Toward Fair and Sustainable Capitalism: A Comprehensive Proposal to Help American Workers, Restore Fair Gainsharing Between Employees and Shareholders, and Increase American Competitiveness by Reorienting Our Corporate Governance System Toward Sustainable Long-Term Growth and Encouraging Investments in America’s Future

2019 ◽  
Author(s):  
Leo E. Strine Jr.
Keyword(s):  
Corporate Governance ◽  
Governance System ◽  
Corporate Governance System

scholarly journals The Impact of Corporate Governance on Company Performance: A Study among Medium and Large Enterprises in Kosovo

2018 ◽  
Vol 9 (6) ◽  
pp. 207-212
Author(s):  
Saxhide Mustafa ◽  
Hajdin Berisha ◽  
Shyqyri Llaci
Keyword(s):  
Corporate Governance ◽  
Company Performance ◽  
Governance System ◽  
Market Experience ◽  
Corporate Governance System ◽  
Governance Practices ◽  
The Impact ◽  
Proper Balance ◽  
Large Enterprises

Abstract An effective corporate governance system is established to ensure proper balance of long-term interests of different stakeholders (primarily: owners, employees and management) and improve company's performance and its competitive position in the market. This paper provides a theoretical discussion and empirical evidence on the interdependence between corporate governance and company performance among medium and large enterprises in Kosovo. A questionnaire survey was employed for data collection purposes. The study included a sample of 87 managers from 87 medium and large enterprises. Results indicate that effects of corporate governance on the performance tend to be greater in larger companies. Regarding the determinants, the theoretical expectations are confirmed. Results confirm that the size of the company, the level of investment, export activities and company life expectancy are statistically significant determinants of the adoption of corporate governance practices. As a result, larger companies with large scales of investment and longer market experience tend to adopt more corporate governance practices. The study suggests that corporate governance will inevitably affect companies’ performance and further research is needed in this context.

scholarly journals Extraterritorial impacts of the Sarbanes-Oxley Act on external corporate governance – current evidence from a German perspective

2006 ◽  
Vol 3 (3) ◽  
pp. 113-127 ◽  
Author(s):  
Axel Haller ◽  
Jürgen Ernstberger ◽  
Christian Kraus
Keyword(s):  
Corporate Governance ◽  
Current Evidence ◽  
The European Union ◽  
Governance System ◽  
Sarbanes Oxley ◽  
Corporate Governance System ◽  
Eu Commission ◽  
Tremendous Impact ◽  
The Eu

The Sarbanes-Oxley Act (SOX) has not only had tremendous impact on the U.S corporate governance system, but also on other countries with companies subject to SOX. The paper analyzes the major direct impacts of SOX on the European Union (EU) and Germany as a Member State. The focus of the analysis is on rules concerning external corporate governance instruments, i.e. the auditing professions’ oversight, auditors’ independence and auditing standards. Additionally, the paper investigates whether the contemporary regulatory activities in the EU and Germany concerning external corporate governance can be explained as indirect institutional consequences of SOX. Although the EU Commission says for the record that it has an own long-term strategy of modernizing corporate governance, the paper demonstrates that several rules of SOX quite obviously served as a model for the EU regulatory activities. The same phenomenon can be observed for the new German regulations of external corporate governance

scholarly journals ON CERTAIN ISSUES OF DETERMINING THE LIMITS OF DISCLOSURE OBLIGATIONS IN CORPORATE LAW

2020 ◽  
Vol 11 (87) ◽  
Author(s):  
Katerina Varava ◽  
Keyword(s):  
Corporate Governance ◽  
Information Disclosure ◽  
Governance System ◽  
Modern Development ◽  
Foreign Countries ◽  
Corporate Governance System ◽  
Nature Of Information ◽  
Disclosure Obligations ◽  
Corporate Information

The modern development of corporate governance is influenced by many factors caused by the process of globalization, the creation and implementation of unified rules for regulating corporate relations at the regional and international levels. The trend of development and implementation of social entrepreneurship as a reference point of the modern model of business formation, the transition from the system of companies, which is aimed at short-term goals of profit to long-term investments, caused changes in the corporate governance system. In particular, the policy of disclosure of corporate information as one of the most important institutions in the field of corporate relations. Corporate information and awareness of the subjects of corporate relations about the state of business plays a key role in decision-making in corporate governance. The current process of transformation of the sphere of corporate governance has significantly influenced the question of the limits of disclosure of corporate information to the executive bodies of companies. The article examines the theoretical aspects of the executive's duty to disclose information. Doctrinal approaches to the establishment of restrictions on the disclosure of certain corporate information is analyzed. The normative implementation of the obligation and its limits for the disclosure of corporate information in the legislation of foreign countries is systematized. The main tendencies of expanding the boundaries of corporate non-financial information disclosure are revealed. Ways to improve and harmonize national regulations for the disclosure of corporate information in accordance with foreign experience are proposed. It was found that providing such information not only helps to understand the company's impact on the overall economy, but also opens the company to more investors and targeted investment. The obligation to disclose corporate information is designed for the effective operation and development of the company, but it is necessary to take into account the nature of information and the possibility of its unfair use to the detriment of the company.

ANALYSIS OF THE CORPORATE GOVERNANCE SYSTEM OF PJSC “LUKOIL”

2021 ◽  
Vol 2 (4) ◽  
pp. 198-205
Author(s):  
Vladimir Vladimirovich Filatov ◽  
Marina Vladimirovna Buzulutskaya ◽  
Alexander Vladimirovich Olimpiev ◽  
Sergey Alexandrovich Tikhachev
Keyword(s):  
Corporate Governance ◽  
Governance System ◽  
Corporate Governance System

Current state of corporate governance: global business and cultural analysis

2016 ◽  
Vol 39 (11) ◽  
pp. 1431-1446 ◽  
Author(s):  
Namporn Thanetsunthorn ◽  
Rattaphon Wuthisatian
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
National Culture ◽  
Future Research ◽  
Governance System ◽  
Cultural Characteristics ◽  
Policy Makers ◽  
Content Type ◽  
Current State ◽  
Corporate Governance System

Purpose The purpose of this study is to explore the current state of corporate governance in various aspects of business settings and to empirically examine the impact of national culture on corporate governance performance, with a view of supporting business corporations in further enhancing the effectiveness of their corporate governance system. Design/methodology/approach A pooled sample of 9,003 companies drawn from 50 countries across ten different regions is collected. A variety of statistical methods, including the paired sample t-test, the ordinary least squares regression and the Pearson product-moment correlation coefficient are implemented to analyze the current state of corporate governance. To empirically investigate the causal relationship between national culture and corporate governance, the multivariate regression analysis is also applied. Findings This study proposes a broad set of the empirical findings regarding the current state of corporate governance. Despite being accepted as a prerequisite building block for sustainable corporate social responsibility (CSR), corporate governance is still receiving far less attention among business corporations. The governance framework is widely adopted by business corporations, yet the intensity of implementing corporate governance is significantly different across regions. The variation of the intensity observed across regions can be explained by the national cultural characteristics that are all likely to impact the degree to which corporations act in corporate governance manners. Corporate governance performance is strongly related to three other aspects of socially responsible corporate performance – community, employee and environment. Research limitations/implications This study provides both the motivation and a starting point for further investigation in the milieu of corporate governance. It would be interesting for future research to further explore the extent to which corporate governance has a positive indirect impact on a firm’s financial performance. There is potential to provide a more comprehensive analysis of the interaction effect of national culture and geographic region on corporate governance performance of the corporations embedded in that region through a statistical interaction method. In addition, it may be interesting to integrate corporate financial performance (CFP) into the analysis to identify a specific type/practice of the corporate governance that could provide the highest return on the investment. Last, another interesting avenue for future research would be to explore the ethical mechanisms that have been institutionalized to promote corporate governance practices. Practical implications The present study is beneficial to both business corporations and policy makers. In essence, the study can potentially draw managers’ attention to applying modified corporate governance strategies according to their national culture. Furthermore, the study can alter business corporations to promote a strong corporate governance regime in chorus to CSR strategies so as to promote CSR development, which ultimately results in higher levels of competitiveness and CFP. In addition, policy makers who are responsible for inward foreign investment can use the findings of this study to evaluate the investors’ potential governance adoption. Originality/value The findings of this study are useful in encouraging the business corporations to further strengthen their corporate governance system. This study helps to fill the theoretical void regarding the cultural impact on corporate governance by exploring a broad set of national cultural characteristics under which good corporate governance is more or less likely to occur.

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