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A holistic model of corporate governance - a new research framework

Young, Suzanne and Thyil, Vijaya 2008, A holistic model of corporate governance - a new research framework, Corporate governance : the international journal of business in society, vol. 8, no. 1, pp. 94-108.

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Title A holistic model of corporate governance - a new research framework
Author(s) Young, Suzanne
Thyil, Vijaya
Journal name Corporate governance : the international journal of business in society
Volume number 8
Issue number 1
Start page 94
End page 108
Publisher Emerald Group Publishing
Place of publication Bingley, England
Publication date 2008
ISSN 1472-0701
1758-6054
Keyword(s) corporate governance
corporate social responsibility
decision making
ethics
Summary Purpose – The purpose of this paper is to propose a new model of corporate governance that is holistic – incorporating internal and macro perspectives across legal, regulatory, sociological, ethical, human resource management, behavioural and corporate strategic frameworks. Researchers have signalled the need for “new theoretical perspectives and new models of governance” due to a dearth of research that is context-driven, empirical, and encapsulating the full spectrum of reasons and actions contributing to corporate crises.

Design/methodology/approach – The approach consists of theory building by reviewing the literature and examining the gaps and limitations.

Findings – The proposed model is a distinctive contribution to theory and practice in three ways. First, it integrates the firm-specific, micro factors with the country-specific, macro factors to illustrate the holistic nature of corporate governance. Second, shareholders and stakeholders are shown to be only one component of the model. Third, it veers away from singular approaches, to dealing with corporate governance using a multi-disciplinary perspective. The paper argues that such a holistic and integrated view is a necessity for understanding governance systems.

Research limitations/implications – The challenge is to operationalize the model and test it empirically.

Practical implications – The model is instructive and of use for practitioners in attempting to understand, explain and develop governance models that are appropriate to their national and industry settings.

Originality/value
– This paper argues that narrow-based models are limited in their approach and in a sound and integrative review of the up-to-date literature contributes to theory-building on corporate governance.
Notes Reproduced with the kind permission of the copyright owner.
Language eng
Field of Research 150303 Corporate Governance and Stakeholder Engagement
HERDC Research category C1.1 Refereed article in a scholarly journal
HERDC collection year 2008
Copyright notice ©2008, Emerald Group Publishing
Persistent URL http://hdl.handle.net/10536/DRO/DU:30020101

Document type: Journal Article
Collections: Deakin Graduate School of Business
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Every reasonable effort has been made to ensure that permission has been obtained for items included in DRO. If you believe that your rights have been infringed by this repository, please contact drosupport@deakin.edu.au.