Corporate Governance from Compliance to Competitive Advantage
The Accounting World, Vol. 7, No. 8, pp 26-31, 2007
6 Pages Posted: 17 Nov 2009 Last revised: 11 Nov 2011
Date Written: November 17, 2009
Abstract
Corporate governance is a priority for firms because it presents opportunities to manage risks and add value. Focus of corporate governance is shifting from mere obligation and compliance with laws and listing standards, to a business imperative for many firms. Corporate governance significantly influences the firm’s performance. Good corporate governance is a key driver of sustainable corporate growth and long-term competitive advantage. This article highlights the meaning and scope of corporate governance. It focuses on OECD principles of corporate governance. It also explains objectives of corporate governance system.
Keywords: Competitive Advantage, Corporate Governance
Suggested Citation: Suggested Citation
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