This is a summary under the theme: Definition and role of effective governance including the influence of the type of ownship structure (private, public, listed, local authority trading enterprise, charitable trust) on measures of organisation performance, governance ethos, and the appointment of directors by owners.
Summary - Strategic Governance for Business
The strategic governance in an organization whatever fulfilled by both individuals or boards produces many distinct influences on means of organization performance, governance ethos and directors' appointment in terms of different types of the ownership structure mainly including private-owned companies, publicly-listed companies, local authorities and charitable trust etc. One of the very first concerns of governance controlled by boards or individuals (few situations) aims to increase the benefits for investors so that what we emphasize here should be "shifting attention to sustainable value creation, has not thus far addressed what those architectures should be" (Van der Walt & Ingley, 2002, p.
320). In light of current interest and direction of research a perspective in which corporate governance changes alone with difference of the type of the ownership structure has been gradually accepted just because with development new economy, emerging phenomena on implication of decision making, organizational performance and appointment of directors have not been able to be well explained by certain single governance model. Consequently, selecting a suitable governance model based on different type of ownership structure is critical to the success of an organization.
Researchers have argued some definition in different context. As Mahoney, D., Trigg, M., Griffin, R., and Pustay, M. (2001) have identified the strategic governance is a comprehensive and ongoing management planning process aimed at formulating and implementing strategies that enable a firm to compete effectively internationally. Also, McMahan (1998) stress that "the Business Roundtable defines corporate governance as a structure within which,