Encyclopedia of Business and Professional Ethics

Living Edition
| Editors: Deborah C Poff, Alex C. Michalos

Corporate Governance and Values-Based Management

Living reference work entry
DOI: https://doi.org/10.1007/978-3-319-23514-1_79-1

Synonyms

Introduction

This entry deals with corporate governance and values-based management. These two terms are not synonymous, but both terms have become increasingly prominent in the academic and professional management literatures during recent years.

Corporate governance involves the structures, rules, and regulations that determine the ways that corporate enterprises are managed and directed. Corporate governance laws and regulations focus primarily on the responsibilities and obligations of boards of directors and corporate executives toward shareholders (Shah and Napier 2017).

In contrast, values-based management is based on the argument that human values are at the core of managing organizations (Jaakson 2010) and that it is the responsibility of managers to identify and support shared values within and outside of the organization. Thus, it can be seen that values-based managementtranscends corporate...

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References

  1. Frentrop P (2003) A history of corporate governance, 1602–2002. Deminor, BrusselsGoogle Scholar
  2. Jaakson K (2010) Management by values: are some values better than others? J Manag Dev 29:351–389CrossRefGoogle Scholar
  3. La Porta R, Lopez-de-Silanes F (1998) Law and finance. J Polit Econ 106(6):1113CrossRefGoogle Scholar
  4. La Porta R, Lopez-de-Silances F, Shleifer A (1999) Corporate ownership around the world. J Financ 54(2):471–517CrossRefGoogle Scholar
  5. La Porta R, Lopez-de-Silanes F, Shleifer A, Vishny R (2000) Investor protection and corporate governance. J Financ Econ 58(1–2):3–27CrossRefGoogle Scholar
  6. Shah N, Napier CJ (2017) Governors and directors: competing models of corporate governance. Paper presented at the 9th accounting international history conference, Verona, SeptemberGoogle Scholar

Copyright information

© Springer International Publishing AG, part of Springer Nature 2018

Authors and Affiliations

  1. 1.Willumstad School of BusinessAdelphi UniversityGarden CityUSA

Section editors and affiliations

  • Anthony F. Libertella
    • 1
  • Samuel M. Natale
    • 2
  1. 1.Robert. B. Willumstad School of BusinessAdelphi UniversityNew YorkUSA
  2. 2.Robert. B. Willumstad School of BusinessAdelphi UniversityNew YorkUSA