Corporate Governance

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

'Corporate governance' rules define decisionmaking roles among various corporate stakeholder groups. There is disagreement as to the goals of corporate governance, with some advocating an exclusive focus on shareholder value while others advocate including the interests of other stakeholders such as creditors and employees. Major means used to advance the interests of shareholders and/or other stakeholders include the board of directors, shareholder voting, monitoring by various gatekeepers, fiduciary duty rules, and incentives created by various markets.

Original languageEnglish (US)
Title of host publicationInternational Encyclopedia of the Social & Behavioral Sciences: Second Edition
PublisherElsevier Inc.
Pages932-938
Number of pages7
ISBN (Electronic)9780080970875
ISBN (Print)9780080970868
DOIs
StatePublished - Mar 26 2015

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Keywords

  • Corporate governance
  • Corporate law
  • Directors
  • Fiduciary duty
  • Gatekeepers
  • Officers
  • Shareholders
  • Stakeholders

Cite this

McDonnell, B. H. (2015). Corporate Governance. In International Encyclopedia of the Social & Behavioral Sciences: Second Edition (pp. 932-938). Elsevier Inc.. https://doi.org/10.1016/B978-0-08-097086-8.73019-4