Corporate Governance—Beyond Borders

Shital Jhunjhunwala ()
Additional contact information
Shital Jhunjhunwala: University of Delhi

Chapter Chapter 12 in Corporate Governance, 2023, pp 237-266 from Springer

Abstract: Abstract The Governance complexities in Corporate Groups and Multinational firms: Large multinational companies generally operate by creating a ‘corporate group’—a network of holding and subsidiary companies. To add to the already complex governance structure, multinationals operate in multiple jurisdictions with different governance systems. The group needs to determine whether all companies will implement the same governance structure or each subsidiary can determine its own governance system. Moreover, how and to what extent will holding company monitor its subsidiaries? Governance strategy adopted by MNC can be classified into four broad categories—Global, Transnational, International and Multi-domestic Governance Strategy. Accordingly, parent company can adopt one of the four governance models—Ritual Board, Bifurcated Board, Advisory Board or Local Board.

Keywords: Multinational Company; Corporate group; Network of companies; Governance strategy; Global; Transnational; International; Multi-domestic; Governance model; Subsidiary (search for similar items in EconPapers)
Date: 2023
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:978-981-99-2707-4_12

Ordering information: This item can be ordered from
http://www.springer.com/9789819927074

DOI: 10.1007/978-981-99-2707-4_12

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 ().