Let ’ s Move to “ Universal Corporate Governance Theory

  title={Let ’ s Move to “ Universal Corporate Governance Theory},
  author={SYED AHMED SALMAN and A. Meera},
  • Published 2013
Corporate governance theories, namely the agency theory, stewardship theory and stakeholder theory, have been used in developing the best practices of corporate governance. However, corporate scandals leading to the downfall of financial giants such as Enron and WorldCom in 2003 and the global financial crisis of 2008-2009 have revealed serious inadequacies in the effectiveness of corporate governance. Therefore, these governance failures motivate the researchers to revisit and evaluate… CONTINUE READING

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