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Corporate governance, boards of directors and corporate social responsibility: The Australian context

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journal contribution
posted on 2023-05-20, 14:20 authored by Kim BackhouseKim Backhouse, Mark WickhamMark Wickham
The challenge of corporate governance in Australian corporations is similar to those faced by the majority of corporations operating globally albeit the manner in which corporate governance is structured in Australia represents a strong reflection of the island continent‟s people, egalitarian culture, and legislative framework. This article considers the legal framework in which Australian corporations operate within, which includes a discussion of corporate governance principles, the role of directors and ownership structures of companies in Australia. Australian board of director practices are discussed in detailed and this article outlines how these practices are heavily influenced by the Australian Commonwealth Corporations Law (which sets out mandatory legal requirements that all Australian companies must adhere to). The article continues to explore briefly directors‟ remuneration practices, recent shareholder‟s rights protection and activism, the importance of corporate governance and the link to firm performance, and finally the importance of corporate social responsibility in the Australian context.

History

Publication title

Corporate Ownership & Control

Volume

17

Issue

4

Pagination

60-71

ISSN

1727-9232

Department/School

TSBE

Publisher

Virtus Interpress

Place of publication

Ukraine

Rights statement

Copyright © 2020 The Authors. Licensed under Creative Commons Attribution 4.0 International (CC BY 4.0) http://creativecommons.org/licenses/by/4.0/

Repository Status

  • Open

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