EARTH SCIENCES AND HUMAN CONSTRUCTIONS
Print ISSN: 2944-9154, E-ISSN: 2944-9006 An Open Access International Journal of Earth Sciences and Human Constructions
Volume 1, 2021
The Failures and Reform of Corporate Governance
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Abstract: The concern of the companies, employers’ organizations and public authorities to the “governance” crisis is justified by the need for economic recovery and the identification of new forms of management to meet the requirements of sustainable development model. The current crisis has shaken the global governance rules applicable after the ’70s and has highlighted the major difficulties related to controlling the managerial remuneration, risk management, the transparency of the activities of corporations, the role and responsibility of shareholders, etc.Offering a new perspective and way of approaching the crises, as well as the analysis of the failures of shareholder governance in the context of the generalized crisis of capitalism and efforts to renovate the economic and financial theory, within this article we have suggested the areas and main sets of measures to ensure a double reform of corporate governance, both in theoretical and ideological perspective, as well as in institutional and legal perspective.
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Keywords: major crisis of capitalism, utopian economy, shareholder governance, governance failures, alternative models of governance
Pages: 50-57
DOI: 10.37394/232024.2021.1.9