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Setting the Scene

In: Winning Ways through Corporate Governance

Author

Listed:
  • Neville Bain
  • David Band

Abstract

There is considerable disquiet in the community which is calling into question present practices of governance. Depending upon one’s perspective, the areas of discontent are clustered around the following: Low ethical and professional standards leading to poor performance and a loss of value in the various organisations. Double standards allowing practice to differ from stated ideals. Failures of commercial and non-profit organisations as a result of inadequate controls or unsatisfactory checks and balances. Inappropriate pursuit of short-term profit at the expense of either the longer-term or other stakeholders who are seriously disadvantaged. High rewards, apparently out of line with performance or with an appropriate peer group. A lack of transparency in remuneration practice. Tensions and frictions that arise from the different objectives of a management team which is separated from ownership.

Suggested Citation

  • Neville Bain & David Band, 1996. "Setting the Scene," Palgrave Macmillan Books, in: Winning Ways through Corporate Governance, chapter 1, pages 1-19, Palgrave Macmillan.
  • Handle: RePEc:pal:palchp:978-1-349-14158-6_1
    DOI: 10.1007/978-1-349-14158-6_1
    as

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