Corporate Governance

Dellaportas, Steven and Gibson, Kathy and Alagiah, Ratnam and Hutchinson, Marion R. and Van Homrigh, David and Leung, Philomena (2005) Corporate Governance, in Ethics, Corporate Governance and Accountability, chapter 5, pages pp. 117-150. John Wiley and Sons.

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Abstract

Governance is largely about the decision-making process in a complex organization Shareholders (owners) delegate authority to professionals who have the managerial skills to increase shareholders’ wealth. As a consequence the contributors of a firm's capital base are usually different from the contributors of its management base. This separation of ownership from control has led to organizations establishing a system of corporate governance controls designed to discourage managers from pursuing objectives that fail to maximize shareholder wealth. These controls constitute the firm's corporate governance framework. Corporate governance controls are designed to monitor managers behavior or align the goals of management with the goals of shareholders. In this chapter, a corporate governance framework is developed that outlines the roles and responsibilities of participants involved in governing the organization and portraying information to the capital market.

Item Type:	Book Chapter
Status:	Published
Place of Publication:	Milton, Qld.
Subjects:	220000 Social Sciences, Humanities and Arts - General
ID Code:	13669
Deposited By:	Hutchinson, Marion R
Deposited On:	06 June 2008
Alternative Locations:	http://www.wiley.com/WileyCDA/WileyTitle/productCd-0470034513.html
Copyright Owner:	Copyright 2005 John Wiley and Sons
Additional Information:	For more information about this book please refer to the publisher's website (see link) or contact the author.