Definition
Corporate governance has generally been defined as the “…system by which companies are directed and controlled” (Cadbury 1992, s.2.5).
State of Art: Defining Corporate Governance
The last three decades has seen the term “corporate governance” emerged clearly as an independent field of study (Gillan 2006). Its scope has also witnessed great expansion such that it is now an amalgam of different disciplines, including accounting, economics, ethics, finance, law, management, organizational behavior, and politics, among others, with no universally accepted definition (Mallin 2007). As a corollary, there exist a large number of definitions of corporate.
Despite the existence of heterogeneous definitions, however, researchers frequently classify the existing corporate governance definitions as either “narrow” or “broad.” As a prelude, the narrow-broad dichotomization is based on the extent to which a...
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Ntim, C.G. (2017). Defining Corporate Governance: Shareholder Versus Stakeholder Models. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_3132-1
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