Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/84412
Authors: 
Apreda, Rodolfo
Year of Publication: 
2011
Series/Report no.: 
Serie Documentos de Trabajo, Universidad del CEMA: Área: finanzas 442
Abstract: 
This paper puts forward an innovative construct called the Statute of Governance, by which a company can foster and enhance its corporate governance. The paper argues that it is not enough to list some principles of governance and a set of related good practices, as the Australian Stock Exchange has done, albeit it comprises the best available guidelines for the time being. We contend, however, that a step further should be taken, consisting of a Statute of Governance designed and passed by the Board, voted through by stockholders, and enacted by the management. Such statute is a pivotal linkage between principles and good practices, because it becomes enforceable from within the company itself, as the basic by-law concerning corporate governance.
Subjects: 
statute of governance
principles of governance
good practices
Australian Stock Exchange
corporate governance
JEL: 
G34
G32
Document Type: 
Working Paper

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