Proceedings of the 20th International Academic Conference, Madrid

THE MAIN MODELS OF CORPORATE GOVERNANCE

ROXANA LOREDANA DAN, ALEXANDRU BUGLEA, CECILIA ANIS

Abstract:

Corporate governance represents a set of processes and policies by which a company is managed, controlled and directed to achieve the predetermined management objectives settled by its shareholders. The development of corporate governance has been affected by a number of models that have been developed over the years. Thus, in our research, we are trying to determine the common elements, and also, the differences that have occured between the traditional model of corporate governance, german model, japonesse model, and also, islamic model. Taking into consideration that each country has its specific economy characteristics and also, individual culture, we intend to identify the best model that is suitable for each area.

Keywords: traditional model of corporate governance, german model of corporate governance, japonesse model of corporate governance, islamic model of corporate governance, stakeholder, shareholder.

DOI: 10.20472/IAC.2015.020.028

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