IDEAS home Printed from https://ideas.repec.org/a/gam/jworld/v6y2025i1p28-d1592642.html
   My bibliography  Save this article

Current Challenges of Good Corporate Governance in NGOs: Case of Slovenia

Author

Listed:
  • Dejan Jelovac

    (Department of Infrastructure and Real Estate Management, European Faculty of Law, New University, 5000 Nova Gorica, Slovenia)

Abstract

Organizations in the Third Sector operating in still non-Western contexts need to have enhanced governance models that match the need to ensure ethical and efficient commercial operations within their mission. The key research question of the present article is how the implementation of good corporate governance (GCG) in Slovenian NGOs will contribute to strengthening their legitimacy, stakeholder trust, and effectiveness in achieving social goals. This article develops a conceptual model that should include all key variables, mediators, moderators, and latent constructs in itself, serving as a theoretical basis for future empirical studies and best practices. The main finding is that GCG should be organized as a single-track administrative body of public institutes in the future. Better single-track GCG regulations, which would presuppose the amendment of legislation, can be created and executed in practice only by working together with the public, regulatory agencies, academic community, NGOs, and prominent intellectuals.

Suggested Citation

  • Dejan Jelovac, 2025. "Current Challenges of Good Corporate Governance in NGOs: Case of Slovenia," World, MDPI, vol. 6(1), pages 1-33, February.
    • Handle: RePEc:gam:jworld:v:6:y:2025:i:1:p:28-:d:1592642
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2673-4060/6/1/28/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2673-4060/6/1/28/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Norbert Kluge & Isabelle Schömann, 2008. "Corporate governance, workers' participation and CSR: the way to a good company," Transfer: European Review of Labour and Research, , vol. 14(1), pages 13-26, February.
    2. Norman, Wayne & MacDonald, Chris, 2004. "Getting to the Bottom of “Triple Bottom Line”," Business Ethics Quarterly, Cambridge University Press, vol. 14(2), pages 243-262, April.
    3. Matej Lahovnik, 2019. "Corporate Governance following the Slovenian Transition: From Success Story to Failed Case," Journal of Balkan and Near Eastern Studies, Taylor & Francis Journals, vol. 21(5), pages 613-623, September.
    4. Dejan Jelovac & Zeger Wal & Ana Jelovac, 2011. "Business and Government Ethics in the “New” and “Old” EU: An Empirical Account of Public–Private Value Congruence in Slovenia and the Netherlands," Journal of Business Ethics, Springer, vol. 103(1), pages 127-141, September.
    5. Yasir Shahab & Chengang Ye, 2018. "Corporate social responsibility disclosure and corporate governance: empirical insights on neo-institutional framework from China," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 15(2), pages 87-103, May.
    6. Yustinus Budi Hermanto & Lusy Lusy & Maria Widyastuti, 2021. "How Financial Performance and State-Owned Enterprise (SOE) Values Are Affected by Good Corporate Governance and Intellectual Capital Perspectives," Economies, MDPI, vol. 9(4), pages 1-13, September.
    7. Crane, Andrew & McWilliams, Abagail & Matten, Dirk & Moon, Jeremy & Siegel, Donald S. (ed.), 2009. "The Oxford Handbook of Corporate Social Responsibility," OUP Catalogue, Oxford University Press, number 9780199573943, Decembrie.
    8. Mia Rahim & Shawkat Alam, 2014. "Convergence of Corporate Social Responsibility and Corporate Governance in Weak Economies: The case of Bangladesh," Journal of Business Ethics, Springer, vol. 121(4), pages 607-620, June.
    9. Dima Jamali & Asem M. Safieddine & Myriam Rabbath, 2008. "Corporate Governance and Corporate Social Responsibility Synergies and Interrelationships," Corporate Governance: An International Review, Wiley Blackwell, vol. 16(5), pages 443-459, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hanen Ben Fatma & Jamel Chouaibi, 2021. "Corporate governance and CSR disclosure: evidence from European financial institutions," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 18(4), pages 346-361, December.
    2. Kuang-Hua Hu & Sin-Jin Lin & Ming-Fu Hsu, 2018. "A Fusion Approach for Exploring the Key Factors of Corporate Governance on Corporate Social Responsibility Performance," Sustainability, MDPI, vol. 10(5), pages 1-18, May.
    3. Ali Uyar & Cemil Kuzey & Merve Kilic & Abdullah S. Karaman, 2021. "Board structure, financial performance, corporate social responsibility performance, CSR committee, and CEO duality: Disentangling the connection in healthcare," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 28(6), pages 1730-1748, November.
    4. Michael Godfrey & Andrew Manikas, 2012. "Integrating Triple Bottom Line Sustainability Concepts Into A Supplier Selection Exercise," Business Education and Accreditation, The Institute for Business and Finance Research, vol. 4(1), pages 1-12.
    5. Patrick Velte & Martin Stawinoga, 2017. "Empirical research on corporate social responsibility assurance (CSRA): A literature review," Journal of Business Economics, Springer, vol. 87(8), pages 1017-1066, November.
    6. Francesco Gangi & Mario Mustilli & Lucia Michela Daniele & Maria Coscia, 2022. "The sustainable development of the aerospace industry: Drivers and impact of corporate environmental responsibility," Business Strategy and the Environment, Wiley Blackwell, vol. 31(1), pages 218-235, January.
    7. Aurang Zeb & Irfan Ullah & Amjad Iqbal & Mohib Ur Rahman & Shahab Aziz, 2024. "CEO’s Science and Engineering Background and Green Innovation: Evidence From China," SAGE Open, , vol. 14(1), pages 21582440241, February.
    8. Ante Glavas & Jenny Mish, 2015. "Resources and Capabilities of Triple Bottom Line Firms: Going Over Old or Breaking New Ground?," Journal of Business Ethics, Springer, vol. 127(3), pages 623-642, March.
    9. Habiba Al‐Shaer & Yang Stephanie Liu & Khaldoon Albitar, 2024. "Driving businesses towards a better climate: Macro and micro mechanisms to protect the planet," Business Strategy and the Environment, Wiley Blackwell, vol. 33(3), pages 1810-1833, March.
    10. Trong Tuan Luu, 2019. "CSR and Customer Value Co-creation Behavior: The Moderation Mechanisms of Servant Leadership and Relationship Marketing Orientation," Journal of Business Ethics, Springer, vol. 155(2), pages 379-398, March.
    11. Muhammad Ali & Mirit K Grabarski & Sana Ahmed & Nazish Imtiaz, 2024. "Does leadership gender diversity drive corporate social responsibility and organizational outcomes? The role of organization size," Australian Journal of Management, Australian School of Business, vol. 49(3), pages 319-339, August.
    12. Mohammed Hossain & Yasean A. Tahat & Naser AbuGhazaleh, 2024. "Unlocking the Sustainable Workplace Equality Policy (SWEP): Evidence from an Emerging Country," Sustainability, MDPI, vol. 16(2), pages 1-22, January.
    13. Shelby D. Hunt, 2017. "Strategic marketing, sustainability, the triple bottom line, and resource-advantage (R-A) theory: Securing the foundations of strategic marketing theory and research," AMS Review, Springer;Academy of Marketing Science, vol. 7(1), pages 52-66, June.
    14. Cuadrado-Ballesteros, Beatriz & Rodríguez-Ariza, Lázaro & García-Sánchez, Isabel-María, 2015. "The role of independent directors at family firms in relation to corporate social responsibility disclosures," International Business Review, Elsevier, vol. 24(5), pages 890-901.
    15. Bhattarai, Charan Raj & Kwong, Caleb C.Y. & Tasavori, Misagh, 2019. "Market orientation, market disruptiveness capability and social enterprise performance: An empirical study from the United Kingdom," Journal of Business Research, Elsevier, vol. 96(C), pages 47-60.
    16. Galinato, Gregmar I. & Hyland, Marie & Islam, Asif M., 2022. "Does corporate social responsibility benefit society? Evidence from Latin America," Emerging Markets Review, Elsevier, vol. 53(C).
    17. Sajid Ullah & Farman Ullah Khan & Laura-Mariana Cismaș & Muhammad Usman & Andra Miculescu, 2022. "Do Tournament Incentives Matter for CEOs to Be Environmentally Responsible? Evidence from Chinese Listed Companies," IJERPH, MDPI, vol. 19(1), pages 1-20, January.
    18. Haifeng Zhang & Zhuo Zhang & Ekaterina Steklova, 2020. "Do Companies Need Financial Flexibility for Sustainable Development?," Sustainability, MDPI, vol. 12(5), pages 1-14, February.
    19. Jihai Lu & Sohail Ahmad Javeed & Rashid Latief & Tao Jiang & Tze San Ong, 2021. "The Moderating Role of Corporate Social Responsibility in the Association of Internal Corporate Governance and Profitability; Evidence from Pakistan," IJERPH, MDPI, vol. 18(11), pages 1-22, May.
    20. Huseynov, Fariz & Klamm, Bonnie K., 2012. "Tax avoidance, tax management and corporate social responsibility," Journal of Corporate Finance, Elsevier, vol. 18(4), pages 804-827.

    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:gam:jworld:v:6:y:2025:i:1:p:28-:d:1592642. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    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.