Journal articles: 'Corporate governance in the public sector'

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Jordan, Ian. "Corporate Governance in the Public Sector." Observatoire de la société britannique, no. 16 (December 1, 2014): 37–50. http://dx.doi.org/10.4000/osb.1706.

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Matei, Ani, and Ciprian Drumasu. "Corporate Governance and Public Sector Entities." Procedia Economics and Finance 26 (2015): 495–504. http://dx.doi.org/10.1016/s2212-5671(15)00879-5.

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Papachristou, Georgios K., and Michail K. Papachristou. "The worthiness of corporate governance in public sector the case of public healthcare sector in Greece." Corporate Ownership and Control 12, no. 1 (2014): 490–501. http://dx.doi.org/10.22495/cocv12i1c5p4.

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The objective of this paper is to measure the worthiness which the compliance of governance norms will provide to public organizations. We introduce the principles of corporate governance that should characterize the function of public sector and our analysis focuses on public hospitals. Sending appropriate designed questionnaires to an adequate sample of Greek public hospitals, we measure and analyze the impact that the implementation of a corporate governance code would have to hospitals’ administration, control system and communication with stakeholders. According to research’s results the implementation of a corporate governance code by public hospitals could add value to the provided healthcare services.

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Singh, R. P. "Corporate Governance: A Futuristic Model." Vision: The Journal of Business Perspective 2, no. 2 (July 1998): 29–33. http://dx.doi.org/10.1177/09722629x98002002006.

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The role of public sector undertakings, after India attained independence, as envisaged by political leaders and industrialists in a “mixed economy” was that of providing infrastructure facilities like power, telecom, roads, basic industries, etc. and thereby contribute towards the economic development of the country. The private sector, on the other hand, was to cater to the demand created by the rapid pace of industrialisation. However, liberalisation has led to the Indian economy integrating itself with the world economies, and corporates have to change their mind set. The compulsion for survival in such a scenario has led the Indian corporates to refocus their attention on Corporate Governance. In the case of public sector the issues of corporate governance relate to empowered internal governance, narrowing down multiple accountabilities and restructuring the system of checks and balances. It is in this context that the role and constitution of the Board assumes significance. Boards must be able to function independently and must comprise professionals who have a pragmatic approach. For effective corporate governance it is necessary to institutionalise ethics in the organisation culture.

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Ferry, Laurence, and Thomas Ahrens. "Using management control to understand public sector corporate governance changes." Journal of Accounting & Organizational Change 13, no. 4 (November 6, 2017): 548–67. http://dx.doi.org/10.1108/jaoc-12-2016-0092.

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Purpose Within the context of recent post-localism developments in the English local government, this paper aims to show, first, how management controls have become more enabling in response to changes in rules of public sector corporate governance and, secondly, how changes in management control systems gave rise to new corporate governance practices. Design/methodology/approach Theoretically, the paper mobilises the concept of enabling control to reflect on contemporary changes in public sector corporate governance. It draws on the International Federation of Accountants’ (IFAC) and Chartered Institute of Public Finance and Accountancy’s (CIPFA) new public sector governance and management control system model and data gathered from a longitudinal qualitative field study of a local authority in North East England. The field study used interviews, observation and documentation review. Findings This paper suggests specific ways in which the decentralisation of policymaking and performance measurement in a local authority (present case) gave rise to enabling corporate governance and how corporate governance and management control practices went some way to aid in the pursuit of the public interest. In particular, it shows that the management control system can be designed at the operational level to be enabling. The significance of global transparency for supporting corporate governance practices around public interest is observed. This paper reaffirms that accountability is but one element of public sector corporate governance. Rather, public sector corporate governance also pursues integrity, openness, defining outcomes, determining interventions, leadership and capacity and risk and performance management. Practical implications Insights into uses of such enabling practices in public sector corporate governance are relevant for many countries in which public sector funding has been cut, especially since the 2007/2008 global financial crisis. Originality/value This paper introduces the concept of enabling control into the public sector corporate governance and control debate by fleshing out the categories of public sector corporate governance and management control suggested recently by IFAC and CIPFA drawing on observed practices of a local government entity.

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Subramaniam, Nava, Jenny Stewart, Chew Ng, and Art Shulman. "Understanding corporate governance in the Australian public sector." Accounting, Auditing & Accountability Journal 26, no. 6 (August 2, 2013): 946–77. http://dx.doi.org/10.1108/aaaj-jan-2012-00929.

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Handoyo, Sofik. "RELEVANSI TATA KELOLA PUBLIK DAN ETIKA PERUSAHAAN." JAF- Journal of Accounting and Finance 3, no. 1 (October 10, 2019): 1. http://dx.doi.org/10.25124/jaf.v3i1.2166.

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This study aims to investigate the association of public governance and corporate ethics. Motive of the study was driven by numerous corporate scandals in various countries and practice of good governance both in private and public sector. The study was intended to reveal, whether the country that apply good practice of governance will also lead good practice of corporate ethics in that country. The study adopted exploratory research design which are public governance and corporate ethics proxied as two independent variables. Public governance was represented by attributes namely public accountability, control of corruption, effectiveness government, regulatory quality, rule of law, regulatory quality and political stability. The results show that all public governance attributes are positively and significantly associated with corporate ethics. Pearson correlation coefficient indicates that all attributes of public governance have strong correlation (Pearson correlation (r) > 0.6), except for public accountability attribute. The result implies that the practice of good governance in governmental sector have potential impact on how private sector running their business organizations.

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Horan, Aidan, and Michael Mulreany. "Corporate governance in the public sector: Reflections on experience in Ireland." Administration 68, no. 4 (December 1, 2020): 121–44. http://dx.doi.org/10.2478/admin-2020-0027.

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Abstract The article proceeds from the context for corporate governance in the public sector in Ireland. It examines the adoption and evolution of corporate governance guidance, standards and codes, and focuses on the Code of Practice for the Governance of State Bodies. In reflecting on the scope and depth of the provisions of the state body code, the article points to various implementation challenges using examples in the areas of culture, risk appetite and assurance arrangements. The article concludes by pointing to future challenges and suggestions for a research agenda for corporate governance in the public sector in Ireland.

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Lasytė, Gita. "Socially Responsible Organizational Governance in the Public Sector." Public Policy And Administration 19, no. 3 (October 14, 2020): 119–32. http://dx.doi.org/10.5755/j01.ppaa.19.3.27713.

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The present paper aims to examine the theoretical assumptions of socially responsible organizational governance in the public sector. In public authorities, corporate social responsibility is a relatively new phenomenon. Therefore, the paper focuses on the interaction between social responsibility and the New Public Governance. The article puts forward the assumption that the principles of governance of public goods and public services provided by the public sector are very close in content to the concept of social responsibility. The goal of the public governance process is efficiency and effectiveness not only in public administration institutions, but also in building a welfare society. In this context, the New public governance is in line with the principles of social responsibility. The similarities between the new public governance and social responsibility can be recognized in an understanding the values, processes and elements the primary standards of which are accountability, openness, efficiency, responsibility, compliance with procedural norms, division of power (involvement of stakeholders). The article also discusses the concept and characteristics of corporate social responsibility and provides criticism on the CSR phenomenon.

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Braendle, Udo, Assaad Farah, and Patrick Balian. "Corporate governance, intellectual capital and performance: Evidence from the public sector in the GCC." Risk Governance and Control: Financial Markets and Institutions 7, no. 4 (2017): 23–29. http://dx.doi.org/10.22495/rgc7i4art3.

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This unique study tries to link corporate governance, intellectual capital and organizational performance in the public sector in the Gulf Cooperation Council (GCC). To do so we collected data from 371 managers in public entities within the GCC region. Our findings indicate the importance of corporate governance (in form of human, social and structural capital) to enhance performance in the public sector. Not only have those, results showed that the examined forms of capital are interrelated. We therefore support earlier findings that attribute impact of intellectual capital variables on performance. These results are highly relevant within the context of the GCC public sector. The findings of the papers help both, scholars and practitioners: the findings of the paper help to better understand the links between corporate governance and intellectual capital. Further, the study provides – based on GCC public sector data - the unique opportunity to see the interrelationships between corporate governance, intellectual capital and performance within the GCC public sector.

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Schelker, Mark. "Auditors and Corporate Governance: Evidence from the Public Sector." Kyklos 66, no. 2 (April 11, 2013): 275–300. http://dx.doi.org/10.1111/kykl.12021.

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Fleming, Scott, and Mike McNamee. "The ethics of corporate governance in public sector organizations." Public Management Review 7, no. 1 (March 2005): 135–44. http://dx.doi.org/10.1080/1471903042000339455.

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Dzomira, Shewangu. "Corporate Governance and Performance of Audit Committee and Internal Audit Functions in an Emerging Economy’s Public Sector." Indian Journal of Corporate Governance 13, no. 1 (June 2020): 85–98. http://dx.doi.org/10.1177/0974686220923789.

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This article seeks to examine corporate governance and the performance of audit committee and internal audit functions in an emerging economy’s public sector. These two functions form a part of imperative corporate governance aspects, and their effective performance ensures better service delivery by public sector agencies. The study is premised on stakeholder theory, which has turned out to be the central point of public sector discourses. The study is based on qualitative content analysis, which aspires to present information about corporate governance and effectiveness of audit committees and internal audit units in South Africa’s public sector. The findings suggest that there is good corporate governance in terms of the existence of audit committees and internal audit functions in the public sector. However, the results suggest that the audit committees and internal audit units in South Africa’s public sector are not effective. Absence of advice, implementation of recommendations and inadequacy of resources have undermined the performance of audit committees and internal audit units in South Africa’s public sector. The leadership and other assurance bringers ought to consider the findings elevated by the audit committees and internal audit and execute their commendation. Their findings should be urbanised into action plans that are implemented by management. Audit committees must improve their oversight on internal audit functions so that both units would effectively perform. The subsistence of successful audit committee and internal audit components in the public sector certifies proficient and effectual exploitation of resources for the gain of all stakeholders.

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Sam, Choon Yin. "Corporate Governance and Financial Crises: Lessons from Singapore's Public Sector." Prabandhan: Indian Journal of Management 4, no. 4 (April 1, 2011): 3. http://dx.doi.org/10.17010//2011/v4i4/62403.

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Sam, Choon Yin. "Corporate Governance and Financial Crises: Lessons from Singapore's Public Sector." Prabandhan: Indian Journal of Management 4, no. 4 (April 1, 2011): 3. http://dx.doi.org/10.17010/pijom/2011/v4i4/62403.

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Dorasamy, Nirmala, and Rishi Balkaran. "Inclusivity for ethical public sector governance in South Africa." Corporate Ownership and Control 9, no. 2 (2012): 376–82. http://dx.doi.org/10.22495/cocv9i2c3art7.

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Public sector organisations have moral obligations to a diverse range of stakeholders. The governance of ethics as an integral part of sound governance in the public sector. This necessitates the application of principles of accountability, responsibility, fairness and transparency inclusively to all stakeholders. The South African Constitution of 1996 identifies these core principles as underpinning sound public sector management in a democratic dispensation. The landscape of public sector governance constitutes various control measures to ensure that the interest of all stakeholders is acknowledged. This article focuses on the contribution of inclusive ethics to sound ethical governance in the public sector. While there is no universally accepted best practice of corporate governance, the governance of inclusive ethics in new democratised states like South Africa is vital which embodies a complex system in which individuals, public sector departments and societal characteristics dynamically interact and converge or diverge.

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Scrimgeour, Frank, and Geeta Duppati. "Corporate governance in the public sector: Dimensions; guidelines and practice In India and New Zealand." Corporate Ownership and Control 11, no. 2 (2014): 364–77. http://dx.doi.org/10.22495/cocv11i2c4p2.

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Corporate governance is obviously a matter of global concern and has gained tremendous importance in recent years in the context of globalisation of economies and financial markets. The financial crisis of 2008 and the 2012 European crisis involving Greece, Italy and Spain revealed corporate governance failures in financial institutions and corporations, leading to systemic consequences (Classens and Yurtoglu, 2013). Earlier, two major scandals: Enron and WorldCom in the USA resulted in the enactment of Sarbanes Oxley Act, 2002 as a measure to ensure and restore investors’ confidence in business in particular and the interest of society at large. This lead to corporate governance reforms worldwide impacting corporate board composition, conduct, and responsibility at the legal and regulatory levels.

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Gasparyan, Vagram, and Armine Zakharyan. "Armenia’s economy: promoting innovation through public governance and corporate management." Russian Economic Journal, no. 2 (June 8, 2021): 58–76. http://dx.doi.org/10.33983/0130-9757-2021-2-58-76.

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First, the article describes the forms and methods of state governance of the innovative development of the Armenian economy. The results of the implementation of the state program for promoting innovation in the economy are described; one of them is the increasing role of the information technology (IT) sector. The problems of further development and improving the efficiency of the functioning of this sector are identified, the solution of which is associated with the improvement of various types of state socio-economic policy, including monetary, investment and educational policy.

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Sriyanto and Dista Amalia Arifah. "Independensi, Komitmen Organisasi, Gaya Kepemimpinan, dan Pemahaman Good Governace Terhadap Kinerja Auditor." MAKSIMUM 4, no. 2 (January 15, 2015): 1. http://dx.doi.org/10.26714/mki.4.2.2014.1-12.

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This study aims to independence, organization comitmen, leadership, and corporate governance understanding on public sector auditor performance. Research used internal governance auditor which belong to BPKP representation of Jawa Tengah province as population. Sample used convenience sampling method. From 60 questionare, it was only 42 return questionare. The statistic method used to test on the research hypothesis is multiple regression. The result of these study show that : organization comitmen, leadership, and corporate governance understanding had effect on public sector auditor performance.Keywords : auditor, independence, organization comitmen, leadership.

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Ekanayake, Athula. "Action at a distance." Asian Review of Accounting 26, no. 1 (February 5, 2018): 39–61. http://dx.doi.org/10.1108/ara-03-2017-0053.

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Purpose By using Latour’s notion of “action at a distance” (Latour, 1987), the purpose of this paper is to examine the ways in which the government acts at a distance to achieve corporate governance of public sector banks, and the extent to which accounting enables such actions of the government. Design/methodology/approach This study follows the qualitative research approach and adopts the case study research method. A major public sector bank in Sri Lanka was selected as the case organization for this study. Data were gathered from semi-structured interviews with organizational participants and document study. Findings The study provides evidence to suggest that inscriptions produced through four areas of accounting, namely external reporting, external auditing, management accounting and internal auditing, have the capacity to develop strong explanations enabling action at a distance and good corporate governance in the case organization. The study also provides evidence to show how the role of accounting in long-distance control and corporate governance in the case organization is influenced by various contextual factors. In particular, the study finds that undue government interference over the case organization to gain the long-distance control have resulted in deteriorating the level of corporate governance. Research limitations/implications The findings support the literature that examines the accounting in its social context. Practical implications The findings suggest that actors should be allowed to operate independently, particularly without political expedience and undue influences from pressure groups, which ensure effective utilization of accounting inscriptions by the actors in long-distance control as well as good corporate governance of public sector banks. Originality/value Although research into accounting in public sector organizations has gained considerable importance in recent times, those studies examining public sector banks are still lacking. The paper aims to fill this gap.

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Al-Adwan, Atef Saleh. "Current Situation of Corporate Governance (Rational Management) In Jordan." International Journal of Business Administration and Management Research 1, no. 2 (September 15, 2015): 11. http://dx.doi.org/10.24178/ijbamr.2015.1.2.11.

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This article aims to describe the situation of corporate governance act in Jordan within the international principles of corporate governance. The subject of governance received limited attention, especially at the local level, while most attempts have focused in the past on the private sector, in order to encourage governance act policies and procedures must be developed to stimulate positive behavior consistent with the ethics and values of integrity of the institution of government that are drawn policies and procedures. This should lead to encourage the staff and public sector officials to exercise behavior commensurate with the ethics and values of the public sector. Moreover it is important and necessary to achieve access to behavior consistent with the values of morality and integrity. The results reveal that there is a lack of governance practice due to social and culture of governance. The study recommended developing and enforcing clear lines of accountability and the responsibility of people to upload their work and motivate them to perform properly. This is considered as a code of rules and behavior which is an important tool in career that promotes the values of integrity.

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Obasi, Rosemary O. "Corporate Governance Research Opportunities in Nigeria: A National Development Issue." International Letters of Social and Humanistic Sciences 87 (May 2019): 13–22. http://dx.doi.org/10.18052/www.scipress.com/ilshs.87.13.

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This paper presents a number of research opportunities in corporate governance in Nigeria. Corporate governance has come along with changes in Nigeria regulatory framework for financial reporting and corporate governance code during the recent years. The researcher identified some important areas where research can help advance our knowledge and provide relevant information for policy makers. These research areas include audit firm governance, corporate level of compliance on corporate governance; Public sector code of governance; adoption of Not-for-profit governance code by such organisations in Nigeria. The research questions that were raised are of global interest, but the Nigeria environment provides some distinctive natural experimental settings to address these questions.

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Otinche, Sunday Inyokwe. "Discuss on fiscal discipline and corporate governance in the public sector in Nigeria." Corporate Ownership and Control 13, no. 3 (2016): 561–71. http://dx.doi.org/10.22495/cocv13i3c3p14.

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Generally, any discussion on corporate governance partly revolves around transparency and accountability and fiscal discipline. The emphasis on transparency and accountability provides the baseline for defining fiscal responsibility and the enforcement of fiscal discipline. Fiscal responsibility and fiscal discipline are political and legal constructs that promote democracy, economic growth, sustainable development and nation building in transitional economies. The near absence of these values especially during the military interregnum in Nigeria created development inertia in the process of governance and social illusions in the relationship between government and the governed. With the rebirth of democratic values in 1999, it became obvious that the context of resource governance must be changed to make way for the attainment of sustainable development through democratic ambitions. Therewith, the federal government carried out some measures of fiscal reforms with a view to stimulating the mechanics of public sector governance and institutional performance. The paper examined the extent to which these reform measures have improved the culture of resources governance within the context of the systemic challenges that confronts Nigeria. From its analysis, the paper concluded that the inherent contradiction in the implementation of fiscal responsibility reforms in Nigeria arises from the inability of Nigerians to generate good ethical relationship with the reform objectives given the antecedent of gross corruption. The paper advocated the sustained re-orientation of Nigerians as a basis for creating the ethical foundation for the promotion and enforcement of fiscal discipline in the public sector.

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Moşneanu, Diana. "Corporate Governance in the Digital world." Proceedings of the International Conference on Business Excellence 14, no. 1 (July 1, 2020): 333–42. http://dx.doi.org/10.2478/picbe-2020-0032.

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AbstractModeling a process of digitized recruitment and selection of the future members of the Board of Directors of Public Enterprises, where several models of software programs secured and adapted to the needs of the Public Administration, such as be DM Software (decision making software), oriented towards Corporate Governance with a view to transparent and decentralize the recruitment and selection process will be developed. At the international level, there is a tendency of intense digitization, affecting the area of recruitment beyond the initial stage, reaching the development of specialized recruitment software through algorithms to determine the best solutions and eliminate the human factor from the process. The best way to select the right software is to set up a digital recruitment process that tests new solutions based technologies in order to implement innovative services.Adding a new selection way, in order to elaborate an optimal composition of the governing bodies, a well-known method of selection is the RACI matrix method, offering diversity elements and strategic requirements, for the members of the Board, introducing the electronic selection and applying the criteria for an algorithm which will obtain the best score. This innovation brought to light, is not only limited to the digitization of the recruitment of the future members of the Boards of Public Enterprises, instead we want to bring profound changes in the application of the framework of corporate governance until the end, introducing a new initial stage in the process. The proposal in this direction provides for a new initial stage in the recruitment process, namely the Waiting List. In the romanian public administration, the recent progress has contributed to the improvement of the legal and regulatory framework against abuse, which is why I proposed to bring to the fore the importance of studying this area, adding value, by studying the possibility of adopting new tools for the public sector in Romania, support mechanisms, simple, uncompromising, completing the digitalization process in public sector. Is this transposition in the digital environment of a service outsourced by the state in order to fight corruption? Is this methodology ultimately effective? In the simplest way, digitization involves transforming any information from analog to digital. Digitalization is inevitable, we are witnessing a change in society, and the world we know today, over the next few years, it will not look the same. In this way, we get to wonder: we embrace digitalization and try to get as many benefits from the process or reject it, leaving us overwhelmed by this tendency.The transition from the classical methods of recruiting and selection process, to the digitalization of the entire processes regarding corporate governance, is bringing the actual transformation of the system, of recruitment of the future members of the Boards of the public enterprises, such a revolution of the public authorities, which are currently in charge of this endeavor, has as a consequence the shaping of the future of public administration, a model that is almost completely different from the one we know today.

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Choy Flannigan, Alison, and Prue Power. "Health Care Governance: Introduction." Australian Health Review 32, no. 1 (2008): 7. http://dx.doi.org/10.1071/ah080007.

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IN RECOGNITION OF the importance and the complexity of governance within the Australian health care sector, the Australian Healthcare and Hospitals Association has established a regular governance section in Australian Health Review. The aim of this new section is to provide relevant and up-to-date information on governance to assist those working at senior leadership and management levels in the industry. We plan to include perspectives on governance of interest to government Ministers and senior executives, chief executives, members of boards and advisory bodies, senior managers and senior clinicians. This section is produced with the assistance of Ebsworth & Ebsworth lawyers, who are pleased to team with the Australian Healthcare and Hospitals Association in this important area. We expect that further articles in this section will cover topics such as: � Principles of good corporate governance � Corporate governance structures in the public health sector in Australia � Legal responsibilities of public health managers � Governance and occupational health and safety � Financial governance and probity. We would be pleased to hear your suggestions for future governance topics.

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Masegare, Peter, and Mpho Ngoepe. "A framework for incorporating implementation indicators of corporate governance for municipalities in South Africa." Corporate Governance: The International Journal of Business in Society 18, no. 4 (August 6, 2018): 581–93. http://dx.doi.org/10.1108/cg-11-2016-0216.

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Purpose This paper aims to develop a framework for incorporating implementation indicators of corporate governance for municipalities in South Africa. In South Africa, there is a corporate governance framework (King III report) that is regarded as a seminal work applicable to both the public and private sectors. Despite its existence, municipalities still struggle to provide services to the citizens due to poor implementation. The poor corporate governance implementation in municipalities led to several issues such as loss of credibility for local government, little interests from investors to invest in municipalities, service delivery protests from communities, maladministration and unexpected change of leadership in municipalities without succession planning in South Africa. Design/methodology/approach The study conducted literature review to demonstrate the need for a framework to implement corporate governance in South Africa. Findings It is evident from the study that the municipal sector could improve its performance and practices of corporate governance, if the underpinning framework is adopted and implemented as a sector framework. The integration of governance elements during the development of the municipal sector integrated development plan (IDP) will facilitate a coherent base for good governance implementation practices. Research limitations/implications This research would go a long way in bringing out the anomalies that paralyse municipalities, the root causes of inefficiency and possible ways to rectify them. Practical implications This study offers a framework that can help the local government sector to improve on service delivery. Implementation of the framework can also assist municipalities in obtaining clean audits from the supreme audit institutions in their respective countries. Social implications The study has a huge social impact as it would help municipal officials take notice of the issues raised and act accordingly thus improving the life of citizenry. Originality/value This study adds value to the existing theoretical and conceptual issues that form the ongoing discourse on the implementation of corporate governance in local government, especially in South Africa, as the country is characteristic by corruption and maladministration.

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HAWES, Colin, and Grace LI. "Transparency and Opaqueness in the Chinese ICT Sector: A Critique of Chinese and International Corporate Governance Norms." Asian Journal of Comparative Law 12, no. 1 (May 8, 2017): 41–80. http://dx.doi.org/10.1017/asjcl.2017.8.

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AbstractThis article critiques the current Chinese corporate governance framework and the OECD Principles of Corporate Governance (OECD Principles) on which the Chinese framework is largely based through detailed analysis of public disclosures by four prominent Chinese internet and communications technology (ICT) firms. These include State-controlled firms (China Telecom & China Mobile), mixed ownership (ZTE), and privately-controlled firms (Huawei Technologies). The article argues that neither Chinese nor international corporate governance norms deal adequately with the complex group structures that are so common among large Chinese firms. It also reveals deficiencies in the rules on independent directors, supervisory committees, and Chinese Communist Party committees as they are applied by Chinese ICT firms. The article concludes with reform proposals that would provide more useful information and better protection to outside investors and public stakeholders in the unique Chinese corporate environment.

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Nordberg, Donald. "Viewpoint: governing the governance of the governors." Evidence-based HRM: a Global Forum for Empirical Scholarship 2, no. 1 (May 13, 2014): 114–19. http://dx.doi.org/10.1108/ebhrm-08-2013-0026.

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Purpose – The purpose of this “viewpoint” is to consider developments in the governance practices in UK public organizations, showing how ideas from the governance of listed companies have translated into public bodies. Design/methodology/approach – It discusses the literature of corporate governance and public service motivation and reflects it against practice evidenced in documentation for the UK Corporate Governance Code, codes for boards of different levels of public organizations, and both formal and informal evaluations of practice. Findings – The use of independent, non-executives directors in public bodies encapsulates the tension in the private sector between the service role of directors and how they control managers. The paper gives a preliminary investigation of three public bodies, comparing how reform of their governance has affected tensions in accountability and director motivation. The changes involve greater emphasis on extrinsic goals, potentially at the cost of the intrinsic ones. Research limitations/implications – The paper suggests avenues for future research, linking notions of the tensions between the service and control functions in corporate governance with the balance between extrinsic and intrinsic motivation. Practical implications – Directors in both public and private bodies face a need to hold at bay forces that push in opposing directions to accommodate demands for greater accountability while sustaining the altruism social mindedness. Originality/value – The area of public sector boards is undergoing considerable change in the UK and this paper, although preliminary, is one of the few to examine the links to motivation.

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Nevondwe, Lufuno, Kola O. Odeku, and Clarence I. Tshoose. "Promoting the Application of Corporate Governance in the South African Public Sector." Journal of Social Sciences 40, no. 2 (August 2014): 261–75. http://dx.doi.org/10.1080/09718923.2014.11893323.

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McNamee, Michael John, and Scott Fleming. "Ethics Audits and Corporate Governance: The Case of Public Sector Sports Organizations." Journal of Business Ethics 73, no. 4 (December 22, 2006): 425–37. http://dx.doi.org/10.1007/s10551-006-9216-0.

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Marwaha, Karn. "Corporate governance and whistle blowing in India: promises or reality?" International Journal of Law and Management 59, no. 3 (May 8, 2017): 430–41. http://dx.doi.org/10.1108/ijlma-12-2015-0064.

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Purpose The purpose of this paper was to analyze the legal provisions relating to the protection extended to the private company employees who blows the whistle. It is a major requirement of the country that Whistle Blowers Protection Act should not only be made compulsory for public sector but also be made compulsory for private companies of any size so that illegal activities could be identified and major risk could be avoided. Presently, private sector is growing rapidly, and it has a growth in way of economic resources, and private sector is also entering into the public domain by privatization, so exclusion of private sector by the Whistle Blowers Protection Act, 2011 is very dangerous. Design/methodology/approach The researcher has resorted to primary as well as secondary sources of data. The primary sources of data are the Whistle Blowers Protection Act, 2011, Official Secrets Act, 1923, Right to Information Act, 2005, The 179th Law commission report, report of Second Administrative Reforms Commissions, 2007 and recommendations made by Parliamentary Standing Committee on Personnel, Public Grievance, Law and Justice, 2011. The secondary data are the books and articles of different authors. Findings This Act provides a mechanism to receive complaints and inquire into the allegations of corruption or willful misuse of power by the public servants only. Although, this act has not come into existence, but on bare perusal, it seems to be inadequate and still needs more amendments for efficient outcomes or else the zeal of whistle blowers particularly in a private sector will fade away. The need of exhaustive and complete law is also necessary so that the evils like corruption can be curbed completely and effectively. Originality/value Private sector, if included in the above-mentioned act, would definitely resolve the problem, but on the same hand, it will raise the question of space that needs to be given to private organization. So in concluding remarks, the author would like to suggest that, to improve the organizational quality of private sector, there should be a national legislation which should deal with substantial guidelines that needs to be adopted by private companies. There is a significant need to raise the standard of corporate governance in India, only then it could achieve stability, transparency and growth.

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Narwal, Karam Pal, and Shweta Pathneja. "Effect of bank-specific and governance-specific variables on the productivity and profitability of banks." International Journal of Productivity and Performance Management 65, no. 8 (November 14, 2016): 1057–74. http://dx.doi.org/10.1108/ijppm-09-2015-0130.

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Purpose The purpose of this paper is to analyze the effect of bank-related variables and corporate governance-related variables on the productivity and profitability of public and private sector banks in India. Design/methodology/approach The Malmquist productivity index is applied to determine the productivity of different banks. Further, return on average assets is used as profitability of banks. The regression analysis is further used to assess the effect of different bank-related and governance-related variables on performance of banks. Findings Nearly all the bank-specific variables explain the productivity and profitability of banks but a weak relationship is observed between individual governance variables and performance variables. Two governance variables, i.e. board meetings and remuneration explicate the profitability of the public sector banks and only duality explains the profitability of the private sector banks. No significance is found between productivity and governance variables. Originality/value The study addresses the embryonic issue of corporate governance in the banking sector. The uniqueness of the paper lies in that no study has evaluated the effect of these variables on productivity and profitability of banks simultaneously.

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Vittal, N. "Corporate Governance: Principles and Objectives." Vision: The Journal of Business Perspective 2, no. 2 (July 1998): 18–22. http://dx.doi.org/10.1177/09722629x98002002004.

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Corporate Governance provides the fundamental value framework for the culture of an organisation which ensures efficient functioning of enterprises on sound ethical values and principles. Corporate governance has become a necessity, especially since 1991, when India made a U-turn in its economic policy and the revised policy of the government was aimed at attracting funds from foreign financial institutions. The primary resonsibiity of good corporate governance is that of the Board of Directors. For better corporate governance the boards should perform the role of monitoring the functioning of an organisation, without at the same time reducing the effectiveness of the management by interfering with their day-to-day matters. One of the impediments in the way of good corporate governance is corruption. The three factors within any system which generate corruption are: scarcity, lack of transparency and delay. If these three problems are tackled effectively, corruption can be checked to a great extent. As far as public sector undertakings are concerned, the “Code of Conduct and Ethics” should facilitate the redesigning of the PSEs.

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Mikheeva, Olga, and Piret Tõnurist. "Co-Creation for the Reduction of Uncertainty in Financial Governance: The Case of Monetary Authority of Singapore." Administrative Culture 19, no. 2 (May 30, 2019): 60–80. http://dx.doi.org/10.32994/hk.v19i2.199.

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Traditionally financial governance has been perceived and studied as a closed system. Yet, increasing sophistication of technology facilitates the emergence of new organizational forms of collaboration between the state and corporate actors. The study argues that co-creation becomes the way for public sector to mitigate new types of uncertainties, coming from increasing technological sophistication of the financial sector. Thus, new insights can be gained from looking at co-creation in financial governance, which is a unique setting for co-creation as state’s partners are large and capable corporate organizations, especially in regards to financial innovation. Such an approach also brings new insight into co-production literature. To exemplify the argument, a closer look at how co-creation has been effectively applied by the Monetary Authority of Singapore in financial regulation and supervision as well as in policies related to promotion of the financial sector is provided. Keywords: financial governance, co-creation, uncertainty, financial innovation, Singapore

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Keaney, A. T. "THE EMERGENCE OF CORPORATE SOCIAL RESPONSIBILITY—ISSUES FOR THE AUSTRALIAN OIL AND GAS SECTOR." APPEA Journal 43, no. 1 (2003): 717. http://dx.doi.org/10.1071/aj02042.

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Recent times have seen a rise in expectations in companies’ accountability as good corporate citizens. This trend has seen an increased emphasis on corporate governance and director liability. Further disclosure is now required and/or expected against a number of measures including environmental adherence, community activities and employee relations.At the same time companies are now subject to heightened shareholder activism as well as the growth of ethical investment funds which require companies to meet certain standards of corporate behaviour before they will invest.With the recent collapse of several major Australian companies and the consequent scrutiny of their corporate behaviour, and the revelation of instances of massive levels of corporate impropriety in the US, the above trend can be expected to grow. This paper discusses:the main platforms of corporate responsibility currently on the public agenda including:good corporate governance and director liability;environmental responsibility (sustainability rather than compliance); andother areas of social responsibility including treatment of employees and preservation of employee entitlements;the regulatory issues surrounding corporate responsibility, in particular under the Corporations Act;the risks and rewards of engaging in or ignoring this process. The risks might include potential director liability and public relations issues. The rewards may include access to additional public and private capital; andissues in this debate of particular relevance to the upstream oil and gas sector.

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Van Wyk, Mike F. "The quality of corporate governance in South Africa: Comparing the parastatal and listed industrial sectors." South African Journal of Business Management 30, no. 2 (June 30, 1999): 48–64. http://dx.doi.org/10.4102/sajbm.v30i2.755.

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The quality of corporate governance service in the parastatal (also called public entity) and listed industrial company sectors of the South African economy was assessed. The assessment was done using newly developed service quality assessment instruments. The reliability of the findings on the quality of corporate governance service implied a 99.5% probability that the sample mean did not differ from the population mean by more than 0.2 on a seven-point scale. In both sectors the actual corporate governance service was assessed against two levels of expectation, namely the desired service level and the lowest acceptable service level. The instruments were the same except for a few adaptations to cater for the less stringently legislated listed company sector and to provide for insights gained from the first assessment. Both assessments resulted in the same four dimensions, namely 'directing and monitoring', 'board capacity', 'assurance' and 'responsiveness and reliability'. One fundamental difference was reported, namely that the listed company directors' corporate governance was in total, in all four dimensions and on all criteria assessed as between the lowest acceptable and the desired service levels. The public entity directors' corporate governance service was in total, in all four dimensions and on all criteria assessed as below the desired as well as the lowest acceptable service levels. The standard deviations as reported were such that it has to be concluded that acceptable and unacceptable corporate governance service levels are found in public entities as well as in listed companies. The assessment results are reported below graphically. Three criteria appeared on both assessments' lists often worst-assessed criteria. They were directors 'being always properly prepared for meetings', 'doing their homework thoroughly' and 'displaying impeccable integrity and honesty, for example with their own claims'.

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Shivakanth Shetty, A., Nagendra B. V., Jeevananda S., and Divakar G. M. "Imperative of revisiting the operational risk control architecture in public sector banks (PSBs) in India: a qualitative analysis." Banks and Bank Systems 14, no. 1 (February 27, 2019): 137–46. http://dx.doi.org/10.21511/bbs.14(1).2019.12.

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The banking sector in India has contributed to economic growth, parity and equity while equally keeping focus on profit and social objectives. The successive prudential and regulatory reforms introduced in the banking sector have made it more robust and stronger to withstand the bubbles and external shocks. Still, the Indian banking sector in general and public-sector banks (PSBs) in particular have been suffering from the bank frauds. This study endeavors to cover the increasing incidences of banking frauds in PSBs and probes the weaknesses and chinks in the operational risk architecture at the PSBs in India. This study selects Punjab National Bank as a true representative of PSBs and treats it as a critical case study to apply the learning and findings to the PSBs in India. This qualitative analysis of the study revealed that the chinks in the operational risk control mechanism and lax corporate governance are the main reasons behind the increasing incidences of frauds at PSBs. The findings of the study showed that a strong corporate governance and compliance framework, robust risk management architecture, investment in people, technology and systems will go a long way in achieving tighter control and supervision, streamlining processes and, most of all, adhering to a culture of checks and balances.

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Venuti, Marco. "Editorial note." Risk Governance and Control: Financial Markets and Institutions 9, no. 2 (2019): 4–6. http://dx.doi.org/10.22495/rgcv9i2editorial.

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This issue of the journal provides contributions to the exploration of subjects related to different areas of research: public and private sectors, capital market, merger and acquisition, corporate governance and risk management. In particular, the issues dealt with concern: external audit in health care organizations, risk reporting and credit derivative disclosure in the banking sector, risk based management control, governance and financial factors in reverse merger, price to earnings ratio and interest rates in the capital market

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STEFANESCU, Aurelia, and Gabriela Lidia TANASE. "The development of a corporate governance assessment model for the Romanian public sector." Audit Financiar 12, no. 143 (November 2016): 1227. http://dx.doi.org/10.20869/auditf/2016/143/1227.

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FERLIE, EWAN, LYNN ASHBURNER, and LOUISE FITZGERALD. "CORPORATE GOVERNANCE AND THE PUBLIC SECTOR: SOME ISSUES AND EVIDENCE FROM THE NHS." Public Administration 73, no. 3 (September 1995): 375–92. http://dx.doi.org/10.1111/j.1467-9299.1995.tb00834.x.

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Ryan, Christine, and Chew Ng. "Public Sector Corporate Governance Disclosures: An Examination of Annual Reporting Practices in Queensland." Australian Journal of Public Administration 59, no. 2 (June 2000): 11–23. http://dx.doi.org/10.1111/1467-8500.00148.

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Lu, Jihai, Sohail Ahmad Javeed, Rashid Latief, Tao Jiang, and Tze San Ong. "The Moderating Role of Corporate Social Responsibility in the Association of Internal Corporate Governance and Profitability; Evidence from Pakistan." International Journal of Environmental Research and Public Health 18, no. 11 (May 28, 2021): 5830. http://dx.doi.org/10.3390/ijerph18115830.

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At present, climate and other environmental problems are arising because of the development of the industrial sector at a large level. The industrial sector is supposed to be a major cause of climate change problems that lead to global warming. Therefore, corporate social responsibility (CSR) with the help of corporate governance is an imperative approach to control these social problems. Consequently, in the context of the organizational and management theory, agency theory, and the stakeholder theory, this study focuses on important factors of internal corporate governance such as chief executive officer (CEO) power, the board size, independence, ownership concentration, managerial ownership, and audit quality for improving the profitability of firms. Moreover, this study considers corporate social responsibility as a controlling and moderating factor for firm performance and internal corporate governance. We employed ordinary least square (OLS) for endogeneity testing, fixed effect (FE), generalized method of moments (GMM), and feasible generalized least square (FGLS) on data of Pakistani firms for the period of 2010–2019. The results of this study demonstrate the following outcomes: firstly, all internal corporate governance factors are positively linked with firm performance; secondly, corporate social responsibility (CSR) is the most valuable tool for improving profitability. Importantly, this study suggests that all internal corporate governance factors are positively linked with firm performance because of the interactive role of corporate social responsibility (CSR). This study practically contributes to the literature by suggesting the imperative role of corporate social responsibility (CSR) for internal corporate governance, which may help to reduce climate and social problems.

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Kesuma, Sambas Ade, Risanty Risanty, Muhammad Husni Mubarok, and Citra Marisa. "Business ethics: A connection to good corporate governance implementation." Jurnal Perspektif Pembiayaan dan Pembangunan Daerah 8, no. 2 (June 10, 2020): 185–94. http://dx.doi.org/10.22437/ppd.v8i2.7877.

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The main purpose of this study is to discuss business ethics and good corporate governance implementation. Business ethics is the foundation of good corporate governance implementation in a company. The existence of ethics in the company is expected to be a benchmark for measuring moral values, especially policies. It is also expected that the application of good business ethics elevates the implementation of good corporate governance. The establishment of supervisory institutions in public sector organizations is also expected to be the best way to eliminate the ethical violation. Thus, good business practices and the environment in Indonesia can be achieved.

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Popoola, Oluwatoyin Muse Johnson, Ayoib Che-Ahmad, and Rose Shamsiah Samsudin. "Task performance fraud risk assessment on forensic accountant and auditor knowledge and mindset in Nigerian public sector." Risk Governance and Control: Financial Markets and Institutions 4, no. 3 (2014): 83–89. http://dx.doi.org/10.22495/rgcv4i3c1art2.

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This paper discusses task performance fraud risk assessment and forensic accountant and auditor knowledge and mindset in the Nigerian public sector. The aim of the study is to examine the fraud risk assessment in the Nigerian public sector through the efficient utilisation of forensic accountant and auditor knowledge and mindset. The effect will enhance the corporate governance and accountability practices among public sector accountants and auditors in Nigeria.

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Perkins, Rod, Pauline Barnett, and Michael Powell. "Corporate governance of public health services: Lessons from New Zealand for the State sector." Australian Health Review 23, no. 1 (2000): 9. http://dx.doi.org/10.1071/ah000009.

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New Zealand public hospitals and related services were grouped into 23 Crown HealthEnterprises and registered as companies in 1993. Integral to this change was the introductionof corporate governance. New directors, largely from the business sector, were appointed togovern these organisations as efficient and effective businesses. This article presents the resultsof a survey of directors of New Zealand publicly-owned health provider organisations.Although directors thought they performed well in business systems development, theyacknowledged their shortcomings in meeting government expectations in respect to financialperformance and social responsibility. Changes in public health sector provider performanceindicators have resulted in a mixed report card for the sector six years after corporategovernance was instituted.

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Arya, Vijay Vrat. "Corporate Governance Practices in Banking Sector: A Study of Selected Private Sector Banks and Public Sector Banks in India." Ramanujan International Journal of Business and Research 2, no. 1 (November 28, 2017): 137–52. http://dx.doi.org/10.51245/rijbr.v2i1.2017.128.

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Arya, Vijay Vrat. "Corporate Governance Practices in Banking Sector: A Study of Selected Private Sector Banks and Public Sector Banks in India." Ramanujan International Journal of Business and Research 2, no. 1 (November 28, 2017): 137–52. http://dx.doi.org/10.51245/rijbr.v2i1.2017.128.

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Christopher, Joe. "Mapping the changing governance control paradigms of public universities." Corporate Ownership and Control 10, no. 4 (2013): 162–76. http://dx.doi.org/10.22495/cocv10i4c1art2.

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Drawing on a multi-theoretical approach to governance, interviews with chief audit executives of seven universities worldwide, and published literature, this study maps and demonstrates that as public universities shift from state controlled, public sector and collegial managerialism to corporate managerialism, they experience different range of controls to be monitored at the board, operational and assurance levels of governance. These differences suggest there is no one fit for governance policies of public universities. Instead, there is an onus on the board and management of each public university to identify their own particular multi-theoretical governance control paradigm. These findings have accountability implications for council members, senior management and control mechanisms such as external and internal audit

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Słomka-Gołębiowska, Agnieszka, and Piotr Urbanek. "How to evaluate the quality of remuneration policy? Evidence from the Polish banking sector." Acta Oeconomica 70, no. 3 (October 6, 2020): 423–47. http://dx.doi.org/10.1556/032.2020.00021.

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AbstractIn our paper we use an institutional perspective to define the concept of the quality of remuneration policy. Traditional perspective focuses on pay-per-performance relationship between top executives' remuneration and companies' performance. This study is based on the assumption that the acquisition of normatively defined compensation practices and structures is more important for the successful organization than the practices which enhance efficiency defined on the basis of input (compensation) – output (company's performance) relationship. We examine the relationship between the quality of executive remuneration policy and corporate governance standards in banks with a controlling blockholder. Based on the sample of a hand-collected data on corporate governance characteristics, executive remuneration, and financial results of all public banks in Poland from 2005 to 2015, we find that the effective implementation of sound corporate governance practices should be rooted in the form of obligatory normative acts. Consistent with other studies we find a positive and statistically significant relationship between the corporate governance measures and the quality of remuneration policy. In particular, our study shows the significant role of two institutional factors positively determining the efficiency of incentive contracts: remuneration committees and institutional ownership. We also find that the banks controlled by foreign corporations, especially the US–UK–Ireland financial institutions, have a significantly more effective compensation policy than the banks controlled by domestic investors.

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Bezawada, Brahmaiah. "Corporate Governance Practices and Bank Performance: Evidence from Indian Banks." Indian Journal of Finance and Banking 4, no. 1 (March 7, 2020): 33–41. http://dx.doi.org/10.46281/ijfb.v4i1.502.

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The study examines the corporate governance practices and analyzes the role of the board characteristics (size of the board, the composition of the board, and functioning of the board) on the performance and asset quality of banks. We use a sample of 34 commercial banks consisting of 19 public sector banks and 15 private sector banks from 2009 to 2018 accounting for 93 percent of the total banking industry in India. The study finds that busy directors and the number of meetings have a positive significance on bank performance. The percentage of independent directors and the percentage of busy directors influence a significant negative relationship on the net non-performing assets ratio. The board size and number of meetings are associated negatively with Tobin's Q significantly and the percentage of busy directors is a significantly positive impact on Tobin's Q. The board size has a significantly negative impact on bank performance. The research findings provide some insights into corporate governance to the RBI for considering appropriate policy guidelines on corporate governance in the banking industry in India. The paper adds to the existing literature on corporate governance mechanisms and banking industry performance.

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Journal articles on the topic 'Corporate governance in the public sector'

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