THE IMPACT OF CULTURAL DIVERSITY ON BOARD MODELS AND GOOD CORPORATE GOVERNANCE

DAWODU, H.O (2018) THE IMPACT OF CULTURAL DIVERSITY ON BOARD MODELS AND GOOD CORPORATE GOVERNANCE. In: 15th Isteam Conference, 2018, YabaTech Lagos.

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Abstract

Corporate governance seeks to lay the foundation for a more mutually beneficial synergy between the business organization and all parties that it impacts on. In this regard it establishes principles that are regarded as acceptable best practices globally in the running of a corporate entity. The Organization for Economic Co-Operation and Development (OECD) has been in the forefront of the setting of these principles. One of the cardinal institutions in implementing these principles and maintaining this standard is the Board of Directors of a corporation. This paper looks at the two kinds of board models prevalent in international corporate practice and concluded that it is not the OECD code per se that establishes these models but rather the culture and cultural orientation pervasive in the society and environment where the corporation does its business that determines the board model adopted.

Item Type:	Conference or Workshop Item (Paper)
Subjects:	H Social Sciences > H Social Sciences (General) J Political Science > JA Political science (General) K Law > K Law (General)
Divisions:	Faculty of Law, Arts and Social Sciences > School of Management
Depositing User:	Miss Ayomikun Ogunbadejo
Date Deposited:	22 Jun 2020 15:34
Last Modified:	22 Jun 2020 15:34
URI:	http://eprints.federalpolyilaro.edu.ng/id/eprint/663

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