ABSTRACT
This chapter examines corporate governance theories highlighting the variety of existing perspectives. The numerous approaches and origins which serve as a starting point for the analysis of corporate governance impact the number of definitions and theoretical frameworks adopted in the literature. Corporate governance remains one of the most intensively researched themes in academic literature, integrating management, finance, political economy and law. The statement of Marco Becht and Ailsa Rell formulated in 1999 remains active today, indicating that: Corporate governance is currently a subject of great international concern and debate. The micro perspective views corporate governance at the company level, explaining the behaviours of different actors and indicating the structures and mechanisms which provide for the most efficient cooperation between them. The shareholder perspective on corporate governance and the relationship between shareholders and managers are viewed as the most popular approach in the literature, dominating the main framework for research and studies.
