Chapter 4 Multinational Corporations, Governments and Corporate Governance

Abstract

In every country, those in charge of governance are expected to play a major role in shaping business and economic activities. They are expected to come up with a framework that will underpin the principles, policies, laws and regulations they put in place to guide these economic and business activities and the compliance thereof. Such frameworks always depend on the political-economic philosophy of the country or those in charge of governance. As a result of the enormous power and influence political institutions wield on business organisations, these institutions constitute one of the cardinal ‘environments’ that ought to be considered when businesses are formulating their strategies as they constitute the pivot upon which the wheel of other environmental factors rotate.

Citation

Omoteso, K. (2011), "Chapter 4 Multinational Corporations, Governments and Corporate Governance", Aras, G. and Crowther, D. (Ed.) Governance in the Business Environment (Developments in Corporate Governance and Responsibility, Vol. 2), Emerald Group Publishing Limited, Leeds, pp. 59-70. https://doi.org/10.1108/S2043-0523(2011)0000002007