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Corporate governance, boards of directors and corporate social responsibility: The Australian context

Citation

Backhouse, KM and Wickham, MD, Corporate governance, boards of directors and corporate social responsibility: The Australian context, Corporate Ownership & Control, 17, (4) pp. 60-71. ISSN 1727-9232 (2020) [Refereed Article]


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Copyright Statement

Copyright © 2020 The Authors. Licensed under Creative Commons Attribution 4.0 International (CC BY 4.0) http://creativecommons.org/licenses/by/4.0/

Official URL: https://virtusinterpress.org/-2020-Issue-4-.html

DOI: doi:10.22495/cocv17i4art5

Abstract

The challenge of corporate governance in Australian corporations is similar to those faced by the majority of corporations operating globally albeit the manner in which corporate governance is structured in Australia represents a strong reflection of the island continent‟s people, egalitarian culture, and legislative framework. This article considers the legal framework in which Australian corporations operate within, which includes a discussion of corporate governance principles, the role of directors and ownership structures of companies in Australia. Australian board of director practices are discussed in detailed and this article outlines how these practices are heavily influenced by the Australian Commonwealth Corporations Law (which sets out mandatory legal requirements that all Australian companies must adhere to). The article continues to explore briefly directors‟ remuneration practices, recent shareholder‟s rights protection and activism, the importance of corporate governance and the link to firm performance, and finally the importance of corporate social responsibility in the Australian context.

Item Details

Item Type:Refereed Article
Keywords:Corporate Governance, Board of Directors, Culture and Corporate Social Responsibility
Research Division:Commerce, Management, Tourism and Services
Research Group:Accounting, auditing and accountability
Research Field:Auditing and accountability
Objective Division:Economic Framework
Objective Group:Management and productivity
Objective Field:Management
UTAS Author:Backhouse, KM (Dr Kim Backhouse)
UTAS Author:Wickham, MD (Dr Mark Wickham)
ID Code:138982
Year Published:2020
Deposited By:Accounting and Corporate Governance
Deposited On:2020-05-17
Last Modified:2021-07-02
Downloads:26 View Download Statistics

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