Communication in International Institutions and Corporations
– DOI 10.55206/PINQ4392
Georgi Tonev
University of National and World Economy
Email: Gtonev_2421217@unwe.bg
Abstract: Corporate governance pertains to the underlying mechanisms, procedures, and concepts that govern the direction and management of corporations. The concept encompasses a complex interaction between the company’s executives, its board of directors, shareholders, and other interested parties. The fundamental tenets of corporate governance, including accountability, openness, fairness, and responsibility, constitute the foundation for establishing governance structures that foster ethical decision-making, manage risks, and improve business performance. The first aim is to explore the complex and diverse aspects of corporate governance by examining its theoretical underpinnings and assessing their practical significance in modern company operations. The second aim is to fill this vacuum by analyzing the several theoretical views that form the foundation of corporate governance, such as agency theory, stakeholder theory, stewardship theory, transaction cost economics, and resource dependence theory. Each of these theories provides unique perspectives on the motives, behaviors, and interactions of the many stakeholders in corporate governance.
Keywords: corporate communication, corporate governance, corporate suitability, European Union.
Rhetoric and Communications Journal, issue 62, January 2025