CORPORATE GOVERNANCE - A SUBJECT WHOSE TIME HAS COME

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Abstract

The metamorphous of corporate governance has yet to occur. Present practice is still rooted in a nineteenth century legal concept that is totally inadequate in the emerging global business environment. Present theory is even less capable of explaining coherently the way that modern business is governed. What is needed is a vibrant alternative way to ensure that power is exercised, over every type and form of corporate entity and strategic alliance around the world, in a way that ensures both effective performance and appropriate social accountability and responsibility. Unfortunately, the most likely driver of further rigorous development in corporate governance is likely to be the next round of alleged board level excesses and corporate collapses, whatever the causes.

Keywords: Corporate Governance, Emerging Global Business Environment

How to cite this paper: Tricker, B. (2004). Corporate governance - a subject whose time has come. Corporate Ownership & Control, 2(2), 11-19. https://doi.org/10.22495/cocv2i2p1