Evaluating Corporate Governance: Guiding Principles and Calls for Future Research

Prior research finds that companies’ evaluation of corporate governance is often piecemeal and symbolic, leaving companies vulnerable to systematic risks associated with governance failures. In this paper, we use interview data from 29 chief audit executives (CAEs) from publicly traded companies in...

Full description

Saved in:
Bibliographic Details
Published in:Accounting horizons 2024-11, p.1-17
Main Authors: Cunningham, Lauren M., Hayne, Christie, Neal, Terry L., Stein, Sarah E.
Format: Article
Language:English
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Prior research finds that companies’ evaluation of corporate governance is often piecemeal and symbolic, leaving companies vulnerable to systematic risks associated with governance failures. In this paper, we use interview data from 29 chief audit executives (CAEs) from publicly traded companies in the U.S. to propose guiding principles for how companies can formally evaluate their overall internal corporate governance systems. Our guiding principles can be adapted for a variety of governance-related objectives and leverage existing frameworks. We conclude by offering suggestions for future research. JEL Classifications: G34; M42.
ISSN:0888-7993
1558-7975
DOI:10.2308/HORIZONS-2023-082