Corporate Board role duties and composition最新文献_第2页

Do investors value board ethnic diversity? A Canadian study 投资者重视董事会的种族多样性吗?一项加拿大研究

Corporate Board role duties and composition Pub Date : 1900-01-01 DOI: 10.22495/cbv19i1art2

Carole Talbot, Michel Coulmont, Sylvie Berthelot

引用次数: 0

Audit in the service of revenue increase: A tool for boards and committees of local authorities 为增加收入服务的审计:地方当局的董事会和委员会的工具

Corporate Board role duties and composition Pub Date : 1900-01-01 DOI: 10.22495/CBV15I2ART1

A. Karagiorgos, Stamatis Stamatis, Paschalia Plioska, Olga Koutri

{"title":"Audit in the service of revenue increase: A tool for boards and committees of local authorities","authors":"A. Karagiorgos, Stamatis Stamatis, Paschalia Plioska, Olga Koutri","doi":"10.22495/CBV15I2ART1","DOIUrl":"https://doi.org/10.22495/CBV15I2ART1","url":null,"abstract":"Governmental funding is on a continuous decline. It is clear that local authorities need economic self-sufficiency and autonomy. In this context, public boards must utilize different revenue maximizing strategies from direct taxation and their own income. This paper attempts to investigate the extent to which a number of factors such as organization, human resources, legislation, cooperation and the use of information systems influence the effectiveness of local authorities’ revenue attestation, making particular reference to the important role that internal and external audit can play in the process. The results of the survey can help councils of local public organizations in their decisions regarding strategies and goals based on the utilization of the identified factors. For the purposes of this paper, a questionnaire was sent electronically to all municipalities in Greece. In particular, descriptive statistics and regression analysis were used. The results of the regression model revealed that audit, cooperation, and human resources variables exercise a significant positive influence on the effectiveness of local authorities’ revenue attestation.","PeriodicalId":238287,"journal":{"name":"Corporate Board role duties and composition","volume":"6 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122208994","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Corporate Internet disclosures during the coronavirus pandemic 冠状病毒大流行期间的企业互联网披露

Corporate Board role duties and composition Pub Date : 1900-01-01 DOI: 10.22495/cbv17i1art2

Stergios Tasios, Evangelos Chytis, P. Karametou, Periklis Tagkas

{"title":"Corporate Internet disclosures during the coronavirus pandemic","authors":"Stergios Tasios, Evangelos Chytis, P. Karametou, Periklis Tagkas","doi":"10.22495/cbv17i1art2","DOIUrl":"https://doi.org/10.22495/cbv17i1art2","url":null,"abstract":"Corporate disclosures constitute the main means of communication between companies and their related parties, with the Internet being one of the most important. Although several studies have been conducted on the extent of disclosures on the Internet and the factors that affect it (Elsayed, Masry, & Elbeltagi, 2010; Botti, Boubaker, Hamrouni, & Solonandrasana, 2014; etc.), research during the crisis of the pandemic is limited. The purpose of this paper is twofold. On the one hand, it aims to examine the extent and quality of disclosures that companies provided on corporate websites during the COVID-19 pandemic. On the other hand, an effort is made to assess which factors affected the extent of disclosure. These factors focus on firm-specific characteristics (company size, leverage, profitability, auditing firm size) and core corporate governance attributes (board size, ownership concentration and chief executive officer duality). Results indicate that average disclosure was relatively high. Regression analysis shows that the level of disclosure was significantly positively associated with company size, profitability and board size. This indicates that during the pandemic, larger companies, more profitable and with more board members, disclosed more information on their websites. The results of the study may be of interest for clients, financial and credit analysts, investors, supervisory authorities as well as management, in their effort to improve corporate disclosures and the level of social responsibility.","PeriodicalId":238287,"journal":{"name":"Corporate Board role duties and composition","volume":"89 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127190589","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Financial crisis and corporate governance: The role of internal audit in the Greek context 金融危机与公司治理:内部审计在希腊背景下的作用

Corporate Board role duties and composition Pub Date : 1900-01-01 DOI: 10.22495/cbv15i2art5

Andreas G. Koutoupis, Michail Pazarskis, Grigorios Lazos, Ioannis Ploumpis

{"title":"Financial crisis and corporate governance: The role of internal audit in the Greek context","authors":"Andreas G. Koutoupis, Michail Pazarskis, Grigorios Lazos, Ioannis Ploumpis","doi":"10.22495/cbv15i2art5","DOIUrl":"https://doi.org/10.22495/cbv15i2art5","url":null,"abstract":"In this paper, our purpose is to examine the relationship between the role of Internal Audit (IA), Corporate Governance (CG) and the Audit Committee (AC) in the recent financial crisis in Greece and to investigate the contribution of IA to CG structures as well as its possible, the IA’s role during the financial crisis in Greece. Moreover, little research has been conducted based on the relationship between corporate governance and internal audit during the financial crisis in case of Greece. For this reason, we conducted a survey, using questionnaires, which were sent to the listed companies of the Athens Stock Market. Out of a total of 192 listed companies on the Athens Stock Exchange, the relevant questionnaires were sent to 100 companies. Those companies were selected firstly based on their total turnover and secondly due to the availability of information from company websites such as employees’ numbers and Internal Audit Department Structures. Our conclusion was that Internal Audit adds value to the organization and it can also help the senior management towards the accomplishment of the organizational goals.","PeriodicalId":238287,"journal":{"name":"Corporate Board role duties and composition","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125021391","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 3

Editorial: Strategy development for uncertain times 社论:不确定时期的战略发展

Corporate Board role duties and composition Pub Date : 1900-01-01 DOI: 10.22495/cbv17i2editorial

Pedro B. Água

{"title":"Editorial: Strategy development for uncertain times","authors":"Pedro B. Água","doi":"10.22495/cbv17i2editorial","DOIUrl":"https://doi.org/10.22495/cbv17i2editorial","url":null,"abstract":"Corporate strategy is considered a central driver of a firm’s long-term orientation, a key influencer in corporate performance, and nowadays being impacted by an increasing business endeavour where complexity is the new normal. Corporate governance suggests that boards of directors have the duty to govern the firms they are responsible for, and doing so in a sustainable way. Hence, boards are supposed to make relevant decisions on corporate strategy. How is, however, strategy translated into the board agenda? Corporate governance faces a new set of challenges as a great deal of countries are progressively getting out of the pandemic constraints that have slowed economic performance for most businesses. The way strategies will be developed will dictate their fit for purpose. Such strategies will have to cope with increasing sustainability goals; provide a competitive edge against competitors’ technological edges and innovation in general. Such strategies will have to deal with innovative usages of IT and potential business disruptions that may be triggered by digital transformation. All such paradigm changes will demand more effort from boards, and force them to dive into unusual fields, such as learning about complexity and systems thinking. As important as strategy formulation is ethical leadership for strategy deployment and sustainability. Overall, such topics are placed high on boards agendas and are addressed in the current issue of Corporate Board: Role, Duties and Composition.","PeriodicalId":238287,"journal":{"name":"Corporate Board role duties and composition","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125775239","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Editorial: Corporate board structure, strategy and performance in uncertain times 社论:不确定时期的公司董事会结构、战略和业绩

Corporate Board role duties and composition Pub Date : 1900-01-01 DOI: 10.22495/cbv17i3editorial

I. Osinubi

引用次数: 0

Risk management as increased corporate governance requirement in Italian banks and insurance companies 风险管理随着意大利银行和保险公司公司治理要求的提高

Corporate Board role duties and composition Pub Date : 1900-01-01 DOI: 10.22495/cbv15i3art5

R. Cerrone

{"title":"Risk management as increased corporate governance requirement in Italian banks and insurance companies","authors":"R. Cerrone","doi":"10.22495/cbv15i3art5","DOIUrl":"https://doi.org/10.22495/cbv15i3art5","url":null,"abstract":"The paper explores how risk management and internal audit functions can be used effectively to strengthen governance frameworks and ensure compliance with new regulatory requirements in the financial services industry. The aim of the paper is the description of the regulatory framework which gives great relevance to risk management both in banks and in insurance companies. A right and efficient risk management scheme, in fact, is based on efficient corporate governance of the financial intermediary. Better corporate governance ensures the achievement of risk management principles. For this, the paper explores the organizational and governance structure of financial intermediaries. The paper is a timely addition to the current discussion around the relevance of sound governance for banks and insurance. It extends the effort to evaluate risk governance standards at these financial intermediaries against regulatory requirements. The paper comes to the conclusion that risk mitigation as the process of reducing risk exposure and minimizing the likelihood of an incident needs to be continually addressed to ensure the business is fully protected and this aim is reached by linking controls to risks, activities, policies, and procedures and to track their effectiveness.","PeriodicalId":238287,"journal":{"name":"Corporate Board role duties and composition","volume":"45 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114367133","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1

Diversity in boardrooms and firm performance: The role of tenure and educational level of board members 董事会多元化与公司绩效:董事会成员的任期和教育水平的作用

Corporate Board role duties and composition Pub Date : 1900-01-01 DOI: 10.22495/cbv17i3art3

Barbara Sveva Magnanelli, Giulia Paolucci, Luca Pirolo

{"title":"Diversity in boardrooms and firm performance: The role of tenure and educational level of board members","authors":"Barbara Sveva Magnanelli, Giulia Paolucci, Luca Pirolo","doi":"10.22495/cbv17i3art3","DOIUrl":"https://doi.org/10.22495/cbv17i3art3","url":null,"abstract":"Diversity on corporate boards has been studied from different perspectives in recent decades. The present study aims at investigating the impact on firm performance of two demographic diversity traits in boardrooms: tenure and educational diversity. The extant literature does not provide aligned findings on this topic, thus further research is still needed. The authors hypothesize that both tenure and educational diversity of board members have a positive effect on firm performance. To measure firm performance two dependent variables are used, applying two models for each hypothesis investigated Tobin’s Q and return on assets. The study is conducted using sample data of 187 listed firms within the European area, covering a 9-year period, from 2010 to 2018. Diversity dimensions are measured through indexes constructed on the basis of the mix among the directors in terms of educational level and tenure. The outcomes highlight a significant and positive relationship between tenure diversity on corporate boards and firm performance. In terms of the impact of educational diversity, no evidence indicating a positive effect on firm performance is found. The research carried out is unique because it considers two personal attributes of diversity calculating diversity indexes and measuring their impact on the firm’s performance. The econometric approach used has not been extensively applied in previous research. In fact, the majority of previous empirical studies have measured diversity through percentages or dummy variables, depending on the type of diversity aspect being analyzed, and then used it as the independent variable.","PeriodicalId":238287,"journal":{"name":"Corporate Board role duties and composition","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123938369","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 2

Transparency and disclosure practices of Italian state-owned enterprises: A critical analysis 意大利国有企业的透明度与信息披露实践:批判性分析

Corporate Board role duties and composition Pub Date : 1900-01-01 DOI: 10.22495/cbv18i2art2

F. Capalbo, Margherita Smarra, Marcos Sorrentino

{"title":"Transparency and disclosure practices of Italian state-owned enterprises: A critical analysis","authors":"F. Capalbo, Margherita Smarra, Marcos Sorrentino","doi":"10.22495/cbv18i2art2","DOIUrl":"https://doi.org/10.22495/cbv18i2art2","url":null,"abstract":"National and international accounting literature and established accountancy laws now agree that the nature of invested resources, and — above all — pursued objectives, can modify the accountability of state-owned enterprises. This accountability is characterised as being of public interest, and the efficacy of the statutory accounts model derived from the chosen business plan is consequently reduced. Based upon this hypothesis, the present work proposes an evaluation of the mandatory accounting regulations for Italian state-owned enterprises via an evaluation of compliance with the OECD guidelines regarding “disclosure and transparency” (Organisation for Economic Co-operation and Development [OECD], 2015). Although the work substantially evidences compliance with the majority of OECD recommendations, it also highlights a concentration of non-compliance in areas regarding company performance statements. Italian regulations appear to be excessively bound to a measurement of economic-financial earnings and these data are often unsuitable for expressing the effective achievement of the objectives that companies should pursue","PeriodicalId":238287,"journal":{"name":"Corporate Board role duties and composition","volume":"110 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124447232","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Corporate governance and performance: An analysis of Italian listed companies 公司治理与绩效:对意大利上市公司的分析

Corporate Board role duties and composition Pub Date : 1900-01-01 DOI: 10.22495/cbv16i1art1

F. Rubino, G. Bronzetti, G. Sicoli, M. Baldini, M. Rija

{"title":"Corporate governance and performance: An analysis of Italian listed companies","authors":"F. Rubino, G. Bronzetti, G. Sicoli, M. Baldini, M. Rija","doi":"10.22495/cbv16i1art1","DOIUrl":"https://doi.org/10.22495/cbv16i1art1","url":null,"abstract":"In recent years, both corporate governance and performance management have been subjected to considerable changes. In this dynamic context, it is interesting to study the evolution of the relationship between performance and governance. Does governance still affect performance? The purpose of this paper is to verify the presence and intensity (extent) of the relationship between corporate governance and performance in Italian listed companies by using both accounting and non-accounting performance measures. The purpose of this paper is to investigate the effects of prior firm performance on board composition and governance structure of some companies listed on the Italian stock exchange, analysing how a governance approach influences the performance of sample companies. For the research the methodology used is quantitative and we used regression analysis on a sample of 23 Italian listed companies: mechanical companies and public utilities to find that the company's performance was positively related to the size of the board. The empirical analysis conducted allowed us to verify the hypothesis according to which the increase in Corporate Governance Best Practices influences company performance. However, the results we have received do not allow us to arrive at completely unequivocal interpretations. The results showed we have received do not allow us to arrive at completely unequivocal interpretations; the main limit is the sample size used in this study was relatively small.","PeriodicalId":238287,"journal":{"name":"Corporate Board role duties and composition","volume":"69 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"1900-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124305330","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 1