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    The role of government in corporate governance: Perspectives from the UK

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    Date
    2011
    Author
    Adegbite, E.;
    Shrives, P.;
    Nichol, T.
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    Abstract
    Incessant corporate failures have led to increasing governmental participation in the governance of the modern corporation. In this conceptual paper, we examine and propose that the role of government in the UK corporate governance system is four fold, namely: to enhance competitive advantage; to compensate for the failure of self-regulation; to prevent corporate scandals and restore investors’ confidence; and owing to significant public pressures and associated political undertones, to suggest to the public the government is still an effective overseer in the existing prominence of self-regulation. We contribute to the literature on corporate governance, politics, policy making and regulatory institutions, whilst raising important issues that are of practice and policy relevance.
    Description
    Citation : Adegbite, E., Shrives, P. and Nichol, T. (2011) The role of government in corporate governance: Perspectives from the UK. Corporate Ownership and Control, 9 (1), pp. 283-293
    URI
    http://hdl.handle.net/2086/12349
    DOI
    https://dx.doi.org/10.22495/cocv9i1c2art3
    Research Group : Centre for Research on Organisational Governance
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    • Department of Accounting and Finance [414]

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