Poland: Worker-driven Transformation to Capitalism?
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Corporate governance is an important part of the economic system. It links micro-level performance with the economic institutions of the most important segments of political economy: finance, and industrial relations. The problem of corporate governance begins with a distribution and delegation of property rights in a corporation, but it goes beyond the classic “agency problem” which points only to the relations between owners (investors) and managers. Other actors involved may also contribute to the governance structure. Property relations are not the only factors that affect and constrain strategic decision-making. Each country builds up its own constellation of formal and informal rules of the game, and types of involved actors.
KeywordsCorporate Governance Central Bank Banking System Governance Structure Ownership Structure
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