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CORPORATE GOVERNANCE: UNDERSTANDING IMPORTANT CONTINGENCIESDownload This Article
The objective of this paper is to explore important contingencies for boards and governance designs. The paper is made in a setting where governance in SMEs in transition economies is to be developed, and knowledge from advanced market economies constitutes the framework to be built on. The core of the paper is the presentation of six groups of important contextual variables that must be analyzed and understood when corporate governance systems shall be developed. The framework presented in the paper includes understanding the perspectives of both internal and external actors in the corporate governance process, and that the design of a governance system will include issues related the board working style as well as thee board members.
Keywords: Board Roles, Corporate Governance, Board Context, Contingency Theory
How to cite this paper: Huse, M. (2005). Corporate governance: Understanding important contingencies. Corporate Ownership & Control, 2(4), 41-50. http://doi.org/10.22495/cocv2i4p3