Not only must multinational corporations deal with governments of their home countries and various host countries, they must now contend with the pressures of change exerted through international organizations such as U.N.‐based agencies and public interest groups. The Nestle infant formula...

A reward system must provide incentives for top managers to create profits in the long‐term for their companies.

Purpose – This article aims to place recent corporate governance reforms in the historical context of the good corporate citizenship movement that began in the US in the mid‐1990s and came to an abrupt end in 2002 when the most recent spate of corporate scandals emerged. It explores what the...

Purpose – This paper aims to examine the impact of a US law, called Alien Tort Statute (ATS), on the overseas operations of multinational corporations with regard to human rights abuses. The law has the potential of creating substantial financial liabilities and operational risks for the...

Purpose – The object of this paper is to examine the debate in business ethics over extending insights from political philosophy (e.g. theories of distributive justice) to address questions about the management and governance of economic enterprises. Design/methodology/approach – The paper...

Purpose – As corporations continue to face substantial information asymmetries between managers and shareholders, they must decide how to mitigate this agency problem using various mechanisms of corporate governance. Two of these mechanisms include the board of directors and takeover defenses....

Purpose – This paper aims at discussing the determinants of strategic transparency and the governance structure of the East Asian firms. The relatively weak institutional infrastructure in East Asia raises the question about the adaptable governance structure and transparency in the East Asian...

Purpose – This paper seeks to illustrate the development of corporate governance issues in the transition economies of Central and Eastern Europe (CEE) and to analyze if codes based on directives or standards are better for these economies. Design/methodology/approach – A chapter about...

Purpose – This purpose of this paper is to examine four separate though interconnected questions concerning corporations operating, in Anglo American jurisdictions. Design/methodology/approach – The paper first examines the nature of the limited liability corporation as an entity dedicated...