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lindy, Australia
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Corporate Governance and Compliance
My current research is currently exploring the difference between corporate governance concepts and compliance. These two concepts are usually said to be intercorrelated. Would you concur that that is necessarily the case? I would appreciate feedback from other readers on both the concepts of CG and compliance with performance.
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Jaap de Jonge
Editor, Netherlands
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Corporate Governance and Compliance Compliance is a concept to indicate that a corporation is operating in accordance with current applicable laws and regulations. Compliance should primarily be seen as a part of external corporate governance, because it is one of the influences from outside the firm on the governance of the firm
But observe that all internal CG mechanisms also have to be compliant with applicable laws and regulations.
Is this what you meant?
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Sherif Kamel, Egypt
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Corporate Governance and Compliance - Corporate Governance: The overriding objective of CG is to protect the shareholders' rights and ensure that the organization is properly managed through the implementation of sound strategies and action plans and the development of an integrated framework of controls over the organization's resources.
- Whereas compliance is concerned with the principles underpinning the best practice of CG, applied in a manner that is most suited to the organization, supported by an overriding organization-wide commitment to the highest standards of ethical behaviour.
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E Benshetler
Project Manager, United States
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Corporate Governance and Compliance You used the terms 'intercorrelated' and 'with performance' and I also noticed you're a PhD student. Reading between the lines, it sounds like you are studying CG and compliance as independent variables that could affect performance as the dependent variable, and are asking about either interaction effects or possible multicollinearity between the two IVs.
Is this correct? Could you add a little more explanation that would clarify this?
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lindy, Australia
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Corporate Governance I am indeed exploring the multiple definitions of corporate governance and compliance and the causal links (or rather) associations between the dependent and independent variables. Much research has been undertaken in this area.
However, the definitions remain broad and vague and results on association findings are often varied with some interrelatedness between idv and dv in some findings and none in other findings.
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