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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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