Naslov
Theoretical exploration of selected corporate governance challenges

Autori
Podrug, Najla ; Filipović, Davor ; Jelenc, Lara

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
2016 New York International Academic Conferences Proceedings / - New York (NY) : Global Academic Institute, 2016, 47-54

ISBN
978-0-9965808-3-0

Skup
2016 New York International Academic Conference

Mjesto i datum
Sjedinjene Američke Države, 22.05.2016. - 25.05.2016

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Corporate governance, agency theory, governance deficit, strategic management

Sažetak
Corporate governance denotes ‘the relationships among the participants in determining the direction and performance of corporations’ (Monks and Minow, 2001). It tackles the intrinsic nature, purpose, integrity and identity of the corporation, as wells as its strategic direction, socio-economic and cultural context, externalities and constituencies (Tipurić, 2008, 2011). Governance processes operate at multiple levels, which is reflected in definitions of corporate governance. Narrow meaning refers to the governance of the corporation in the interest of dominant stakeholder groups (usually the shareholders), raising the issues of board structure and performance, executive compensation, disclosure and accountability of management to shareholders (including the minority ones). Broader meaning of governance denotes legal and habitual frameworks defining corporations and governing the pursuit of business within society (Hendry, 1998a), and involves a more extensive concept of accountability to stakeholders. Despite the prevalence of the former approach in research and policy, governance failures of particular corporations in developed economies and the difficulties of Central and Eastern European countries to build effective corporate governance regimes provoke questions whether these problems should solely be attributed to the shortcomings of particular individuals and corporations, or whether they are symptoms of more systemic governance failures.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA