This book examines corporate governance through a holistic lens that integrates financial, social and environmental goals, e.g. increasing transparency and disclosure. In addition, it investigates the theoretical assumptions guiding the current corporate governance practices adopted by companies in Central Europe and Russia. The book presents a dynamic study on the evolution of corporate governance systems, which were practically non-existent just 30 years ago. In turn, it addresses criticism leveled at corporate governance, its impact on the outbreak of the financial crisis, and recommendations for changes after the crisis. The book employs a regional focus, exploring a group of countries that have often been neglected in corporate governance research. Carefully selected data and a variety of case studies prepared by leading authors from the region provide evidence to support the analysis.
Table of Content
Exploring the Issue of Corporate Governance in Central Europe and Russia: An Indroduction.- Part I: Mechanisms and Structures.- Ownership Concentration and Performance of Privately-Held Firms with Multiple Owners and the Moderating Effect of Managerial and Corporate Ownership: Evidence from Post-Socialist European Countries.- Corporate Transparency and Internal Audit/Control as Investor Protection Tools in the Opaque Russian Market.- Audit Committees in Supervisory Boards of Polish Public Companies: Theory, Practice and Regulations.- Corporate Control Market: Russian Practice.- Part II: Best Practices and Standards.- Stakeholder Value Assessment: Attaining Company-Stakeholder Relationship Synergy.- Evaluation of Operational Management and Corporate Governance Quality in State-Owned Enterprises in Russia.- Progress of the Corporate Governance Practice in Russian State- Owned Companies.- Corporate Governance in Bulgaria.- Compliance with Corporate Governance Best Practice: The Evidence from Polish Listed Companies.- Part III: Regulation.- A View on Corporate Governance in Romania: Regulation and Effects.- Corporate Sector in Russia: What Happened and What Is Ahead Analysis.- Development of Corporate Governance in Ukraine: Legislation and Practices.- The Influence of Regulations on SOEs: The Perception of Polish SOEs’ Board Members.- Efficiency of Legal Framework for Corporate Governance in the Republic of Moldova.
About the author
Maria Aluchna is an associate professor at the Department of Management Theory, Warsaw School of Economics, Poland. Her research interests include corporate governance and corporate social responsibility. She teaches “Corporate governance”, “Transition in Central and Eastern Europe” and “Strategic management”. Maria Aluchna is the member of European Corporate Governance Institute (ECGI), European Academy of Management (EURAM), the editorial teams of Journal of Knowlegde Globalization, European Journal of Management and of the Polish journals – Przegląd Organizacji [Organization Review] and e-Mentor.
Samuel O.Idowu is a senior lecturer in Accounting and Corporate Social Responsibility at the London Guildhall Faculty of Business & Law, London Metropolitan University, UK. He researches in the fields of Corporate Social Responsibility (CSR), Corporate Governance, Business Ethics and Accounting and has published in both professional and academic journals since 1989. Heis a freeman of the City of London and a Liveryman of the Worshipful Company of Chartered Secretaries and Administrators. Samuel is a Vice President and Deputy CEO, Global Corporate Governance Institute. He has led several edited books in CSR and is the Editor-in-Chief of two Springer’s reference books – the Encyclopaedia of Corporate Social Responsibility and the Dictionary of Corporate Social Responsibility. He is also a Series Editor for Springer’s books on CSR, Sustainability, Ethics and Governance. One of his edited books was ranked 18th in the 2010 Top 40 Sustainability Books by, Cambridge University, Sustainability Leadership Programme. Samuel is a member of the Committee of the Corporate Governance Special Interest Group of the British Academy of Management (BAM). He is on the Editorial Boards of the International Journal of Business Administration, Canada and Amfiteatru Economic Journal, Romania. Samuel has delivered a number of Keynote Speeches at national and internationalconferences and workshops on CSR and has on two occasions 2008 and 2014 won Emerald’s Highly Commended Literati Network Awards for Excellence. To date, Samuel has edited several books in the fields of CSR, Sustainability, Ethics and Governance and has written four forewords to books. Samuel has served as an external examiner to the following UK Universities – Sunderland, Ulster, Anglia Ruskin and Plymouth. He is currently an external examiner at Robert Gordon University, Aberdeen, Teesside University, Middlesbrough and Sheffield Hallam University.
Irina Tkachenko is a professor at Ural State University of Economics, Ekaterinburg, Russia, director of the Institute of Corporate Governance and Entrepreneurship, and head of the Department of Corporate Economics, Governance and Business, and Business Administration. She is a Doctor of Science (Economics). Her doctorate dissertation (2002) “Institutional and Valuable Basis for Effective Development of Interfirm Corporate Relations” was devoted to the problems of corporate governance. She specializes in topics of corporate governance, corporate social responsibility and public-private partnership. She is one of the co-authors of the book “Transforming Governance: New Values, New Systems in New Business Environment”, edited by M.Aluchna, Guler Aras. Tkachenko is one of the co-authors of the book “Responsible Corporate Governance”, published by Springer (2017) and edited by M.Aluchna, S.O. Idowu.
Irina Tkachenko has won many grants on corporate governance issues, including international: The Fundamental Research Fund in the sphere of economic science by the Russian Ministry of Education (1999-2000, 2003-2004); RGNF Grant, (2001, 2011-2012); The Russian Foundation for Basic Research (2013-2015); Grant of Bridge partnership with Ashcroft International Business School of Anglia Ruskin University, UK (2006-2010, 2012); ACTR-RSEP fellowship, George Washington University, Washington, DC (USA, 1995); Canada-Russia Program in Corporate Governance, Schulich School of Business, Toronto, Ontario, Canada, Grant of CIDA, June-July, 2003; Erasmus Mundus Action 3: (SCEE project) – The Warsaw School of Economics (Szkoła Główna Handlowa w Warszawie, SGH) (2013). Tkachenko was a visiting lecturer in Karaganda State University, Kazahstan (2012), in Poland (SGH, 2013), in Italy (Luiss Guido Carli University and Link Campus University (Rome, 2014) and Florence University (2014).