IDEAS home Printed from https://ideas.repec.org/a/bla/corgov/v15y2007i6p1030-1037.html
   My bibliography  Save this article

The Promise of Governance Theory: beyond codes and best practices

Author

Listed:
  • John Carver

Abstract

Corporate governance exists for one reason and one reason alone: to ensure that shareholders’ values, as informed by knowledgeable agency, are transformed into company performance. To the extent a board fails in this, no matter how many other useful things it accomplishes, it has failed. To the extent it succeeds in this, no matter that it accomplishes nothing else, it has succeeded. The worldwide surge of corporate governance codes, while acting to protect investors, does little to enhance the integrity and effectiveness of the governance process itself. Significant improvement in boards’ ability to fulfil their roles as shareholders’ agents requires going beyond the codes and today's best practices to develop conceptually coherent governance theory.

Suggested Citation

  • John Carver, 2007. "The Promise of Governance Theory: beyond codes and best practices," Corporate Governance: An International Review, Wiley Blackwell, vol. 15(6), pages 1030-1037, November.
    • Handle: RePEc:bla:corgov:v:15:y:2007:i:6:p:1030-1037
    DOI: 10.1111/j.1467-8683.2007.00628.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1467-8683.2007.00628.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1467-8683.2007.00628.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Eduardo Flores & Douglas Augusto De Paula & Joelson de Oliveira Sampaio, 2022. "Business Students Expectations of Brazilian Corporate Governance: Insights for a Sustainable Path in an Emerging Business Environment," Sustainability, MDPI, vol. 14(14), pages 1-19, July.
    2. Lin, Philip T. & Li, Bin & Bu, Danlu, 2015. "The relationship between corporate governance and community engagement: Evidence from the Australian mining companies," Resources Policy, Elsevier, vol. 43(C), pages 28-39.
    3. Thomas Gstraunthaler & János Lukács & Marcel Steller, 2008. "The Board of Directors and its Role in the Corporate Governance System - Considerations about the Control Model - A Research Note," International Journal of Business and Economic Sciences Applied Research (IJBESAR), Democritus University of Thrace (DUTH), Kavala Campus, Greece, vol. 1(1), pages 37-54, April.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:corgov:v:15:y:2007:i:6:p:1030-1037. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0964-8410&site=1 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.