scholarly journals A Sustainable Future for Corporate Governance Theory and Practice

2012 ◽  
Author(s):  
Shann Turnbull
Keyword(s):  
Corporate Governance ◽  
Theory And Practice ◽  
Sustainable Future ◽  
Governance Theory

scholarly journals Planetary Boundaries and Corporate Reporting: The Role of the Conceptual Basis of the Corporation

2020 ◽  
Vol 10 (2) ◽  
Author(s):  
Jeroen Veldman ◽  
Andreas Jansson
Keyword(s):  
Corporate Governance ◽  
Company Law ◽  
Theory And Practice ◽  
Reporting Standards ◽  
Planetary Boundaries ◽  
Stakeholder Interests ◽  
Governance Theory ◽  
The Status ◽  
Accounting Theory

AbstractThere is a broad call to integrate planetary boundaries and life-cycle based reporting into accounting theory and reporting standards. Although many practitioners back this call, including insurers, shareholders with a long-term orientation, and company law specialists who suggest that the inclusion of long-term stakeholder interests is necessary to counter both corporate and systemic risks, it remains unanswered. We argue that dominant assumptions about the status and architecture of corporations in corporate governance theory stand at the centre of this unanswered call in accounting theory and practice. As the status of the public corporation is interpreted as a nexus of contracts and its architecture as a restricted dyadic relation between ‘principals’ and ‘agents’, the object and audience for corporate reports are restricted to a very specific set of actors, interests and time-horizons. We argue that this conceptual setup unduly restricts notions of accountability and is connected to a specific notion of political economy. A broadening of reporting standards needs, therefore, to be accompanied by a critical assessment of the assumed object and audience of reporting in corporate governance theory.

scholarly journals CORPORATE GOVERNANCE THEORY AND MODEL : A CONCEPTUAL OBSERVATION

2021 ◽  
Vol 9 (12) ◽  
pp. 486-500
Author(s):  
Shailendra Mohan Singh ◽  
Keyword(s):  
Corporate Governance ◽  
Agency Theory ◽  
Board Of Directors ◽  
Real Life ◽  
Executive Power ◽  
Theoretical Frameworks ◽  
Legal Obligations ◽  
Governance Theory ◽  
The Board Of Directors ◽  
Theory And Model

This paper outlines the conceptual, contextual and disciplinary scope of the rapidly evolving topic of corporate governance. The aim of this paper is to make a study of different theories and models of corporate governance that have been used globally by analysing strengths and weaknesses for each one. This is to determine which one is the best theory and model and if it can be adopted to different economic systems. Corporate governance theory has tended to look to this theory to guide the decisions of the board of directors in curbing excessive executive power in the hands of management. While useful for this purpose, the Agency Theory provides limited guidance on corporate governance in real life situations which are far more complex. With the blurring of the roles of the principal and the agent, the currently prevalent governance framework, based on the Agency Theory has become self limiting and ineffective. Efforts to supplement the Agency Theory with alternative theoretical frameworks such as the Stakeholder Theory and the Stewardship Theory have, at times, tended to place the board of directors in conflict with their legal obligations to work in the interests of the shareholders. A governance model based on the concept of Trusteeship, while providing fresh insights, suffers from problems in implementation and remains a goal . These alternative frameworks have, therefore, not been of much practical use to the board members in helping them to decide what constitutes the “right” decision. We need new theoretical insights that will take us towards a comprehensive theory of governance. This paper seeks to highlight the various theoretical frameworks for corporate governance.

Governance Theory and Practice

2013 ◽  
pp. 187-203
Author(s):  
Stephen Rainey
Keyword(s):  
Emerging Technologies ◽  
Theory And Practice ◽  
Political Life ◽  
European Research ◽  
Potential Problems ◽  
Governance Theory ◽  
Ethical Governance ◽  
The Eu

European political life involves a productive tension between liberalist and communitarian tendencies. This ’Libero-Communitarianism’ in the EU is the backdrop to various governance policies and potentials. This chapter develops a broad analysis of the governance setting in Europe and draws out some key areas of potential problems. This is based in the Ethical Governance of Emerging Technologies (EGAIS) project findings, and mirrors some of the issues flagged as ethically important in the field of emerging technologies. That such issues permeate European research and approaches to governance is testimony to their centrality and to the influence of Libero-Communitarian interactions.

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