ABSTRACT

The basic principles of corporate governance apply to every corporate entity. This chapter considers governance issues specific to certain types of entities. Some companies, professional bodies, and many academic institutions are created under charter from the monarch or the government. Their charters are their constitutions. Other bodies are incorporated under government legislation specific to their sector, for example, cooperative societies, saving and loan associations (building societies), and trade unions. These acts provide corporate governance rules for the boards. Some countries also have government regulations for charities. Partnerships have another form of corporate governance in which the partnership agreement determines the governance rules. The chapter also considers the governance of family companies, state-owned enterprises, employee-owned companies, and companies in corporate groups, including associated and subsidiary companies. The chapter concludes with advice to directors seeking further information.