Contextualising corporate governance

Abstract

Corporate governance systems aim to supervise and guide corporate behaviour. Information and communication technologies and in particular the Internet are providing unprecedented scope for innovative behaviour, both undesirable and useful, and as means for greater scrutiny and control. There are calls to reform the governance system, to make it more sensitive to what is seen as the primary purpose of the enterprise, that is the pursuit of economic prosperity through innovation. Moreover, any reform needs to develop a sensitivity to the social context of corporations, since this is the locus of attitudes, strategy practices and innovative capacity. Through exploiting ideas from cultural theory this paper proposes that corporations exhibit a limited but discernible number of ways of life or social realities, and these realities give meaning to the system of governance in use.

Citation

Rayman‐Bacchus, L. (2003), "Contextualising corporate governance", Managerial Auditing Journal, Vol. 18 No. 3, pp. 180-192. https://doi.org/10.1108/02686900310469899