Oorschot 2009). It has been suggested that an increase in more relevant risk information would reduce investors’ uncertainty (Elshandidy and Neri 2015) and enhance the image and reputation of firms (Louhichi and Zreik 2015). This study intends to examine risk disclosure in annual reports of 15 listed Jordanian banks. Further, this research empirically examines the influence of corporate governance factors on the level of risk disclosure in the annual reports. This study will use mixed method research entailing quantitative and qualitative data analysis. Qualitative methods will employ semi-structured interviews, whilst the quantitative approach is based on content analysis and regression analysis over the period (2007-2016). Content analysis investigates risk disclosure volume, categories, nature, timeframe and news-type. Results showed that there is an increase in the number of total risk disclosures in the annual reports of the Jordanian banks for the period examined, banks in Jordan provided similar levels of risk disclosures in terms of total risk disclosure, risk categories, timeframe, news-type and nature (quantitative vs. qualitative). However, Banks did disclose low level of voluntary risk disclosures, most of the risk information was based on mandatory requirements, such as Basel and IFRS.
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Zhou, Tian Shu. "China's legal reform of corporate governance : from theoretical research to practical solutions." Thesis, University of Edinburgh, 2012. http://hdl.handle.net/1842/6416.
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There are two tasks of this dissertation. Firstly, it will make a contribution from a theoretical perspective. Some Western scholars conclude that rules and institutions transplanted from Western jurisdictions have not worked well in the Chinese legal system so far. This is because the level of consistency between the transplanted rules or institutions and the local context is still at a low level. However, this dissertation takes a different position. By solving a series of unanswered questions, it will make a theoretical contribution to the scholarship on comparative corporate governance in the context of the transitional economy. By and large, it will answer the question: "why can China, as representative of a transitional economy, not escape from the faith of legal transplant in its legal reform of corporate governance". Secondly, this dissertation will make a contribution from a practical perspective. Many Chinese lawyers and Western scholars complain that Chinese company law is suffering deeply from the problem of ambiguity. Indeed, it is poorly and inconsistently drafted. There is, nevertheless, no systematic study on how to solve this problem in a pragmatic manner. In light of the proposed theoretical research, this dissertation will provide an important response on this issue. It rebuilds the director's fiduciary duties and shareholder's fiduciary duties by inserting some workable legal rules from the UK into the existing legal regime in China.
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Elghrabawy, Adel. "A contingency framework of enterprise governance in the UK : a value-based management approach." Thesis, Brunel University, 2012. http://bura.brunel.ac.uk/handle/2438/6515.
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Corporate governance (CG) has recently received much attention because of the wave of financial scandals in the early 2000s and the more recent global financial crisis. CG reforms, including laws, codes and listing rules have been established to protect shareholders’ rights and restore investors’ confidence in the capital market. These reforms have largely contributed to the evolution of internal and external governance mechanisms that are aimed at mitigating agency conflicts between managers and shareholders. However, overemphasis has been placed on the monitoring and control dimensions of governance, which may hinder entrepreneurial activities, obscure business prosperity and contribute to a narrow perspective on CG. It has been argued that there is a need to broaden CG beyond compliance (conformance) to a set of rules and laws, to include the performance aspects of governance that focus on strategy and value creation. In other words, governance should not only focus on monitoring managerial performance to ensure accountability to shareholders, but also on mechanisms that motivate management to optimise shareholders’ wealth. Enterprise governance (EG) framework has been introduced to keep the balance between the conformance and performance dimensions of governance. However, few studies address the possible tension between conformance and performance. Moreover, there is no agreement among these studies on the relationship between conformance and performance in the governance context. Arguably, Value-based Management (VBM) is an appropriate approach to address the issue of EG. VBM adopts value creation as an overall objective, develops a strategy that contributes to value creation and integrates it into decision-making. In this way, VBM can act as an effective mechanism for motivating management to maximise shareholder wealth, which works in parallel with other CG mechanisms, to mitigate agency conflicts resulting from the separation between ownership and management. This study aims to develop a contingency framework of EG through operationalising the conformance using CG and performance using corporate entrepreneurship (CE). This framework examines the inter-relationships between VBM, compliance with the Combined Code on Corporate Governance (CCCG), CE and the ultimate effect on organisational performance. More specifically, the study empirically examines the effect of compliance with the CCCG on CE, and whether VBM can achieve a balance between compliance with the CCCG and CE, should a conflict exist. The study also examines whether a fit between contingency variables (company size, agency conflicts, uncertainty, strategy and decentralisation), VBM, compliance with the CCCG codes and CE is associated with organisational performance. To achieve the aim of this study a cross-sectional survey, based on a questionnaire, is conducted to identify the level of VBM implementation, contextual and organisational factors in the large and medium quoted companies in the UK. The questionnaire targets the Chief Financial Officers (CFOs) in these companies as key informants. In addition, a content analysis of the annual reports of the sampled companies is undertaken to measure the level of compliance with the CCCG. Financial data (e.g. organisational performance) have been obtained from the DataStream, Fame and Thomson One Banker databases. Partial Least Squares Structural Equation Modelling (PLS-SEM) is adopted for data analysis and hypotheses testing. The results suggest that VBM implementation is positively associated with agency conflicts, low cost strategies and decentralisation. Compliance with the CCCG is positively associated with agency conflicts and company size. CE is positively associated with company size, uncertainty and differentiation strategies. In addition, the fit between compliance with the CCCG and contingency factors significantly predicts the marketbased performance. The fit between CE and the contingency factors significantly predict the perceived performance. However, the results regarding the effect of VBM on organisational performance are mixed. While VBM has no significant direct effect on the market-based performance, VBM has indirect positive effect on the market-based performance acting through compliance with the CCCG as an intervening variable. VBM is significantly associated with compliance with the CCCG but not with CE. No evidence is found for negative association between compliance with the CCCG and CE. The results support a large number of the proposed relationships between the contingency factors, VBM, compliance with the CCCG and CE. The results also suggest that using both compliance with the CCCG and CE as intervening variables in the relationship between VBM and organisational performance contributes to explaining the mixed results in the VBM literature. In terms of the EG framework, VBM does not keep a balance between conformance and performance. VBM emphasises the compliance with the CCCG (conformance) at the expense of CE (performance). The results did not provide significant evidence of a conflict between compliance with the CCCG and CE, the area which lacks empirical evidence. This study contributes to the literature at different levels. At the theoretical level, this study develops a theoretical model that links a performance management system (PMS), i.e. VBM, to CG practices and CE. This model attempts to bridge the gap between different disciplines, including management accounting, CG and entrepreneurship. Furthermore, combining both the contingency theory and the agency theory lenses contributes to the development of a comprehensive model of EG. At the methodological level, unlike previous studies, this study measures VBM practices on a continuum, rather than categories. Multiple data collection methods are used, and a powerful statistical technique (PLS-SEM) is adopted for data analysis. At the empirical level, the study is conducted in the UK. Though it is different from the US in many aspects, very few studies have been conducted in this context in many research areas such as VBM, CG and CE.
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Elberry, Noha Said. "Corporate investment efficiency, disclosure practices and governance : a systematic literature review and empirical evidence." Thesis, University of Portsmouth, 2018. https://researchportal.port.ac.uk/portal/en/theses/corporate-investment-efficiency-disclosure-practices-and-governance(b2e8d849-8ec4-4a9a-b71d-7bb694d2c4cd).html.
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The aim of this research is to examine the factors that affect and are affected by corporate investment efficiency. Studying how effective a firm is in managing its investment opportunities given the worldwide economic and political instability is quite important. This thesis consists of four essays. Each of them contributes to existing corporate investment efficiency in its own manner. To the best of my knowledge, this research contributes the following. First, it provides a systematic literature review of firm-related factors affecting corporate investment efficiency identifies gaps and offers opportunities for future research. Second, it investigates the impact of macroeconomic factors on corporate investment efficiency. Third, it examines the impact of corporate investment efficiency on voluntary disclosure. Finally, it examines the joint effect of corporate governance and investment efficiency on voluntary disclosure. Therefore, this thesis considers investment efficiency as being both a dependent and an independent variable. It also takes the internal and external factors related to investment efficiency into consideration. OLS regression analyses are used to test the research hypotheses. The results of the thesis highlight gaps in prior studies and provide opportunities for future research. The findings also reveal that Gross Domestic Product (GDP) growth and inflation rates affect corporate investment efficiency. Also, it is found that corporate investment efficiency has a positive impact on voluntary disclosure, but has a negative impact on disclosure tone. Moreover, when introducing the joint effect of governance and investment efficiency, the analysis shows that both variables have a complementary influence on voluntary disclosure, yet have a substitution effect on disclosure tone. The findings are relevant for diverse stakeholders and could assist them in making decisions.
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Zaghloul, Sarah Sameh Said. "The enforcement of corporate governance practices in Saudi Arabia : is arbitration the way forward?" Thesis, University of Leeds, 2015. http://etheses.whiterose.ac.uk/12087/.
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Corporate governance has increasingly gained predominance globally following the enormous failure and consequent collapse of companies such as ‘Enron’; ‘WorldCom’; and most recently those that collapsed as a result of the 2007 – 08 financial crises and the ‘credit crunch’. Poor corporate governance has been attributed to the spread of corruption and fraud that resulted in the dramatic failures witnessed in the United States and Western Europe. As a result, significant interest has been expressed worldwide in efforts to establish and develop corporate governance principles and enforcement mechanisms that bolster investor confidence and protection. Enforcement mechanisms are dependent on a combination of factors and striking the right balance between public and private enforcement mechanisms is challenging. Specific interest was also expressed in determining whether corporate governance frameworks have evolved uniformly or ‘converged’ or if they have persisted against changing forces and retained their characteristics. In the context of Saudi Arabia, there is a dearth of research investigating the adequacy of corporate governance enforcement and its impact on investment and there is no research published that examines the possibility of arbitrating corporate governance disputes in the Shari’ah-ruled Kingdom in general and, particularly, those that came before its current legal system. The present study addresses this matter. Through an integrated framework using theoretical and doctrinal methods in combination with empirical methods, the first stage of the study set out to examine the enforcement of corporate governance practices and standards in Saudi Arabia, assess their adequacy and identify problems, if any. In achieving this end the study considered the sustainability of the Saudi business environment and the role of Islamic Shari’ah law on enforcement in light of Saudi Arabia being a Shari’ah-based jurisdiction. On the basis of the findings of the first stage, the second stage sought to investigate, through a comparative analysis, whether arbitration could be used effectively in determining corporate governance disputes, and if so what are the requirements for introducing such a mechanism of dispute resolution? Thus, the central aim of the research was to propose and recommend a new practical mechanism by which the enforcement of corporate governance standards and provisions in Saudi Arabia could be improved, that would facilitate access to legal compensation and that would strengthen the reputation of the enforcement regime. The study concludes with recommendations for reform and suggests possible areas for future research.
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Liu, Zhucheng. "A dynamic perspective on corporate governance: economic determinants and current practices of China's listed companies." Thesis, Royal Holloway, University of London, 2008. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.521757.
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Turner, Graham Mark. "Home-working, power and the governance of BT : the techniques and practices of corporate change." Thesis, University of Southampton, 2005. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.427392.
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Siqueira, Luciana Cardoso. "Conselho fiscal e auditoria em cooperativas agropecuárias: uma análise sobre a adoção de práticas de monitoramento." Universidade de São Paulo, 2011. http://www.teses.usp.br/teses/disponiveis/96/96133/tde-17012012-155042/.
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A presente pesquisa analisa as práticas de governança corporativa indicadas aos seguintes mecanismos de monitoramento: (a) o conselho fiscal; (b) a auditoria externa e (c) a auditoria interna. Buscou-se verificar quão próximas as cooperativas agropecuárias estão do que é indicado pelos códigos de melhores práticas de governança. Utiliza-se como fundamentação teórica a perspectiva da firma como um conjunto de contratos em um contexto no qual pode existir delegação de parte do poder de controle e decisão dos ativos. Assim, analisa-se teoricamente as motivações para a adoção de estruturas de governança corporativa que desempenhem funções de monitoramento da gestão. Para tanto, considera-se a condição de incompletude dos contratos, os pressupostos comportamentais da racionalidade limitada e oportunismo dos agentes econômicos e o processo decisório em um contexto de propriedade coletiva. Nas análises, utilizou-se primeiramente as cooperativas agropecuárias constantes no banco de dados da FIPECAFI Melhores e Maiores entre os anos de 2005 e 2009. A amostra foi composta por 72 cooperativas para o período de cinco anos. Verifica-se que as empresas de auditoria externa que compõem o grupo das maiores apresentam menor representatividade no mercado de auditoria independente para cooperativas comparadas às menores empresas de auditoria constantes no banco de dados. Ainda, aplicou-se um questionário fundamentado nos Códigos de Melhores Práticas de Governança Corporativa do IBGC (Instituto Brasileiro de Governança Cooperativa) e da OECD (Organization for Economic Co-operation and Development), sendo que o instrumento apresenta Alfa de Cronbach de 0,77. Verifica-se que as práticas e mecanismos de governança indicados em códigos de governança corporativa, apresentam níveis de adoção consideravelmente menores comparados àqueles presentes em lei, não sendo possível verificar tendência para adoção de práticas que não são regulamentadas na maior parte das cooperativas agropecuárias estudadas. Apesar de constatada maior adoção de práticas regulamentadas, os estudos de caso realizados em duas cooperativas comuns à amostra do banco de dados da FIPECAFI e do questionário apontam a tendência de cooperativas maiores implementarem práticas de governança corporativa não regulamentadas.This research examines the corporate governance practices related to the following monitoring mechanisms: (a) the fiscal board, (b) the external audit and (c) the internal audit. The aim is to determine how close the agricultural cooperatives are from the recommended by codes of best corporate governance practices. It is used as the theoretical perspective that the firm is a set of contracts in a context where it is possible the delegation of part of power to the control of assets. Its analyzed theoretically the reasons to adopt corporate governance practices that perform monitoring functions of management. For that, was considered the condition of incompleteness of contracts, the behavioral assumptions of bounded rationality and opportunism of economic agents and the decision-making in the context of collective proprietorship. In the analysis was primarily used the agricultural cooperatives contained in the database of FIPECAFI Better and Bigger in the years 2005 to 2009. The sample was composed of 72 cooperatives for the period of five years. It appears that the external audit firms of Bigger group are less representative in the independent auditors for cooperatives market if compared to smaller audit firms listed in the database. A questionnaire, based on Codes of Best Practice for Corporate Governance IBGC (Brazilian Institute of Cooperative) and OECD (Organization for Economic Co-operation and Development), was applied and the instrument has Cronbachs Alpha of 0, 77. It is verified that corporate governance practices and mechanisms that are indicated in codes, have lower level of adoption compared to those regulated by law. It was not possible to verify the tendency to adopt corporate governance practices indicated in codes in most agricultural cooperatives studied. Despite most part of corporate governance practices verified by the questionnaires application are regulated by law, case studies realized in two cooperatives that make part of questionnaire and FIPECAFI database, point to the tendency of large cooperatives implement not regulated corporate governance practices.
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Simões, Anderson Rafael Castro. "Governança corporativa: adesão de boas práticas pelas cooperativas de crédito do nordeste." Universidade Federal da Paraíba, 2017. http://tede.biblioteca.ufpb.br:8080/handle/tede/9845.
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This dissertation presents an analysis about the use of good practices of corporate governance as a competitive differential between cooperative societies due to the relevance of its positive impacts in the conduct and behavior of those involved in an organization. Also, it describes plans for composition of functioning of management bodies; mapping the main problems arising from potential conflicts originating from misalignment of objectives. It portrays the Guide of Best Practices in Governance for Cooperatives developed by the Brazilian Institute of Corporate Governance (IBGC) as an independent entity dedicated to the development of Governance. This study is motivated by the understanding that applicability of corporate governance is of paramount importance for the development of credit cooperatives facing challenges inherent in sustainable growth. Furthermore, the existence of significant relationships between good governance practices used by Brazilian Northeast credit cooperatives and those recommended by Brazilian Corporate Governance Institute are investigated in this research. This investigation is characterized as an exploratory research with a qualitative approach; and the participation of seven singular cooperatives, whose area of activity was concentrated in nine Northeastern Brazilian states. The data collection took place in two stages: during the first one the documental analysis technique was used through the identification of good practices regulated in bylaws. Afterward, a questionnaire was administered to a representative of each cooperative; being necessary condition that each professional was in full exercise of positions such as director, adviser or manager. In addition to that, as an analytical tool, a content analysis was performed using the mechanisms proposed by Laurence Bardin. The results of this research support the idea that there are relations of significance between good practices used by cooperatives and those recommended by the IBGC. On the other hand, the findings emphasize how cooperative management still needs improvements in order to achieve effective applicability of national guidelines.
Trata de uma análise sobre a adoção de boas práticas de governança corporativa como diferencial competitivo entre as sociedades cooperativas, dada a relevância dos seus impactos positivos sobre a conduta e comportamento dos envolvidos na organização. Descreve planos de composição do funcionamento dos órgãos de administração, mapeando principais problemas decorrentes de potenciais conflitos oriundos do desalinhamento de objetivos. Descreve o Guia das Melhores Práticas de Governança para Cooperativas desenvolvido pelo Instituto Brasileiro de Governança Corporativa (IBGC), como entidade independente e dedicada ao desenvolvimento da Governança. O estudo é motivado pelo entendimento de que a aplicabilidade da governança corporativa é de suma importância para o desenvolvimento das cooperativas de crédito diante dos desafios inerentes a um crescimento sustentável. Investiga a existência de relações significativas entre as boas práticas de governança adotadas pelas cooperativas de crédito do Nordeste e as recomendadas pelo Instituto Brasileiro de Governança Corporativa. O Estudo é caracterizado como uma pesquisa exploratória e de abordagem qualitativa, que contou com a participação de 7 (sete) cooperativas singulares, cuja área de atuação estava concentrada nos 9 (nove) estados nordestinos. A coleta de dados ocorreu em duas etapas: na primeira foi utilizada a técnica de análise documental, através da identificação das boas práticas regulamentadas nos estatutos sociais. No segundo momento, constou da aplicação de questionários a um representante de cada cooperativa, sendo condição de participação o mesmo encontrar-se em pleno exercício dos cargos de diretor, conselheiro ou gestor. Como instrumento analítico foi realizada uma análise de conteúdo, utilizando os mecanismos propostos por Laurence Bardin. Os resultados evidenciaram que existem relações de significância entre as boas práticas adotadas pelas cooperativas e aquelas recomendadas pelo IBGC. Ressaltaram, contudo, que a gestão cooperativista carece, ainda, de aperfeiçoamentos para uma aplicabilidade efetiva das diretrizes nacionais.
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Horn, Roelof Combrinck. "The legal regulation of corporate governance with reference to international trends." Thesis, Link to the online version, 2005. http://hdl.handle.net/10019/1042.
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Lawal, Bello. "Securities and exchange commission code of best practices and the quality of corporate governance in Nigeria." Thesis, Glasgow Caledonian University, 2014. http://ethos.bl.uk/OrderDetails.do?uin=uk.bl.ethos.636818.
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This thesis examines the effects of board structure characteristics on firm performance within the context of the recommendations offered in the Securities and Exchange Commission's Code of Corporate Governance. The study adopts an integrated research framework combining four distinct theories including agency, stewardship, stakeholders and resource dependency models. The analyses were based on data drawn from a sample of 127 listed companies on the Nigerian Stock Exchange covering a twelve-year period (1999-2010), an era of significant corporate governance evolution in Nigeria. Consistent with the directions of previous studies, six sets of hypotheses were tested on the presumed effects of board size, CEO duality, independence, directors' educational qualifications, professional experience and ethnicity, across multidimensional performance measures. Through the use of a moderating approach and the deployment of econometric tools that are barely used in management science research, the study offers new sets of gap-closing evidence on the relationship between these board structure elements and firm performance. Empirical findings from the three clusters of regression models show that board independence, directors' educational qualifications and professional experience are positively associated with firm value and the return on assets. Board size was found to be positively but statistically insignificantly linked to an increase in firm performance.
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Klöckner, Oliver. "Buy-outs in Family Businesses changes in corporate governance, instruments of managerial control, and financial practices /." Wiesbaden Gabler, 2009. http://d-nb.info/99270572X/04.
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Weber, Charles. "King III report on governance : practical obstacles to the effective application with specific focus on the principles of director independence." Thesis, Stellenbosch : Stellenbosch University, 2014. http://hdl.handle.net/10019.1/97408.
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Thesis (MBA)--Stellenbosch University, 2014.ENGLISH ABSTRACT: Newspaper headlines have continued to shock investors and society by exposing corporate scandals and by highlighting the overall decline in moral fibre of the modern employer and/or employee, locally and internationally. The King III Report on Governance aims to improve organisations’ sustainability by providing principles to enable sound decision-making for any organisation, irrespective of its size and/or structure. The objective of this research report was to investigate the challenges experienced with the application of these principles, with a specific focus on the guidance provided to enable the independence of directors. Firstly, this investigation aimed to establish whether there was a belief that the application of these principles would necessarily lead to sustainability; and secondly, whether the application of these principles were practically possible for all organisations, irrespective of their size and/or structure. The investigation was conducted by combining the results from a literature review on corporate governance with a specific focus on director independence and a survey conducted with twelve individuals involved in different capacities at board level. Based on the information obtained from the literature review and the results obtained from the questionnaire, overwhelming support exists that indicates that the application of the King III principles would contribute to improve the sustainability of an organisation. However, it was discovered that it would not necessarily be feasible for all companies, of any size and/or structure, to effectively apply these principles. Various recommendations were made to address the challenges identified for the effective application of the King III principles relating to the independence of directors.