Corporate Law and Governance Review

Journal Information
ISSN / EISSN : 27071111 / 26641542
Current Publisher: Virtus Interpress (10.22495)
Total articles ≅ 17
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Corporate Law and Governance Review; doi:10.22495/clgr

Inês Lisboa, Maria Clara Guilherme, Nuno Teixeira
Corporate Law and Governance Review, Volume 2, pp 42-54; doi:10.22495/clgrv2i1p4

Abstract:
This work is licensed under a Creative Commons Attribution 4.0 International License. Abstract Corporate governance is not a new topic but has
Martha Okigbo, Mahmood Bagheri
Corporate Law and Governance Review, Volume 2, pp 27-41; doi:10.22495/clgrv2i1p3

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Hugh Grove, Mac Clouse, Tracy Xu
Corporate Law and Governance Review, Volume 2, pp 18-26; doi:10.22495/clgrv2i1p2

Abstract:
The key research question of this paper is to explore the major implications for corporate governance from the emergence of long-term stockholder and stakeholder value perspectives for the purpose of a corporation. The major implication for corporate governance is the significant opportunity for boards of directors to play a vital role in helping companies create long-term sustainable value. An initial step is to develop a clear understanding of the company’s business strategy and how long-term value is created through innovation and deployment of resources. Boards of directors need to understand what really creates long-term value in their companies and then make sure their companies develop ways to measure and manage such value in order to be able to “govern like owners” and fulfill their fiduciary roles. To facilitate this fiduciary role, McKinsey & Company’s Corporate Horizon Index with its five key indicators, investment, earnings quality, margin growth, quarterly management, and earnings-per-share growth, and their related hypotheses and measurement approaches can be used as a roadmap.
Tshegofatso Kgarabjang
Corporate Law and Governance Review, Volume 2, pp 8-17; doi:10.22495/clgrv2i1p1

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Bashar H. Malkawi
Corporate Law and Governance Review, Volume 1, pp 4-6; doi:10.22495/clgrv1i2_editorial

Abstract:
Corporate social responsibility is still an emerging issue both for practice and research. There are many researchers who investigated this issue in details with regard to various factors including industry, country, culture, company size, etc. (Trong Tuan, 2012; Khan, 2010; Silberhorn & Warren, 2007). This issue of the journal contributed enough to the results of previous research and outlined horizons for future research too
Khaled Otman
Corporate Law and Governance Review, Volume 1, pp 62-73; doi:10.22495/clgrv1i2p6

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Philmore Alleyne, Renée M. Thompson
Corporate Law and Governance Review, Volume 1, pp 51-61; doi:10.22495/clgrv1i2p5

Abstract:
Good corporate governance practices are regarded as important in reducing risk for investors, attracting investment capital and improving the performance of companies. This paper investigates the relationship between corporate governance practices of the board of directors and firm performance of Colonial Life Insurance Company (CLICO), a large insurance company which collapsed in Barbados, and caused significant financial losses to policyholders. Using a case study approach, we used information from publicly available documents via print media and the internet to research the corporate governance practices and performance of CLICO. Findings reveal that the collapse of CLICO was a result of poor corporate governance mechanisms including lack of board independence, CEO and Chairman dual relationship, poor regulatory environment, non-functioning sub-committees, failure to manage risks, interlocking directorship, political involvement and lack of diversity. Recommendations include effective regulation, separation of the roles of CEO and Chairman, reduced political interference and more diversity.
Raef Gouiaa
Corporate Law and Governance Review, Volume 1, pp 42-50; doi:10.22495/clgrv1i2p4

Abstract:
Emerging from the agency theory, corporate governance is the practice of ensuring a corporation conducts itself accountably, fairly and openly in all its dealings. The achievement of corporate performance relies on the mechanism efficiency of Corporate Governance both internally and externally. This study is intended to review the Canadian legal and practical landscape related to corporate governance and its external and internal mechanisms. One of the main goals of corporate governance is to ensure a company’s executives are managing the finances effectively and that they always act in the best interest of stakeholders. Canada passed a law in 2003 to strengthen corporate governance. Based on the U.S. Sarbanes-Oxley Act (SOX), this Canadian law aims to create confidence in the Canadian market and protect investors from corporate scandals. Corporate governance mechanisms can be divided into internal and external mechanisms. The internal mechanism is essentially derived from the board of directors and its committees whereas the external mechanism is derived from laws and regulation, capital market, corporate control market, stock holders (ownership structure), and investor activities. The balance and effectiveness of the corporate governance mechanisms can create a better corporate financial performance.
Mark Rix
Corporate Law and Governance Review, Volume 1, pp 29-41; doi:10.22495/clgrv1i2p3

Abstract:
This paper investigates the changing duties and responsibilities of boards and directors of Australian public companies. The corporate governance environment in Australia is currently going through a period of significant transformation raising the question of whether in this fluid and shifting environment company and board performance can still be assessed largely on the basis of profit, share price and dividends generated over the short term. These almost certainly will continue for some time to be the key metrics of company and board performance and it is hard to see how it could be otherwise. Nevertheless, a growing chorus of influential stakeholders is calling for the introduction of a more balanced and comprehensive suite of performance indicators that better reflect the realities of corporate governance early in the Twenty-first Century. The paper examines how these stakeholders are reshaping corporate governance in Australia and also calling for a reconsideration of the way in which performance is assessed.
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