Online Onboarding: Corporate Governance Training in the COVID-19 Era

The relevance of corporate governance codes to small and medium enterprises: The case of developing country

Corporate Governance and Sustainability Review ◽

10.22495/cgsrv3i1p2 ◽

2019 ◽

Vol 3 (1) ◽

pp. 18-24

Author(s):

Hlupeko Dube ◽

Zvitambo Kudakwashe

Keyword(s):

Developing Countries ◽

Corporate Governance ◽

Small Firms ◽

Small And Medium Enterprises ◽

Microfinance Institutions ◽

Corporate Governance Codes ◽

Set Up ◽

Sustainability Challenges ◽

Medium Enterprises ◽

Governance Training

The aim of this paper was to examine the relevance of governance codes to Microfinance Institutions (MFIs) in developing counties. The study was motivated by a lack of transparency, sound risk management and sustainability challenges faced by MFIs in developing countries. The study was important for the improvement of governance in MFIs, which are an important tool for the growth, and development of nations. In the paper, a theoretical literature review approach to governance in MFIs was adopted because it allowed the researcher to review critique and synthesize the literature on governance in MFIs. This, in turn, enabled the researchers to generate new frameworks and perspectives on the topic in microfinance. The study found that there was poor governance in Zimbabwean MFIs, governance codes in place were skewed towards large corporations and did not fit the context MFIs. Furthermore, the study established that financial statements for MFIs were not easy to access and the application of corporate governance in MFIs of developing countries was found to be difficult because of inadequate financial resources and lack of knowledge on governance issues. Therefore, the study concluded that corporate governance codes in developing countries needed to be adjusted to the context of MFIs. The study recommends that governance codes that suit the institutional set up of small firms including MFIs in terms of capital structure, ownership concentration and markets should be crafted and adopted. Furthermore, MFIs should implement governance training and increase transparency. The governance codes should be provided free to businesses and be accompanied by extensive training by government and institutions of higher learning.

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Corporate governance and food firms’ unethical production practices?

British Food Journal ◽

10.1108/bfj-03-2018-0133 ◽

2018 ◽

Vol 120 (10) ◽

pp. 2222-2235 ◽

Cited By ~ 1

Author(s):

Chia-Yi Liu ◽

Cheng-Yu Lee ◽

Hsin-Ju Stephie Tsai

Keyword(s):

Corporate Governance ◽

Fixed Effects ◽

Poisson Model ◽

Content Type ◽

Corporate Executives ◽

Unethical Practices ◽

Governance Practices ◽

Training Courses ◽

Production Practices ◽

Governance Training

Purpose Although a number of studies have researched food firms’ unethical practices, the mechanisms used to prevent these practices remain underexplored from the perspective of corporate governance. As independent directors (IDs) have been viewed as a mechanism to deter corporate misconducts, the purpose of this paper is to investigate the influences of the ratio of IDs on the board, IDs’ industrial experience and their participation in corporate governance training courses on food firms’ unethical production practices. Design/methodology/approach This study is based on a sample of 239 firm-year observations in Taiwanese food industries. The Poisson model with fixed effects was used to test the research hypotheses. Findings The results show that board independence and IDs with food industry expertise were not effective in deterring food firms from unethical production practices. The expected monitoring function of IDs would only realize when they complete a sufficient number of corporate governance training courses. These courses can make IDs aware of their responsibilities and roles in governing firms. Originality/value This study is the first to identify the effects of corporate governance practices on food firms’ unethical production practices. The value of this study may provide food firms practical solutions that enable corporate executives to behave ethically.

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