Purpose – The purpose of this paper is to investigate whether corporate governance structures influence the audit process in terms of audit fee pricing for regulated companies. Design/methodology/approach – The paper first reviews prior literature and identifies factors within the categories...

Purpose – The prevalent literature considers interlocking directorates as a mechanisms of cooperation among companies, but if the same director seats on the boards of two companies that are in competition, interlocking directorates, matching cooperation with competition, become a coopetition...

Developing a mission statement has been considered a crucial factor in the formulation of business strategy in organisations. The mission statement promotes a sense of shared expectations in employees and, not surprisingly, it has recently been regarded as increasingly important in small‐ and...

Purpose – This paper aims to investigate the relationship between board process attributes and company performance of family‐owned companies within an emerging country context. Design/methodology/approach – A survey questionnaire was developed and conducted on a sample of privately‐held...

Purpose – This study aims to examine the effects on Tobin's Q of various dimensions of the Spanish ownership structure likely to represent conflicting interests: ownership concentration, insider ownership and bank ownership. Design/methodology/approach – The sample of firms is drawn from the...

Purpose – This paper seeks to make the case for new research into the perceived fairness and impact of executive pay. Design/methodology/approach – The paper reviews the literature regarding executive compensation and corporate performance and examines the evidence that a more egalitarian...

Purpose – The purpose of this paper is to show how boards can get in touch with their value critical stakeholders, those who can make or break the company. Design/methodology/approach – The paper first develops the hypothesis that boards often are out of touch with reality. It then...

Purpose – Drawing on agency theory and resource dependence theory, the study aims to link board demographic diversity and independence to corporate social performance. Design/methodology/approach – Data were collected from various sources for a sample of 475 publicly traded Fortune 500...

There persists the belief that a firm’s only responsibility to society is to maximize profits without breaking the law, hence the role of corporate governance is to provide appropriate corporate control. Research suggests that there is a growing perception that corporations are social entities...

Purpose – The purpose of this paper is to identify both the problems and their solutions in the corporate governance systems of Korean business groups (chaebols) in the wake of the Asian financial crisis. Design/methodology/approach – This is a conceptual paper and includes suggestions for...