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Reliability and Reputation of the Board Member in Latvia

Author

Listed:
  • Brante Inara

    (EKA University of Applied Sciences, Riga, Latvia)

  • Lejniece Ilona

    (EKA University of Applied Sciences, Riga, Latvia)

  • Lejnieks Helmuts

    (Heli Ventures Ltd., Riga, Latvia)

Abstract

Research purpose. The purpose of this article is to investigate the most important risk factors in the assessment of the reliability and reputation of the Board Member for the implementation of responsible business activities in Latvia.Design/Methodology/Approach. The research methods used in the current article are a comparative analysis of the legal bases and other regulative documents and case studies. The case study is based on the economic and legal analysis of legal acts using descriptive, analytical, deductive and inductive methods, based on which the authors draw conclusions about the reliability and reputation of the Board Member in assessing the key risk factors of their responsibility. The following data collection methods were used to achieve the set goal: analysis of special literature and internet resources and document analysis.Findings. The risks of the responsibility of a Board Member are still not a completely researched topic in Latvia. There is no common understanding of the reliability and reputation of a Board Member. The legal framework is incomplete, which has a negative impact on the responsible business in Latvia.Originality/Value/Practical implications. The study contributes to the implementation of a responsible business environment by creating a common understanding of the risks of a Board Member’s responsibility.

Suggested Citation

  • Brante Inara & Lejniece Ilona & Lejnieks Helmuts, 2020. "Reliability and Reputation of the Board Member in Latvia," Economics and Culture, Sciendo, vol. 17(1), pages 140-149, June.
    • Handle: RePEc:vrs:ecocul:v:17:y:2020:i:1:p:140-149:n:13
    DOI: 10.2478/jec-2020-0013
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    References listed on IDEAS

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    1. Cravens, Karen & Goad Oliver, Elizabeth & Ramamoorti, Sridhar, 2003. "The Reputation Index:: Measuring and Managing Corporate Reputation," European Management Journal, Elsevier, vol. 21(2), pages 201-212, April.
    2. Putniņš, Tālis J. & Sauka, Arnis, 2015. "Measuring the shadow economy using company managers," Journal of Comparative Economics, Elsevier, vol. 43(2), pages 471-490.
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    More about this item

    Keywords

    Reliability and Reputation; Board Member; Entrepreneurship; Legislation; Latvia;
    All these keywords.

    JEL classification:

    • K15 - Law and Economics - - Basic Areas of Law - - - Civil Law; Common Law
    • K20 - Law and Economics - - Regulation and Business Law - - - General

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