Corporate governance is the system by which companies are directed and controlled. The chapter outlines agency theory, the dominant theory in corporate governance literature. Moreover, the chapter sheds light on the main features of the three dominant models of corporate governance. Ownership structure and board structure are outlined. The chapter explains the role of a CEO, and the selection processes for this apex corporate figure. Last, the chapter illustrates the components of the executive compensation package.
Minciullo, M., Zaccone, M. C., Corporate Governance, in Pedrini, M., Minciullo, M., Molteni, M. (ed.), The Corporate Strategy Hourglass. Multi-stakeholder and multi-business value creation, McGraw-Hill Education, Milano 2023: 85- 108 [https://hdl.handle.net/10807/260356]
Corporate Governance
Minciullo, Marco
Primo
;Zaccone, Maria Cristina
Secondo
2023
Abstract
Corporate governance is the system by which companies are directed and controlled. The chapter outlines agency theory, the dominant theory in corporate governance literature. Moreover, the chapter sheds light on the main features of the three dominant models of corporate governance. Ownership structure and board structure are outlined. The chapter explains the role of a CEO, and the selection processes for this apex corporate figure. Last, the chapter illustrates the components of the executive compensation package.
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