Holistic approach to corporate governance: a conceptual framework

Purpose: The purpose of this paper is to examine the current corporate governance practices and come up with new paradigm in corporate governance. Design/methodology/approach: Reviewing existing literatures on corporate governance framework approaches. Findings: Majority of the frameworks used to explain corporate governance failed to examine corporate governance from a more holistic perspective. Practical implications: This proposed model challenge the corporate governance frameworks that tend toward protecting shareholder interest alone and call for holistic approach towards corporate governance that will consider and protect the interest of all stakeholders, encourage ethical practices and take cognizance of organization operations towards people and environment. Originality/value: The study contributes to the corporate governance literature in providing an insight into holistic approach towards corporate governance. Keywords: Corporate governance, holistic, ethics, economic, environment, social, triple bottom line
Paper Type: Literature Review Introduction The issue of corporate governance has been a reactive to corporate organizations failure. Corporate scandals can be traced to Medici Bank in 1494 when the [...]