Recently, many respected business leaders have voiced concern that corporate governance in American public companies has moved toward CEO primacy or a "dictatorship of the CEO," and away from traditional notions of shareholder primacy. This article shows that this concern is well-founded. The current system of corporate governance tends toward management indulgences. This is clearly reflected i...

in recent years, risk management in respect of enterprise-wide risk management (ewrm) has become more important and highly critical to major corporations worldwide including malaysia. in fact, it is interesting to note that when the government of malaysia passed the code of corporate governance in the year 2000, most of the public limited companies (plcs) in malaysia was struggling to implement...

OBJECTIVES To investigate the concept of clinical governance being advocated by primary care groups/trusts (PCG/Ts), approaches being used to implement clinical governance, and potential barriers to its successful implementation in primary care. DESIGN Qualitative case studies using semi-structured interviews and documentation review. SETTING Twelve purposively sampled PCG/Ts in England. ...

Corporate governance seeks to ensure a fair return on the investment and it also establishes incentives and procedures that meet the interests of shareholders while respecting other stakeholders’ interests in the organization. Corporate governance has become one of the hottest topics of discussion in the circle of regulators, practitioners and academic in the aftermath of recent financial crisi...

The quality of corporate governance has been shown to have wide-ranging implications, e.g., on the performances of stock markets and on exchange rates. This study investigates whether the quality of corporate governance impacts investment decisions made at the micro level of the firm. We focus our study on emerging markets since it has been known that they have widely varying standards of corpo...

This paper examines the cross-sectional relation between corporate governance and firm liquidity in the Chinese stock market. Each year we construct a measure of overall quality of governance based on publicly available information for each firm listed on the Shanghai Stock Exchange (SHSE) and the Shenzhen Stock Exchange (SZSE) over the 1999-2004 interval. After accounting for other liquidity-r...

This study attempts to re-examine several hypotheses suggested by the literature concerning the relationship between corporate governance and corporate performance using the data from China. The findings of the paper suggest that corporate performance in China is mostly influenced by other economic variables, not by corporate governance and the hypotheses that corporate governance will have pos...

Clear property right is the core of modern enterprise system, but it can’t become all-powerful medicine to an enterprise because many enterprises with clear property rights in some countries can’t avoid bankruptcy in market competition yet. Good corporate governance as a system arrangement will be good to the organization management operation. The research to the corporate governance of enterpr...