협동조합 이사회의 역할과 효과성에 관한 고찰-지배구조이론에 근거하여-
A Study on the Role of Board of Directors and its Effectiveness in Cooperatives -Based on the Theory of Governance-
0
조회
0
다운로드
8
인용
0
참고문헌
키워드
초록
As the Framework Act on Cooperatives came into effect and the central and local governments have supported people who want to build their own cooperative, many cooperatives were established. Cooperatives, as a democratic association as well as an enterprise, have the responsibility for managing the democratic governance system and attaining the financial performance. This study focuses on the democratic governance system, and examines the literature on the role of board of directors and its effectiveness. Boards of directors are expected to supervise and control management or to be a strategic partner with management according to the perspectives of the governance theories. But in recent years, some researchers propose that researchers and practitioners would rather integrate plural perspectives to get an effectiveness of board structure and its role. This proposition has implications that it could be important for newborn cooperatives to establish their own governance system considering their goal, the characteristics of members needs, and decision making culture, etc.
Abstract
As the Framework Act on Cooperatives came into effect and the central and local governments have supported people who want to build their own cooperative, many cooperatives were established. Cooperatives, as a democratic association as well as an enterprise, have the responsibility for managing the democratic governance system and attaining the financial performance. This study focuses on the democratic governance system, and examines the literature on the role of board of directors and its effectiveness. Boards of directors are expected to supervise and control management or to be a strategic partner with management according to the perspectives of the governance theories. But in recent years, some researchers propose that researchers and practitioners would rather integrate plural perspectives to get an effectiveness of board structure and its role. This proposition has implications that it could be important for newborn cooperatives to establish their own governance system considering their goal, the characteristics of members needs, and decision making culture, etc.
참고문헌 (31)
- 김아영, "한국 소비자생활협동조합 이사회의 특성에 관한 실증연구 -iCOOP 소비자활동연합회 사례를 중심으로-", 한국협동조합연구, 31(1), pp.27~55 (2013), 한국협동조합학회
- 박준기, "협동조합 이사회의 책임과 역할 -미국 농협 사례를 중심으로-", 한국협동조합연구, 28(2), pp.285~304 (2010), 한국협동조합학회
- 전형수, "소비자생활협동조합법 개정안에서 본 사외이사 제도의 문제점", 한국협동조합연구, 31(2), pp.97~113 (2013), 한국협동조합학회
- Berle, A., "The modern corporation and private property, presis", Corporate Governance - An International Review, 1 (1993)
- Bond, J., "Cooperative Financial Performance and Board of Director Characteristics: A quantitative investigation", Journal of Cooperatives, 22 (2009)
- Brown, P., "Corporate governance, accounting and finance_A review", Accounting and Finance, 51 (2011)
- Coase, R. H., "The nature of the firm, Economica", New Series, 4(16) (1937)
- Cornforth, C., "What makes boards effective? An examination of the relationships between board inputs, structures, processes and effectiveness in non-profit organizations", Corporate Governance: an International Review, 9(3) (2001)
- Cornforth, C., "Making sense of co-operative governance: Competing models and tensions", Review of International Co-operation, 95(1) (2002)
- Cornforth, C., "The governance of co-operatives and mutual associations: a paradox perspective", Annals of Public and Co-operative Economics, 75(1) (2004)
- Davis, J. H., "Toward a Stewardship Theory of Management", The Academy of Management Review, 22(1) (1997)
- Ees, H., "Boards and Board Effectiveness, In The SAGE Handbook of Corporate Governance", pp.183~195 (2012)
- Fama, E., "Separation of Ownership and Control", Journal of Law and Economics, 26(2) (1983)
- Forbes, D., "Cognition and Corporate Governance: Understanding Boards of Directors as Strategic Decision-Making Groups", The Academy of Management Review, 24(3) (1999)
- Hanisch, M., "Governance and performance-analysing patterns of internal governance in agricultural cooperative across the EU 2" (2012)
- Huse, M., "Accountability and Creating Accountability: a Framework for Exploring Behavioral Perspectives of Corporate Governance", British Journal of Management, 16 (2005)
- Jensen, M. C., "Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure", Journal of Financial Economics, 3(4) (1976)
- Kiel, G. C., "Board Composition and Corporate Performance: how the Australian experience informs contrasting theories of corporate governance", Corporate Governance, 11(3) (2003)
- Larcker, D., "Corporate Governance, Accounting Outcomes and Organizational Performance", The Accounting Review, 82(4) (2007)
- Mace, M., "The President and the Board of Directors", Harvard Business Review (1972)
- Miller, M. E., "Towards the development of Integrative Governance Framework for the Third Sector", Faculty of Commerce-Papers, ~ (2006)
- Parker, L., "Boardroom Strategizing in Professional Associations: Processual and Institutional Perspectives", Journal of Management Studies, 44(8) (2007)
- Pettigrew, A., "Sources and Uses of Power in the Boardroom", European Journal of Work and Organizational Psychology, 7 (1998)
- Roberts, J., "Beyond Agency Conceptions of the Work of the Non-Executive Director: Creating Accountability in the Boardroom", British Journal of Management, 16 (2005)
- Spear, R., "Governance in Democratic Member-based Organisations", Annals of Public and Cooperative Economics, 75(1) (2004)
- Surroca, J., "Corporate governance and the Mondragon cooperatives", The Journal of the Iberoamerican Academy of Management, 4(2) (2006)
- Tricker, B., "Corporate Governance" (2012), Oxford University Press
- Tricker, R. I., "Corporate Governance", pp.xxii,~ (2000), Dartmouth
- Williamson, O. E., "Corporate finance and Corporate Governance", The Journal of finance, 43(3), pp.567~591 (1987)
- Yermack, D., "Higher market valuation of companies with a small board of directors", Journal of financial economics, 40 (1996)
- Young, S., "A holistic model of corporate governance: A new research framework", Corporate Governance, 8(1), pp.94~108 (2008)
