Business, Management and Accounting
8 years ago

Global economic crisis reveals urgent need for improved corporate governance in transition economies.

Annals - Economy Series
The role of corporate governance in transition economies: contribution and development
Olivera Gorgieva-Trajkovska, Krume Nikoloski, Blagica Koleva, Vesna Georgieva Svrtinov

Paper Summary

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Corporate governance is crucial for companies in transition economies. The global economic crisis exposed weaknesses in governance, leading to company failures and increased poverty. Transition economies lack established financial institutions to address governance issues. Good governance can boost share prices and attract investors. Transparency, independent directors, and audit committees are key.