Corporate Governance

26 Pages Posted: 21 Mar 2011 Last revised: 17 Nov 2011

Amir N. Licht

Interdisciplinary Center (IDC) Herzliyah - Radzyner School of Law; European Corporate Governance Institute (ECGI)

Date Written: November 16, 2011

Abstract

This entry for the Encyclopedia of Financial Globalization provides an introduction to corporate governance as the institutional framework that regulates the division and exercise of power in the corporation. Following an overview of basic concepts like power, agency, and the nature of the firm, this entry highlights the institutional quality of corporate governance as a socially-embedded system in a comparative context. The corporation’s internal bodies are then introduced (the CEO, board of directors, and general meeting), followed by a discussion of formal (legal) and informal (cultural) institutions.

Keywords: corporate governance, social institutions

JEL Classification: G34, K22, Z13

Suggested Citation

Licht, Amir N., Corporate Governance (November 16, 2011). Available at SSRN: https://ssrn.com/abstract=1786382 or http://dx.doi.org/10.2139/ssrn.1786382

Amir N. Licht (Contact Author)

Interdisciplinary Center (IDC) Herzliyah - Radzyner School of Law ( email )

P.O. Box 167
Herzliya, 46150
Israel
972-9-952-7332 (Phone)
952-9-9513323 (Fax)

European Corporate Governance Institute (ECGI)

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium
952-9-9513323 (Fax)

HOME PAGE: http:/www.ecgi.org

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