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The recent onslaught of corporate scandals has compelled the world to acknowledge the profound impact of corporate governance practices on the global economy. Corporate governance is of particular concern in developing economies, where the infusion of international investor capital and foreign aid is essential to economic stability and growth. This paper focuses attention on corporate governance initiatives in South Africa, given its significance as an emerging market, its potential leadership role on the African continent and the country's notable corporate governance reform since the collapse of apartheid in 1994. The evolution of the country's corporate structure and the forces driving corporate governance reform over the past decade will be examined, followed by a review of the most notable reform initiatives in place today. Finally, an assessment of those initiatives will be presented, along with recommendations concerning how South Africa's initiatives can serve as models of enhanced corporate governance standards for the African continent.

This paper addresses the issue of good governance for poverty alleviation, citing Malaysia as a case study. Malaysia has experienced sustainable growth along with impressive record of poverty reduction. This has been made possible through good governance and pragmatic pro-growth and distribution policies, strategies and programs for poverty alleviation which was implemented since the era of the New Economic Policy (NEP, 1971–1990), National Development Plan (1991–2000) and will be carried over to National Vision Plan (NVP, 2001–2010). The good governance incorporates an enabling policy framework for poverty alleviation which includes the supportive role of the state, effective delivery system embodying an efficient planning and implementation machinery, incorporating top-down and bottom-up processes of strategic planning, targeting and participation, effective implementation coordination, monitoring and evaluation. The public sector has to shoulder good governance by efforts to improve the public service delivery system to make it more efficient, transparent and accountable. Direct targeting of beneficiaries results from identification of the poor and hardcore poor by rural and urban strata and states, supported by a specialized delivery system of a microcredit program, minimizes leakages of poverty alleviation program's allocations and benefits. Pragmatic pro-growth and distribution policies and strategies in 5-year development plans ensures effective poverty alleviation.

AbstractIn the early 1990s, the Neighborhood Revitalization Program (NRP) allocated $400 million in public funds for Minneapolis neighborhood groups to spend on improvement projects over the coming 20 years. NRP created the most financially empowered structure of neighborhood governance in any American city. This article describes the institutional design of NRP and then explores several of its political, social and economic consequences. In particular, we examine the character of participation, deliberation and conflict in several NRP neighborhoods, the tensions between neighborhood groups and city offices over this decentralization initiative, the effects of decentralization upon neighborhood‐level social capital, and the nature of goods funded under the Program.

PurposeTo improve the understanding of the inter‐organizational dynamics of the dyadic relationships between a buyer and provider of logistics services (TPL dyads).Design/methodology/approachAnalyzes the preparation, implementation, and operation of a particular case of third party logistics (TPL) arrangements. Based on a single case study of a dyadic relationship, the paper confronts the static view of the transaction cost approach and the agency theory on "governance structures" and "contracts" by showing how "relationship governance" emerges and develops over time.FindingsTPL dyads are subject to both controllable and non‐controllable forces of change, which may not always have a positive effect on the logistics performance or the relationship itself. Inter‐organizational dynamics not only relate to learning, competence development, or adaptation, as suggested by other studies, but also to how the dyadic relationships are governed. As the dyad accumulates experience over time, changes will occur in the balance between the two parties in terms of goal congruence and risk preferences, which has a strong influence on the nature of contracts and other safeguards governing the relationship. Similarly, explanatory power of theories applicable to inter‐organizational settings may vary as relationships emerge and develop over time. Focus on core competencies as the logic of outsourcing is followed by a period characterized by a principal‐agent relationship. To ensure further prosperity of the relationship, the two companies must direct their efforts towards the logic of the network approach.Originality/valueContributes to a cross‐disciplinary fertilization of the SCM field, in particular inter‐organizational relationships.

Recent work on corporate governance has highlighted the effects of corporate governance quality on macroeconomic crises, especially in the context of South‐East Asian economies. However, the possibility of reverse causation from macroeconomic performance to corporate governance has been overlooked. This paper aims to address this issue by examining the relationship between macroeconomic stabilisation and corporate governance reforms in Turkey since the 1999 and 2001 crises. We demonstrate that the prospect of macroeconomic stability has led to extensive corporate governance reforms for two reasons. First, recent return to macroeconomic stability has been underpinned by public governance reforms, which spilled over to the area of corporate governance. We call this the statutory reform effect. Second, macroeconomic stability tended to have a positive effect on firms' investment in corporate governance quality. We call this the voluntary reform effect. To substantiate these findings, we examine the post‐1999 developments in the following areas: (i) the effectiveness of regulatory authorities; (ii) disclosure and transparency rules; and (iii) the quality of the enforcement regime.

English
There is a need to develop appropriate ways to analyse issues about complexity in the governance process and about accountability. The preoccupation with policy 'stages' need to be replaced with a more complex model of the way in which policy decisions are inter-related or 'nested'. It is argued that a 'multiple governance framework', influenced by Elinor Ostrom's 'institutional analysis and development' framework, offers a way to do this. The framework is illustrated using examples from English health and education policy, where there are opposed positions about professional autonomy and about local prerogatives, to show how this approach assists the analysis of issues like these.