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Corporate Governance in Need of Reforms: What Areas of the System Should Be Reformed First and How?

Author

Listed:
  • John E.H.J. FoEh
  • Diah Ayu Permatasari
  • Jhonni Sinaga

Abstract

Purpose: The aim of this article is to examine the need for posible chaanges in Corporate Governance. Design/methodology/approach: With the advent of technology, the ease of doing business is exponentially rising day by day. After experiencing the industrial revolution centuries ago, the world has been obsessed with it ever since and there is never a looking back but only moving forward, almost at the speed of a bullet train. With the ease of doing business, particularly in all and every field, the whole concept of industries, investors, proprietorships, negotiations, trade, marketing, almost every key element of a business corporation has evolved and is still evolving with changing times and changing needs. Findings: We all know and can agree that change is the only constant in life, and the sooner we adapt to the changes around us, the better and easier it will be for us to keep ourselves updated and advanced. Practical inplemantation: The study will keep us in a sink with this rapidly enhancing globe regarding corporate governance. Originality value: With every little change, comes a few setbacks that need immediate or subtle fixing depending upon their intensity.

Suggested Citation

  • John E.H.J. FoEh & Diah Ayu Permatasari & Jhonni Sinaga, 2022. "Corporate Governance in Need of Reforms: What Areas of the System Should Be Reformed First and How?," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 73-81.
    • Handle: RePEc:ers:ijebaa:v:x:y:2022:i:4:p:73-81
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    References listed on IDEAS

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    3. Gillan, Stuart L., 2006. "Recent Developments in Corporate Governance: An Overview," Journal of Corporate Finance, Elsevier, vol. 12(3), pages 381-402, June.
    4. Lin, Lili, 2019. "Corporate Governance and Liquidity Risk of Starbucks Company," MPRA Paper 97230, University Library of Munich, Germany, revised 18 Nov 2019.
    5. Stijn Claessens, 2006. "Corporate Governance and Development," The World Bank Research Observer, World Bank, vol. 21(1), pages 91-122.
    6. Roe, Mark J., 2006. "Political Determinants of Corporate Governance: Political Context, Corporate Impact," OUP Catalogue, Oxford University Press, number 9780199205301.
    7. Jayasuriya Mahapatabendige Ruwani Fernando & Leon Li & Yang (Greg) Hou, 2019. "Corporate governance and default prediction: a reality test," Applied Economics, Taylor & Francis Journals, vol. 51(24), pages 2669-2686, May.
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