Rethinking corporate governance Essay Example | Topics and Well Written Essays - 500 words

Rethinking corporate governance - Essay Example Jeswald (2002) defines corporate governance as the relationship existing amongst the management, Board of Directors, shareholders, and other stakeholders that revolves around exercising authority, direction, as well as control in an economy or organization. From the perception of Clark, WÃ ³jcik and Bauer (2005), it is true that there is need for economies and organizations to rethink on how to direct, control, and exercise authority in a bid to enhancing sanity within their environs. According to Veasey (2005), every stakeholder has a right to ensure corporate governance compliance within nations or organizations. Indeed, with current happenings in the business environment there is a need to rethink corporate governance. Whilst focusing on rethinking corporate governance various questions of concern arise. First, what as been the impact of ineffective corporate governance on economies and business organizations within the contemporary business environment? Second, what is the relationship between corporate governance and performance within business organizations and economies? Third, what practices result to ineffective corporate governance within the business contemporary? Fourth, what are the practices that organizations and nations should engage in with a view of enhancing effective and efficient corporate governance? Fifth, how will rethinking corporate governance influence the performance of business organizations and nations especially given the turbulences and dynamisms within current business environment? I propose to majorly dwell on the third questions. Identifying some of the practices that have caused ineffectiveness and inefficiency in corporate governance will be a foundation to understanding how individuals, institutions, organizations, and nations can rethink and restructure their corporate governance. In order to attain this, I will have to collect data on various nations and organizations that have failed in corporate