Editorial: Corporate governance dynamics and financial stability in a world of crisis

Abstract

Corporate governance has become a well-discussed and controversial topic in the business press. Newspapers from time to another time produce detailed accounts of corporate fraud, financial scandals, and other organizational failures. The common factor of such failures is the assumption that somehow corporate governance is to blame. We can assure that strategic oversight is crucial, but the manner in which a company board is expected to perform this function is still less clear and need more study. This is major confusion because it is not the board’s responsibility to develop the strategy it is the management’s responsibility. Consensus holds that the board is expected to scrutinize the strategy to make sure that it is appropriate for the company’s shareholders and stakeholders and accordingly to monitor the contribution of corporate activities to the strategic plan (Larcker & Barian, 2021).