THEORIES OF CORPORATE GOVERNANCE



THE PHILOSOPHICAL FOUNDATIONS OF CORPORATE GOVERNANCE


  In the wake of the financial and corporate scandals of recent years, corporate governance is increasingly recognized as the core of understanding how and why companies are managed as they are. There are
many ways of defining Corporate Governance, ranging from narrow view
of relationship between company and its shareholders to broader view that focuses on all stakeholders.



 SOME OF THESE MODELS HAVE BEEN POINTED BELOW:

  • Agency Theory
  • Stewardship Theory
  • Stakeholders Theory
  • Transaction Cost Theory
  •  Political Theory
  • Resource Dependency Theory
  •  Sociological or Social contract Theory
  • Legitimacy theory 
  • Managerial hegemony theory


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