Practicing Corporate Governance

Date Added: Jul 2010
Format: PDF

This paper proposes an alternative to a dominant theme of corporate governance research to date, namely, the engagement between diverse groupings with different interests, such as shareholders, stakeholders, directors, and non-executive directors. According to extant research, principles, rules and incentives are to influence the perceptions and motivations of individuals such that they form a complex system that governs corporations for the benefit of shareholders and stakeholders. By contrast, this paper starts not from the question of how diverse interests can be influenced to produce structured interactions between disparate groups but instead focuses on the practice of corporate governance as a holistic unit of analysis that is defined as possessing structured interaction.