Purpose – A new era for development is needed and business needs to play a significant role in this era. This paper aims to provide insights into the necessary conditions for such a new era of development and specifically the potential contribution of business and academia....

Purpose – This paper aims to investigate the role of boards in owner‐managed small to medium‐sized enterprises (SMEs), and seeks answers to the questions of whether boards generally enhance good governance in SMEs, and whether the use of outside board members plays a significant role....

Purpose – The purpose of this paper is to explore whether fiduciary duties impact the behavior of firm insiders. Trust law imposes stricter fiduciary obligations on insiders than corporate law does. This paper seeks to examine whether the difference in fiduciary duties impacts agency conflict,...

Purpose – Companies are looking for new ways to embed themselves in the societies in which they operate and for more constructive engagement with public authorities as new sources of competitive advantage and sustainable profitability. This challenges the traditional approach to the roles of...

Purpose – This paper aims to describe the emerging practice of joint management‐stakeholder‐committees (JMSCs) in which corporate executives take decisions in collaboration with stakeholders. Design/methodology/approach – To identify firms involving stakeholders in their governance...

Purpose – The recent oil spill disaster in the Gulf of Mexico as well as a multitude of other corporate scandals repeatedly draw attention to the importance of good corporate governance. This paper seeks to explain the possible reasons for violations of principles of good corporate governance...

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...