Constructive Bearing of Corporate Governance Mechanisms on Organizations: A Review of Corporate Governance Manual in Ghana

Patrick Obeng Danso, Yusheng Kong, Michael Nana Owusu-Akomeah, Stephen Owusu Afriyie


The international standard on social responsibility, ISO 26000, describes organizational governance as a system by which an organization makes and implements business decisions in quest of its objectives. The corporate governance systems encompass management procedures that are geared towards delivering objective-based organizational performance, while considering the interests of stakeholders. The systems seek to ensure compliance of standards, regulations, and business rules to which organizations must observe and adhere to achieve the goal of the institution. In view of this, corporate governance manual provides a framework for directors, executives, and shareholders of organizations for protection and accomplishment. When the structures, practices, guidelines, regulations are strong, or stuck to, good governance would be upheld. In essence, the manual allows organizations to follow procedures that serve the needs of shareholders, management team, customers and other stakeholders responsibly and effectively, while meeting the organization’s short and long-term goals. It is generally associated with overarching principles such as fairness, independence, transparency, accountability, honesty and social responsibility. Corporate governance propels these principles into practice by making enhancements to internal controls and operational procedures to achieve organizational objectives.

Full Text:



BANANUKA, J., NKUNDABANYANGA, S. K., NALUKENGE, I. & KAAWAASE, T. 2018. Internal audit function, audit committee effectiveness and accountability in the Ugandan statutory corporations. Journal of Financial Reporting and Accounting, 16, 138-157.

BEDFORD, D. S., BISBE, J. & SWEENEY, B. 2019. Performance measurement systems as generators of cognitive conflict in ambidextrous firms. Accounting, Organizations and Society, 72, 21-37.

CLARK, M. A., EARLY, R. J., BALTES, B. B. & KRENN, D. 2019. Work-Family Behavioral Role Conflict: Scale Development and Validation. Journal of Business and Psychology, 34, 39-53.

CLARKE, C. & FRIEDMAN, H. H. 2016. 'Maximizing Shareholder Value': A Theory Run Amok. Clarke, Clifton & Friedman, HH (2016). Maximizing shareholder value: A theory run amok. i-manager's Journal on Management, 10, 45-60.

DE GRAAF, F. J. & HERKSTRÖTER, C. A. 2007. How corporate social performance is institutionalised within the governance structure. Journal of Business Ethics, 74, 177-189.

DE HAAN, J. & VLAHU, R. 2016. Corporate governance of banks: A survey. Journal of Economic Surveys, 30, 228-277.

DE LA PORTE, C. & HEINS, E. 2016. A new era of European integration? Governance of labour market and social policy since the sovereign debt crisis. The sovereign debt crisis, the EU and welfare state reform. Springer.

DEMSKI, J. S. 2003. Corporate conflicts of interest. Journal of Economic Perspectives, 17, 51-72.

DURU, A., IYENGAR, R. J. & ZAMPELLI, E. M. 2016. The dynamic relationship between CEO duality and firm performance: The moderating role of board independence. Journal of Business Research, 69, 4269-4277.

FUNK, R. J. & HIRSCHMAN, D. 2017. Beyond nonmarket strategy: Market actions as corporate political activity. Academy of Management Review, 42, 32-52.

GARG, S. & EISENHARDT, K. M. 2017. Unpacking the CEO–board relationship: How strategy making happens in entrepreneurial firms. Academy of Management Journal, 60, 1828-1858.

MARTIN, G., FARNDALE, E., PAAUWE, J. & STILES, P. G. 2016. Corporate governance and strategic human resource management: Four archetypes and proposals for a new approach to corporate sustainability. European Management Journal, 34, 22-35.

MCCAHERY, J. A., SAUTNER, Z. & STARKS, L. T. 2016. Behind the scenes: The corporate governance preferences of institutional investors. The Journal of Finance, 71, 2905-2932.

PHILLIPS, W. J., FLETCHER, J. M., MARKS, A. D. & HINE, D. W. 2016. Thinking styles and decision making: A meta-analysis. Psychological Bulletin, 142, 260.

VAN GREMBERGEN, W. & DE HAES, S. 2018. Introduction to the Minitrack on IT Governance and its Mechanisms.


  • There are currently no refbacks.