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Corporate Governance Models: Stakeholder vs Shareholder. Challenges And Opportunities For The Contemporary Business Environment

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  • Oana Maria Albescu

Abstract

Debates over the reconfiguration of the leading and governance system of multinational companies intensified following the global economic crisis, which severely affected the stability of global economy and the trust in the ethical and responsible corporative behavior. The present paper set itself the objective the analysis and assessment form an ethical standpoint of the two models of corporate control – the stakeholder model and the shareholder model. As rationale for this we insist that the ethical orientation of corporate governance systems influences the ethical and responsible behavior of multinational companies within the communities where they activate. Will the reformation of corporative governance be rather sustained through the values promoted by the stakeholder model (transparency, correctness, integrity, the preoccupation with promoting all parties’ interest) or by the shareholder system (as governance in the interest of shareholders)?

Suggested Citation

  • Oana Maria Albescu, 2016. "Corporate Governance Models: Stakeholder vs Shareholder. Challenges And Opportunities For The Contemporary Business Environment," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 8(3), pages 47-49, September.
  • Handle: RePEc:khe:journl:v:8:y:2016:i:3:p:47-49
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    References listed on IDEAS

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    1. Collier, Jane & Roberts, John, 2001. "Introduction An Ethic for Corporate Governance?," Business Ethics Quarterly, Cambridge University Press, vol. 11(1), pages 67-71, January.
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    More about this item

    Keywords

    Business Ethics; Corporative Governance; Stakeholder; Shareholder; Social Responsibility; Values.;
    All these keywords.

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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