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Sound Corporate Governance and Its Benefits in Financial Institutions: Does It Really Matter for Organizational Development

Received: 10 September 2015     Accepted: 23 September 2015     Published: 12 October 2015
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Abstract

Corporate governance in modern times is a rising hot-cake concept that is being introduced worldwide almost in all corporations. The primary purpose of corporate governance is to ensure transparency and equality between a corporation and its shareholders. The intention of this paper is to assess the overall concept of corporate governance, and its practices present in financial institutions. Corporate governance right now is a rising concern all-inclusive, and its streak is beginning to be seen nowadays in our country as well. In our study, we have interviewed executive personnel from financial institutions to find out how much of corporate governance practices are followed in the corporate financial sector. Subsequently, we have tried to identify the benefits of it in financial institutions and the correlation with organizational development.

Published in International Journal of Economics, Finance and Management Sciences (Volume 3, Issue 5)
DOI 10.11648/j.ijefm.20150305.22
Page(s) 507-525
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2015. Published by Science Publishing Group

Keywords

Corporate Governance, Financial Institutions, Organizational Development, Benefits of Financial Institutions

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  • APA Style

    Md. Joynal Abedin, Syed Arif. (2015). Sound Corporate Governance and Its Benefits in Financial Institutions: Does It Really Matter for Organizational Development. International Journal of Economics, Finance and Management Sciences, 3(5), 507-525. https://doi.org/10.11648/j.ijefm.20150305.22

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    ACS Style

    Md. Joynal Abedin; Syed Arif. Sound Corporate Governance and Its Benefits in Financial Institutions: Does It Really Matter for Organizational Development. Int. J. Econ. Finance Manag. Sci. 2015, 3(5), 507-525. doi: 10.11648/j.ijefm.20150305.22

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    AMA Style

    Md. Joynal Abedin, Syed Arif. Sound Corporate Governance and Its Benefits in Financial Institutions: Does It Really Matter for Organizational Development. Int J Econ Finance Manag Sci. 2015;3(5):507-525. doi: 10.11648/j.ijefm.20150305.22

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  • @article{10.11648/j.ijefm.20150305.22,
      author = {Md. Joynal Abedin and Syed Arif},
      title = {Sound Corporate Governance and Its Benefits in Financial Institutions: Does It Really Matter for Organizational Development},
      journal = {International Journal of Economics, Finance and Management Sciences},
      volume = {3},
      number = {5},
      pages = {507-525},
      doi = {10.11648/j.ijefm.20150305.22},
      url = {https://doi.org/10.11648/j.ijefm.20150305.22},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijefm.20150305.22},
      abstract = {Corporate governance in modern times is a rising hot-cake concept that is being introduced worldwide almost in all corporations. The primary purpose of corporate governance is to ensure transparency and equality between a corporation and its shareholders. The intention of this paper is to assess the overall concept of corporate governance, and its practices present in financial institutions. Corporate governance right now is a rising concern all-inclusive, and its streak is beginning to be seen nowadays in our country as well. In our study, we have interviewed executive personnel from financial institutions to find out how much of corporate governance practices are followed in the corporate financial sector. Subsequently, we have tried to identify the benefits of it in financial institutions and the correlation with organizational development.},
     year = {2015}
    }
    

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Author Information
  • Department of Finance, Faculty of Business Administration, American International University-Bangladesh, Dhaka, Bangladesh

  • Department of Economics, American International University-Bangladesh, Dhaka, Bangladesh

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