The Role of Corporate Governance

Marco Bodellini () and Massimo Paolo Gentili ()
Additional contact information
Marco Bodellini: University of Bergamo and PwC Legal
Massimo Paolo Gentili: Gentili & Partners

Chapter 1 in The Governance of Luxembourg Investment Vehicles, Asset Managers, and Asset Owners, 2026, pp 1-38 from Springer

Abstract: Abstract This chapter explores the fundamental role of corporate governance as the system by which companies are directed and controlled. It traces the historical evolution of governance through four centuries, from the birth of joint-stock companies to modern global ESG-driven standards. The text discusses key theoretical frameworks, including agency theory, stewardship theory, and stakeholder theory, while examining the shift from shareholder primacy toward purpose-driven governance. It also addresses the institutionalization of governance through soft law principles (like the OECD Principles) and binding hard law regulations.

Keywords: Agency theory; Stewardship theory; Stakeholder theory; Value creation; Purpose-driven governance; OECD principles; Soft law; Director duties (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-032-31062-0_1

Ordering information: This item can be ordered from
http://www.springer.com/9783032310620

DOI: 10.1007/978-3-032-31062-0_1

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().