Encyclopedia of Sustainable Management

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Codes of Good Governance

  • Rebeca García-RamosEmail author
  • Belén Díaz Díaz
Living reference work entry
DOI: https://doi.org/10.1007/978-3-030-02006-4_488-1
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Synonyms

Definition

Codes of good governance are sets of recommendations and principles about the appropriate structure of the governing bodies of organizations and the proper behavior of the members of those governing bodies (Aguilera and Cuervo-Cazurra 2004; Cuomo et al. 2016). Their purpose is to recover the confidence of shareholders and investors in the transparency and efficiency of financial markets and in the governance systems of companies (Aguilera et al. 2016; Berglöf and Claessens 2006; Hermes et al. 2006).

Introduction

Over the past decades, the concern to find optimal models of corporate governance has resulted in the publication, both at a national level individually by each country and at an international level through various international bodies, of several codes of good governance.

Although codes of good...

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Copyright information

© Springer Nature Switzerland AG 2020

Authors and Affiliations

  1. 1.Department of Business AdministrationUniversity of CantabriaSantanderSpain

Section editors and affiliations

  • Dirk Reiser

There are no affiliations available