alexa Where does the Relevance of Corporate Governance lie?

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Where does the Relevance of Corporate Governance lie?

The term, corporate governance as a relatively new term has been in popular use for the past two decades to describe the general codes by which businesses are steered and controlled. Despite its newness, there is however, no single or universally accepted definition of this term by academic scholars or practicing managers. Corporate governance is multi-faceted with its debate raising more issues than have been resolved [1]. However, two distinctive features can be noted among the various definitions of corporate governance. Firstly, the term is defined either too narrowly or broadly in its scope. Secondly, the various definitions reflect the two main perspectives of corporate governance: the shareholder perspective, which fits into the narrower scope of the definition of corporate governance; and the stakeholder perspective, which also corresponds to the wider scope of the definition of corporate governance. These two perspectives compete to define and determine the objective of a corporate business, whose interest the firm should serve, and the corporate governance structure. Agyemang OS, Aboagye E and Frimpong J (2014) Where does the Relevance of Corporate Governance lie?. Bus Eco J 5:101. doi: 10.4303/2151-6219.1000101

 
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