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This thesis examines the development of the independent director system in China. The newly introduced independent director system is viewed as a revolutionary change to the Chinese corporate governance development. After analyzing the barriers in independent directors’ practice in China, this thesis gives some suggestions on how to improve the independent director system in China. Finally the thesis concludes that the independent director system will certainly become effective in China, but only if China’s policy makers can eventually solve the existing problems.

Some researchers claim that we are witnessing the advancement of becoming a network society, and in spite of the different problems associated with the network form of organization, many cities still choose to engage in different types of networks. On account of that the aim of the study is to examine which expectations Swedish member cities of the network Eurotowns might have, and if their actions in the initial period of engagement in Eurotowns mainly could be explained by “Logic of Consequentiality” or “Logic of Appropriateness”. A qualitative research method was used and a major part of the empirical material consists of the information given by the interviewees. Regarding the expectations Swedish member cities have on Eurotowns, the result showed that five main areas could be identified mutual resource exchange, activities, breadth, security and meeting place. The results also showed that the actions of Swedish member cities may vary between “Logic of Consequentiality”, “Logic of Appropriateness” or a combination of the both logics. Furthermore the study also provides empirical evidence supporting the previously theoretical criticism expressed regarding the central assumption that the strategic actions of an actor can be regarded as a direct consequence of the mutual resource dependency.

Whilst extensive research has been done on the association between corporate governance and firm performance, the empirical evidence is inconclusive. This thesis argues that the failure of past studies to establish a positive association between corporate governance and performance might be caused by the use of conservative accounting in firms. If firms with stronger corporate governance adopt more conservative accounting procedures, then tests of the relationship between corporate governance characteristics and performance will be biased downwards. If market participants fail to recognise a link between conservative accounting and corporate governance, then firms with stronger corporate governance might also be systematically undervalued. Therefore, studying the relationship between selected corporate governance attributes and the extent of conservative accounting does more than just extend our understanding of the link between governance characteristics and accounting quality. It also provides useful insights for interpreting the existing literature on the association between corporate governance and performance. In this thesis, detailed investigation is undertaken of the link between several governance characteristics (as well as an aggregate index) and the extent of conservatism evident in Australian firms?? financial reporting. Overall, the results provide only weak evidence that firms with certain governance characteristics report more conservatively. Evidence of any such link is restricted to measures of board composition and leadership, and even then the results are sensitive to the method used to measure the extent of conservatism in financial reporting. There is no systematic evidence of an association for measures of audit committee composition, nor board size. Finally, there is only weak evidence that use of a Big 5 auditor affects the extent of conservatism and the results are sensitive to the period investigated. These results are all robust to explicitly recognizing possible endogeneity between the extent of conservative accounting and the governance attributes examined. Overall, the results raise important questions about the extent to which widely advocated corporate governance attributes result in accounting outcomes which accelerate the revelation of relatively poor economic news, at least for Australian firms in the years examined (1998 and 2002). However, beyond the immediate relationship examined, the results also suggest that caution is appropriate before dismissing the absence of a link between governance attributes and firm performance as being attributable to accounting conservatism.

This thesis introduces the application of discrete Principal Component Analysis (PCA) to corporate governance research. Given the presence of many discrete variables in typical governance studies, I argue that this method is superior to standard PCA that has been employed by others working in the area. Using a dataset of 244 companies listed on the London Stock Exchange in the year 2002-2003, I find that Pearson's correlations underestimate the strength of association between two variables, when at least one of them is discrete. Accordingly, standard PCA performed on the Pearson correlation matrix results in biased estimates. Applying discrete PCA on the polychoric correlation matrix, I extract from 28 corporate governance variables 10 significant factors. These factors represent 8 main aspects of the governance system, namely auditor reputation, large shareholder influence, size of board committees, social responsibility, risk optimisation, director independence level, female representation and institutional ownership. Finally, I investigate the relationship between corporate governance and a firm's long-run share market performance, with the former being the factors extracted. Consistent with Demsetz' (1983) argument, I document limited explanatory power for these governance factors.

This research analyses the governance structures and processes of thirteen independent primary schools in Perth, and one state primary school in Western Australia termed an ‘alternative’ or ‘lighthouse’ school. More in-depth case studies were undertaken at five sites with participants from different time periods. All the schools had a school council or board since their foundations and notably all schools had their origins in the period of the alternative school and community empowerment movement of the 1970s and 1980s. In an era of market reform and the corporatisation of schools, the critical areas of focus for this research were: how community expectations and school identity were maintained within council-governed schools; how democratic imperatives compete with professionalism and school improvement issues; and how schools confront dilemmas of governance. Three frameworks, Phases of Development, Community Empowerment and Dilemmas, were employed as useful means to discuss school governance. The results revealed changes in governance over time. Schools began to envisage themselves less as communities and more as businesses. The emphasis was away from parent involvement and towards efficiency and commercial practices. Tensions and dilemmas arose out of these changes. The thesis concluded that it was not the structures or individuals that were crucial in governance processes but the playing out of particular tensions and dilemmas. Principals and councils have to acknowledge the dilemmas that arise from competing values systems and make choices based on a clear understanding of these dilemmas.

Thesis (Ph.D.)--York University, 2006. Graduate Programme in Business Administration. / Typescript. Includes bibliographical references (leaves 168-181). Also available on the Internet. MODE OF ACCESS via web browser by entering the following URL: http://gateway.proquest.com/openurl?url_ver=Z39.88-2004&res_dat=xri:pqdiss&rft_val_fmt=info:ofi/fmt:kev:mtx:dissertation&rft_dat=xri:pqdiss:NR19850

Zugl.: Göttingen, Univ., Diplomarbeit, 2007

Thesis (Ph.D.)--Drexel University, 2005. / Includes abstract and vita. Includes bibliographical references (leaves 87-92).