Corporate governance and financial control

  • Mahmoud Ezzamel


The discipline of financial control has undergone major developments in recent years and this has rendered it more fluid and less susceptible to precise definition. These developments have in part been prompted by the increased intrusion of financial controls into arenas in which they had previously played only a minor role. For example, the last decade in the UK witnessed the emergence of numerous financial initiatives aimed at public sector organizations, such as the National Health Service, central government, local government, universities, schools, and military organizations. These initiatives seek to emulate the private sector achievements (i.e. economic efficiency) perceived to be associated with financial control regimes in the public sector. Moreover, the economic climate of the 1980s, characterized by increased levels of international competition, deregulation of major industries, and the demands posed by modern work and information technologies, has led to greater emphasis on the use of financial control in the private sector.


Corporate Governance Transaction Cost Governance Structure Financial Control Normative Requirement 
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© Springer Science+Business Media Dordrecht 1992

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  • Mahmoud Ezzamel

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