Evaluating Corporate Governance: Guiding Principles and Calls for Future Research

Prior research finds that companies’ evaluation of corporate governance is often piecemeal and symbolic, leaving companies vulnerable to systematic risks associated with governance failures. In this paper, we use

interview data from 29 chief audit executives (CAEs) from publicly traded companies in the U.S. to propose guiding principles for how companies can formally evaluate their overall internal corporate governance systems. Our guiding principles can be adapted for a variety of governance-related objectives and leverage existing frameworks. We conclude by offering suggestions for future research.

Keywords: corporate governance, evaluation, internal audit, chief audit executives JEL codes: G34

JEL Classification: G34, M42

Suggested Citation: Suggested Citation

Cunningham, Lauren M. and Hayne, Christie and Neal, Terry L. and Stein, Sarah E., Evaluating Corporate Governance: Guiding Principles and Calls for Future Research (October 01, 2024). Accounting Horizons (forthcoming) [10.2308/HORIZONS-2023-082], Available at SSRN: https://ssrn.com/abstract=4487291 or http://dx.doi.org/10.2308/HORIZONS-2023-082