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GOVERNANCE AND REGULATIONS’ CONTEMPORARY ISSUES
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Despite being the dominant form of business globally, it is widely recognised that research focused on the governance of small family-owned entities has been largely overlooked. The benefits of sound governance practices are deemed salutary for small business prosperity; however, these enterprises
are confronted with significant governance issues and unique concerns of their own. One particular issue concerns the compliance costs of governance for family-owned businesses and the extent to which the
regulatory environment actually encourages an evolvement towards an improvement in governance practices in smaller businesses.
Reconciling decision speed, flexibility and entrepreneurial innovation to necessary enhanced governance
practices and procedures remains problematic. It is argued that a proper balance between the costs and benefits of proper governance codes structures for smaller firms can only be achieved with a strong
emphasis on flexibility to take account of myriad types of governance requirements of firms. This
would entail the development of an evolutionary view of corporate governance implementation, one which mirrors the process of delegation of the entrepreneurial function to company boards and management. This
would lend support to the view that there is no universal ‘best way’ for all firms at stages of the
business life cycle. In this respect,the application of the principles of subsidiarity and incentives plays an important role.
PIERPAOLO MARANO - Personal Name
NONE
Text
ENGLISH
EMERALD
2018
ENGLAND
ILMU PEMERINTAHAN
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APA Citation
PIERPAOLO MARANO. (2018).GOVERNANCE AND REGULATIONS’ CONTEMPORARY ISSUES.(Electronic Thesis or Dissertation). Retrieved from https://localhost/etd
