IDEAS home Printed from https://ideas.repec.org/h/elg/eechap/19578_7.html
   My bibliography  Save this book chapter

The crisis in corporate governance

In: The Crisis of Governance

Author

Listed:
  • .

Abstract

Corporate governance refers to how companies and other corporate entities run themselves but has been problematic in recent years. Two cases are used to illustrate the crisis. Some individuals in the governance structure opted for expedience and accountability mechanisms apparently failed. The first case involves the Boeing aircraft company and its attempt to build an upscaled version of its best-selling 737 aircraft. Two 737 Max aircraft crashed. No-one set out to build an unsafe aircraft but it happened anyway, with Boeing's corporate governance less than desirable. The second case concerns an attempt by Volkswagen to bypass laws about fuel emission standards involving diesel passenger vehicles via a 'defeat device' to detect when an emission test was being conducted. A crime was committed and spiralled into a real threat to the company's existence again with poor corporate governance largely at fault. Most companies are well governed but not all.

Suggested Citation

  • ., 2023. "The crisis in corporate governance," Chapters, in: The Crisis of Governance, chapter 7, pages 136-156, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:19578_7
    as

    Download full text from publisher

    File URL: https://www.elgaronline.com/view/9781839103308.00011.xml
    Download Restriction: no
    ---><---

    Citations

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


    Cited by:

    1. O’Riordan Joanna & Boyle Richard, 2023. "Governance of reform in the Irish public service," Administration, Sciendo, vol. 71(3), pages 11-33, August.

    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:elg:eechap:19578_7. 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: Darrel McCalla (email available below). General contact details of provider: http://www.e-elgar.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.