Corporate Governance and Protection of Stakeholders Rights and Interests

K. .. Mrabure, Alfred Abhulimhen-Iyoha
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引用次数: 13

Abstract

The paper takes a holistic view of corporate governance (CG) and protection of stakeholders’ rights and interests. It analyzes whether effective boards of directors in addressing shareholders’ interests prove to be effective in guaranteeing the interests of the rest of the firm’s stakeholders. It discusses how corporate governance should be shaped in relation to existing firms, according in particular to some subjective criteria of fairness and fair play. It defines CG and explains the concept by stating its principles and codes as contained in the Organization for Economic Cooperation and Development (OECD). It states that countries such as Nigeria, the United States and the United Kingdom have developed their CG principles with corporate social responsibility (CSR) intent by using as a guideline the OECD principles and other sources of rules and principles of CG which includes the Companies and Allied Matters Act, Investment and Securities Act and a host of others. It states that the concept of CG applies to corporate businesses across the globe by highlighting the importance and specifying the distribution of rights and responsibilities among various corporate stakeholders such as board members, managers, shareholders and outlining the rules and procedures for making decisions. In doing so, it also provides the mechanism by which the company’s objectives are set, ways to achieve these and monitoring performance. The paper acknowledges that CG is a vital issue where a corporate organization is concerned but asserts that it is impossible for an organization to satisfy all stakeholders hence it is best to create a balance between meeting organizational objectives and that of its stakeholders.
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公司治理与利益相关者权益保护
本文对公司治理和利益相关者权益保护问题进行了整体分析。它分析了有效的董事会在解决股东利益问题上是否能有效地保证公司其他利益相关者的利益。它讨论了公司治理应该如何形成与现有公司的关系,特别是根据公平和公平竞争的一些主观标准。它通过经济合作与发展组织(经合组织)所载的原则和代码来定义和解释CG的概念。它指出,尼日利亚,美国和英国等国家已经制定了具有企业社会责任(CSR)意图的CG原则,将经合组织原则和其他CG规则和原则的来源作为指导方针,其中包括“公司和相关事务法”,“投资和证券法”以及其他许多国家。它指出,CG的概念适用于全球范围内的公司业务,强调了董事会成员、经理、股东等各种公司利益相关者之间权利和责任的重要性和具体分配,并概述了决策的规则和程序。在此过程中,它还提供了设定公司目标的机制、实现这些目标的方法和监控绩效的方法。本文承认,在企业组织中,CG是一个至关重要的问题,但断言组织不可能满足所有利益相关者,因此最好在满足组织目标和利益相关者之间建立平衡。
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