Why Traditional Corporate Governance Implementations Fail and Lack Sustainability

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Prof.Dr. Hubert Rampersad
Prof.Dr. Hubert Rampersad

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GJMBR Volume 14 Issue B6

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The collapse of high-profile international businesses, giant banks and megamultinational companies over the past several years, the recent unprecedented worldwide financial crisis, the power shift from public to private sector through converting state-owned enterprises to joint stock publicly-owned companies, the transfer of technology, and globalization are compelling reasons for good corporate governance practices to be applied. Large-scale accounting scandals that brought trouble to many large companies are often caused by unethical behavior of top-executives. Poor ethical leadership, lack of integrity, mismanagement, fraud, corruption, and violating corporate governance rules are the main contributors towards bankruptcy and financial failures. This article introduces an authentic way to reduce these failures.

5 Cites in Articles

References

  1. Hubert Rampersad,Saleh Hussain (2013). Personal Governance.
  2. Hubert Rampersad (2008). Authentic Personal Branding.
  3. H Rampersad (2008). Authentic Personal Branding, www.brandchannel.
  4. Hubert Rampersad (2006). Personal Balanced Scorecard.
  5. H Rampersad (2003). Total Performance Scorecard; Redefining Management to Achieve Performance with Integrity.

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

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Not applicable for this article.

Prof.Dr. Hubert Rampersad. 2014. \u201cWhy Traditional Corporate Governance Implementations Fail and Lack Sustainability\u201d. Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 14 (GJMBR Volume 14 Issue B6): .

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GJMBR Volume 14 Issue B6
Pg. 27- 32
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Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

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v1.2

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October 6, 2014

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English

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The collapse of high-profile international businesses, giant banks and megamultinational companies over the past several years, the recent unprecedented worldwide financial crisis, the power shift from public to private sector through converting state-owned enterprises to joint stock publicly-owned companies, the transfer of technology, and globalization are compelling reasons for good corporate governance practices to be applied. Large-scale accounting scandals that brought trouble to many large companies are often caused by unethical behavior of top-executives. Poor ethical leadership, lack of integrity, mismanagement, fraud, corruption, and violating corporate governance rules are the main contributors towards bankruptcy and financial failures. This article introduces an authentic way to reduce these failures.

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Why Traditional Corporate Governance Implementations Fail and Lack Sustainability

Prof.Dr. Hubert Rampersad
Prof.Dr. Hubert Rampersad

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