Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
980294 | Procedia Economics and Finance | 2012 | 10 Pages |
Corporate governance is a multiple term which means control, leadership, individualism and business management in the area of corporations and economic systems (MacKenzie, 1992). It represents a whole community of stakeholders, employees and customers. In this paper, we will examine the relations inside the corporations, we will also define the term: corporate governance and we will give the synthesis of Board directors and CEO councils around the world. A logical question that arise is, if the leader of a corporation has to cooperate or it makes more sense if he takes all the decisions by himself. Is today's corporate leaders a kind of heroes and in which cases? The idea of control and individualism is not a new idea but under certain factors it means responsibility, business ability and capacity to any change. Organizational change and ability to control or to guide people and corporations is a unique strategic advantage and make the difference to all kinds of leadership.