Corporate governance: its definition and application in Latvia
2006
Tocelovska, N.(Erasmus Student Network (ESN) International, Brussels (Belgium)) | Vaidere, I.(University of Latvia, Riga (Latvia))
The term "corporate" is just appearing in the developing economic environment in Latvia even though in the international business it is considered as one of the central issues. The pressure of the company type shift from the private owned to the ownership by the stock holders and afterwards going to the open ownership and being listed on the stock exchange; the gap between executive compensation and company performance and inability of the minor shareholders to influence this process, drives the need of the clear definition of the corporate governance" applicable for the local business conditions. Currently in Latvia corporate governance is not perceived as one of the company leading and operating policies. As the result national companies are learning and re-learning the lesson that there are summarizes in the concepts of the corporate governance practices. The government currently revises the obstacles in the form of corruption and not appropriate legislation.
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Este registro bibliográfico ha sido proporcionado por Fundamental Library of Latvia University of Life Sciences and Technologies