Corporate Governance An International Perspective

​This book brings together a representative collection of perspectives on the way how corporate governance is being aligned with the social responsibility of an organization and the accountability of its management both in large corporations and in medium

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Corporate Governance An International Perspective

Corporate Governance

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Samuel O. Idowu • Kiymet Tunca C¸aliyurt Editors

Corporate Governance An International Perspective

Editors Samuel O. Idowu London Metropolitan University London Metropolitan Business School London United Kingdom

Kiymet Tunca C¸aliyurt ˙Iktisadi ve ˙Idari Bilimler Faku¨ltesi I˙s¸letme Bo¨lu¨mu¨ Trakya Universitesi Edirne Turkey

ISBN 978-3-642-45166-9 ISBN 978-3-642-45167-6 (eBook) DOI 10.1007/978-3-642-45167-6 Springer Heidelberg New York Dordrecht London Library of Congress Control Number: 2014935246 © Springer-Verlag Berlin Heidelberg 2014 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)

In Memory of my late father, Ali Suat Tunca and To my mother Nimet Tunca Kiymet Tunca C¸aliyurt

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Foreword

While corporate governance may not be a term that many use in their day to day life, it is in fact an idea that is more pervasive in society than ever before. People are increasingly concerned that the products and services that they use are provided in both an ethical and sustainable manner. At a time when reputation or good public image is of unparalleled value to a business, and something that they spend both large amounts of time and money ho