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Public governance, corporate governance and excessive ESG
In: Corporate governance: international journal of business in society, Band 23, Heft 7, S. 1748-1777
ISSN: 1758-6054
Purpose
Growing social concerns and ecological issues accelerate firms' environmental, social and governance (ESG) engagement. Hence, this study aims to advance the existing literature by focusing on the interplay between institutional and firm governance mechanisms for greater ESG engagement. More specifically, the authors investigate whether public governance stimulates excessive ESG engagement and whether corporate governance moderates this relationship.
Design/methodology/approach
Using a sample of 43,803 firm-year observations affiliated with 41 countries and 9 industries, the authors adopt a country, industry and year fixed-effects regression analysis.
Findings
The authors find that public governance strength via its six dimensions stimulates excessive ESG engagement. This implies that firms in countries with strong voice and accountability, political stability, government effectiveness, regulatory quality, rule of law and control of corruption are more motivated for ESG engagement. Furthermore, corporate governance negatively moderates the relationship between all public governance dimensions (except political stability) and excessive ESG engagement. This implies that public governance and corporate governance are substitutes for encouraging firms to commit to ESG. Further tests reveal that whereas these results in the baseline analyses are valid for developed countries, they are not valid in emerging markets.
Research limitations/implications
The findings support the interplay between institutional and agency theories. In countries with strong (weak) institutional mechanisms, corporate governance becomes weak (strong) in inciting greater stakeholder engagement. This implies that the public governance mechanism alleviates agency costs, rendering internal mechanisms of corporate governance noncompulsory for ESG engagement.
Practical implications
The findings suggest that emerging countries need to reinforce their institutions for greater accountability, regulatory quality and control of corruption, which will have a domino effect on firms in addressing stakeholder expectations. The results also advise emerging country firms to augment their internal monitoring mechanisms for greater stakeholder engagement, such as structuring boards and establishing corporate social responsibility mechanisms, committees and policies.
Originality/value
This study contributes to the recent literature investigating the role of corporate governance mechanisms in excessive ESG engagement. The study also explores whether public governance is associated with greater ESG involvement and provides a comprehensive analysis of the association between six indicators of public governance quality and excessive ESG practices in developed and emerging economies.
Ocean Governance in Archipelagic Regions : International Governance
International Conference "Ocean Governance in Archipelagic Regions", 7-10 October 2019, Faial, Azores, Portugal. ; A gestão das pescas na Região Autónoma dos Açores (RAA) é feita com base na Política Comum de pescas (PCP, Regulamento UE nº 1380/2013, de 11 de dezembro), que deverá ir ao encontro dos requisitos presentes na Diretiva Quadro Estratégia Marinha (DQEM, Diretiva nº 2008/56/CE do Parlamento Europeu e do Conselho, de 17 de junho) e estar alinhada com os objetivos de desenvolvimento sustentável das Nações Unidas, nomeadamente o #14. A União Europeia (UE), através destes diplomas, exige aos estados membros que implementem medidas de gestão eficientes que assegurem a sustentabilidade social, económica e ambiental das atividades extrativas, incluindo a monitorização regular dos recursos explorados e seus habitats. Neste sentido a UE instituiu um quadro para a recolha e gestão de dados da pesca (Regulamento (UE) 2017/1004, de 17 maio) cujo principal objetivo é assegurar a recolha de dados, por todos os estados membros, que serão posteriormente disponibilizados e utilizados para efeitos de gestão das pescarias comunitárias. A monitorização da atividade pesqueira vem também expressa no art. 15º da PCP ao proibir as rejeições. Isto representa uma mudança fundamental no sistema de gestão das pescarias europeias face ao anterior regulamento base, que permite monitorizar todas as frações da captura e não apenas os desembarques. Um regime de gestão específico de acesso à pesca de espécies em profundidade foi também implementado pela EU (Regulamento (UE) 2016/2336, de 14 dezembro) e prevê, entre outros constrangimentos, uma cobertura mínima das operações de pesca em profundidade. A sustentabilidade das pescarias regionais e a garantia do bom estado ambiental é uma imposição clara da UE e passa pela tomada de medidas eficientes de gestão pesqueira que tenham por base informação obtida ao abrigo de programas sistemáticos de monitorização de recursos, da pesca e dos habitats marinhos. De facto, as decisões estratégicas a adotar na gestão dos recursos marinhos devem basear-se no conhecimento científico sólido e bem fundamentado sobre o nível de exploração que as unidades populacionais podem suportar, tendo em consideração também os potenciais efeitos que sobre eles podem exercer outras pressões. Consciente das obrigações impostas e das necessidades ao nível da recolha de dados da pesca, a administração regional garante a execução do Programa Nacional de Recolha de Dados da Pesca (PNRD) e financia uma série de outros programas de monitorização em estreita colaboração com o Departamento de Oceanografia e Pescas da Universidade dos Açores. Alguns destes programas com uma série temporal de dados considerável, como são a campanha anual de demersais (ARQDAÇO) para estimação de abundâncias de recursos demersais e o Programa de Observação das Pescas dos Açores (POPA) para a recolha de dados das pescarias da região, com especial atenção à pescaria de atum de salto e vara. Acresce a estes programas de monitorização, o COSTA (COnsolidating Sea Turtle conservation in the Azores) que numa parceria com instituições estrangeiras prevê a recolha de dados na pescaria de palangre derivante de superfície, a de maior impacto na conservação de tartarugas marinhas que ocorrem na RAA. No que respeita aos recursos marinhos costeiros de interesse comercial a informação existente resume-se a estudos pontuais, o que levanta alguma incerteza relativamente à eficácia das medidas de gestão implementadas para algumas pescarias. Esta lacuna no conhecimento levou a administração regional, em 2019, a iniciar o financiamento um novo programa de monitorização de recursos costeiros e avaliação do seu estado de conservação (MoniCo), para assim, de forma consciente, impor medidas que permitam a sustentabilidade destas pescarias. A estes programas de monitorização acrescem-se os trabalhos que têm sido desenvolvidos ao nível da caracterização socioeconómica do ativo da pesca bem como do bem-estar financeiro dos mesmos. ; ABSTRACT: Fisheries management in the Autonomous Region of the Azores (RAA) is based on the Common Fisheries Policy (PCP, Regulation (EU) 1380/2013, 11 December), which should meet the requirements of the Marine Strategy Framework Directive (DQEM, Directive No. 2008/56 / EC of the European Parliament and of the Council, 17 June) and be aligned with the United Nations' sustainable development objectives, namely # 14. The European Union (EU), through these diplomas, requires member states to implement efficient management measures that ensure the social, economic and environmental sustainability of extractive activities, including the regular monitoring of exploited resources and their habitats. Accordingly, the EU has introduced a framework for fisheries data collection and management (Regulation (EU) 2017/1004, 17 May) whose main objective is to ensure the data collection, by all member states, which will later be made available and used for fisheries management purposes. Monitoring of fishing activity also expressed in art. 15 of the PCP, which ban the discards. This represents a fundamental shift in the European fisheries management system when compared with the previous regulation, which allows monitoring of all catch components and not only the landings. A specific management regime for access to deep-sea fishing also been implemented by the EU (Regulation (EU) 2016/2336, 14 December) and provides, among other constraints, minimum coverage for deep-sea fishing operations. The sustainability of regional fisheries and the guarantee of a good environmental status is a clear requirement of the EU, which involves efficient fisheries management measures based on information obtained under systematic fisheries resource and marine habitats monitoring programs. In fact, the strategic decisions to be taken in the management of marine resources must be based on solid and well-founded scientific knowledge concerning the level of exploitation that stocks can support, and also taking into account the potential effects that other pressures may have on them. Aware of the obligations imposed and the needs for fisheries data collection, the regional administration guarantees the execution of the Azores Data Collection Framework (DCF) and support several monitoring programs in close collaboration with the Department of Oceanography and Fisheries at the University of the Azores. Some of these programs have a considerable time series of data, such as the annual demersal campaign (ARQDAÇO) for estimating abundance of demersal resources and the Azores Fisheries Observer Program (POPA) for data collection from the regional fisheries, with special attention to pole-and-line tuna fishery. In addition to these monitoring programs, COSTA (COnsolidating Sea Turtle conservation in the Azores) in partnership with international institutions, foresees the data collection in the surface longline fishery, which has the greatest impact on the conservation of sea turtles that occur in the RAA. With regard to coastal marine resources of commercial interest, the existing information is limited to specific studies, which raises some uncertainty concerning the effectiveness of the management measures implemented for some fisheries. This knowledge gap led the regional administration, in 2019, to support a new monitoring program for coastal resources (MoniCo) that will help to assess their conservation status and thus impose more consciously measures that allow the sustainability of these fisheries. In addition to these monitoring programs, work has been carried out on the socioeconomic characterization of the fishing asset as well as their financial well-being. ; Azores Regional Government - Regional Directorate for Fisheries. Regional Directorate for Fisheries supports for better management, among other programs and projects: POPA, COSTA, CONDOR, ARQDAÇO, PNRD and the, recently created, MONICO - Monitoring Program for Coastal Resources. ; info:eu-repo/semantics/publishedVersion
BASE
The ethics of governance and governance of ethics in the King Reports
In: Journal of Global Responsibility, Band 11, Heft 2, S. 187-196
Purpose
The purpose of this paper is to explore the prominence and positioning of ethics in the four editions of the King Report on corporate governance for South Africa that were published since 1994. It tells a tale of how certain ethics aspects remained fairly constant over the four editions of the King Report on corporate governance for South Africa (King I in 1994; King II in 2002; King III in 2009; King IV in 2016), whilst other ethics aspects evolved quite substantially over the four editions.
Design/methodology/approach
In this paper, a conceptual distinction between "Ethics of Governance" and "Governance of Ethics" will be introduced, which will then be used to analyse the ethics dimensions of the four King reports.
Findings
It will be demonstrated that there is continuity across the four editions of the King Report as far as the Ethics of Governance is concerned.
Originality/value
With regards to the Governance of Ethics, there has been a quite drastic evolution in both the prominence and positioning of ethics since the publication of the first King Report in 1994.
Regional governance and global governance: links and explanations
In: Global governance: a review of multilateralism and international organizations, Band 24, Heft 1, S. 61-79
ISSN: 1942-6720
World Affairs Online
WS-Governance: a Policy Language for SOA Governance
In: Ninth International Conference on Service Oriented Computing (ICSOC2011)
The widespread use of Service Oriented Architectures (SOA) is beginning to create problems derived from the governance of said structures. To date there is not a single effective solution to solve all existing challenges to govern this type of infrastructure. This paper describes the problems encountered when designing a SOA governance solution in a real e-Government scenario. More specifically, we focus on problems related to specification and automated analysis of government policies. We propose a novel SOA governance specification model as a solution to these problems. We have named this model WS-Governance. in order to ease its adoption by SOA practitioners it: i) shares WS-Policy guidelines and is compatible with it, ii) has XML serialization as well as a plain-text one and iii) has a CSP based semantics that provides a precise description as well as facilitating the automation of some editing and WS-Governance related activities such as consistency checking.
BASE
Asian Corporate Governance or Corporate Governance in Asia?
In: Corporate governance: an international review, Band 17, Heft 4, S. 407-410
ISSN: 1467-8683
Governance and Complexity-Emerging Issues for Governance Theory
In: Governance: an international journal of policy and administration and institutions, Band 21, Heft 3, S. 311-335
ISSN: 0952-1895
Unexpected epidemics, abrupt catastrophic shifts in biophysical systems, and economic crises that cascade across national borders and regions are events that challenge the steering capacity of governance at all political levels. This article seeks to extend the applicability of governance theory by developing hypotheses about how different governance types can be expected to handle processes of change characterized by nonlinear dynamics, threshold effects, cascades, and limited predictability. The first part of the article argues the relevance of a complex adaptive system approach and goes on to review how well governance theory acknowledges the intriguing behavior of complex adaptive systems. In the second part, we develop a typology of governance systems based on their adaptive capacities. Finally, we investigate how combinations of governance systems on different levels buffer or weaken the capacity to govern complex adaptive systems. Adapted from the source document.
Governance and Complexity—Emerging Issues for Governance Theory
In: Governance: an international journal of policy and administration, Band 21, Heft 3, S. 311-335
ISSN: 1468-0491
Unexpected epidemics, abrupt catastrophic shifts in biophysical systems, and economic crises that cascade across national borders and regions are events that challenge the steering capacity of governance at all political levels. This article seeks to extend the applicability of governance theory by developing hypotheses about how different governance types can be expected to handle processes of change characterized by nonlinear dynamics, threshold effects, cascades, and limited predictability. The first part of the article argues the relevance of a complex adaptive system approach and goes on to review how well governance theory acknowledges the intriguing behavior of complex adaptive systems. In the second part, we develop a typology of governance systems based on their adaptive capacities. Finally, we investigate how combinations of governance systems on different levels buffer or weaken the capacity to govern complex adaptive systems.
Comparing Mutual Fund Governance and Corporate Governance
In: Corporate governance: an international review, Band 14, Heft 5, S. 367-376
ISSN: 1467-8683
Governance of public corporations in the United States has operated under the agency model with regulatory strengthening since the passage of Sarbanes‐Oxley legislation. With this foundation in place, boards are empowered to utilise their power and influence and can effectively monitor the actions of management, intervening where necessary. In effect, the rules of engagement embodied in the structure and the law guide interactions and empowerment. The governance model of the mutual funds industry, representing over 8 trillion dollars, is often viewed as a mirror of the corporate world, but upon closer analysis is found to have significant structural differences that dilute the authority of directors. The two models are compared and analysed with recommendations made to strengthen the oversight of mutual funds.
E-Governance and Good Governance: The Indian Context
In: The Indian journal of political science, Band 66, Heft 2, S. 313-328
ISSN: 0019-5510
Good governance and corruption in Nigeria: the crisis of governance
In: Economic policy watch: journal of economic reforms ; joint project of NACCIMA/CIPE, Heft 7, S. 27-31
World Affairs Online
Environmental governance
In: Routledge introductions to environment series
Governance and leadership
In: Cambridge elements. Elements of improving quality and safety in healthcare
Lessons from service and system failures describe the pivotal roles played by governance and leadership in delivering high-quality, safe care. This Element sets out what the terms governance and leadership mean and how thinking about them has developed over time. Using real-world examples, the authors analyse research evidence on the influence of governance and leadership on quality and safety in healthcare at different levels in the health system: macro level (what national health systems do), meso level (what organisations do), and micro level (what teams and individuals do). The authors describe behaviours that may help boards focus on improving quality and show how different leadership approaches may contribute to delivering major system change. The Element presents some critiques of governance and leadership, including some challenges that can arise and gaps in the evidence, and then draws out lessons for those seeking to strengthen governance and leadership for improvement. This title is also available as Open Access on Cambridge Core.
The essentials of governance
In: Cambridge texts in the history of political thought