THE MULTI THEORETICAL APPROACH TO GOVERNANCE: AUTHENTICATING THE CONCEPT AND ESTABLISHING ITS CONTROL FRAMEWORK

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Abstract

The purpose of this paper is to authenticate the multi-theoretical approach to governance and establish its control paradigm. Through a theory building approach an analysis of existing concepts and definitions of governance is undertaken to authenticate the multi-theoretical approach to governance. Thereafter, common themes that form the basis for recognizing the governance levels of a multi-theoretical governance paradigm are identified from the analysis to establish a control framework. This paper argues that the proposed broad four level control framework applicable under a multi-theoretical governance paradigm can be practically applied by organizations and will contribute towards narrowing the theoretical practical gap in governance. It contributes to the governance literature and encourages future research to explore the utility of the framework.

Keywords: Corporate Governance, Governance Theories, Governance Framework, Multi Theory Approach

How to cite this paper: Christopher, J. (2011). The multi theoretical approach to governance: Authenticating the concept and establishing its control framework. Corporate Ownership & Control, 8(3), 18-27. https://doi.org/10.22495/cocv8i3p2