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The missing link to an effective corporate governance system

The missing link to an effective corporate governance system Purpose – The purpose of this paper is to propose a new approach to designing enterprise systems (ES). The goal is to create an information system that can be more efficient and able to contribute to a more stable and efficient corporate governance system. Design/methodology/approach – The new design approach is based on a retrospective analysis of the evolution of enterprise systems and the emerging business requirements. Findings – The new ES (Holistic Information System) does not diminish the problem of Corporate Governance (CG). The design and implementation of ES, according to modern CG principles and guidelines, can help all parties make rational decisions (through the power of logic and not through the logic of power), facilitate the market for corporate control, the flow of information and hence the efficiency of the CG system. Practical implications – The new framework can help information systems designers to understand and create a more holistic system. Also, it can help stakeholders understand the role that the ES can play in the corporate governance system and exert influence on managers to adopt an information system that covers their needs as well. Originality/value – It is the first attempt to merge the theory of corporate governance with the ES theory in order to formulate a new design approach. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Corporate Governance Emerald Publishing

The missing link to an effective corporate governance system

Themistokles Lazarides; Evaggelos Drimpetas
Corporate Governance , Volume 8 (1): 10 – Feb 20, 2008
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References (16)

Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
1472-0701
DOI
10.1108/14720700810853419
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to propose a new approach to designing enterprise systems (ES). The goal is to create an information system that can be more efficient and able to contribute to a more stable and efficient corporate governance system. Design/methodology/approach – The new design approach is based on a retrospective analysis of the evolution of enterprise systems and the emerging business requirements. Findings – The new ES (Holistic Information System) does not diminish the problem of Corporate Governance (CG). The design and implementation of ES, according to modern CG principles and guidelines, can help all parties make rational decisions (through the power of logic and not through the logic of power), facilitate the market for corporate control, the flow of information and hence the efficiency of the CG system. Practical implications – The new framework can help information systems designers to understand and create a more holistic system. Also, it can help stakeholders understand the role that the ES can play in the corporate governance system and exert influence on managers to adopt an information system that covers their needs as well. Originality/value – It is the first attempt to merge the theory of corporate governance with the ES theory in order to formulate a new design approach.

Journal

Corporate Governance – Emerald Publishing

Published: Feb 20, 2008

Keywords: Corporate governance; Management effectiveness; Information systems

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