Impact of globalization to the corporate governance

Abstract

Even though corporate governance or the corporate governance framework has no universally accepted and uniform definition, corporate governance should be understood as a framework of the company’s management and control. The aim of presentation is to identify governance conceptions globally and particularly in Lithuanian joint-stock companies and actual situation. In presentation it is contented that good corporate governance exerts effect on the company’s performance and ability to attract capital necessary for the growth of the company. By comparing different structures of Corporate Governance schools, still it is affirmed that globally good corporate governance is a key factor with a view to attracting both domestic and foreign investment, retaining investor confidence. Also, author agrees that globally enhancing awareness of companies about the standards of corporate governance based on best practice analysis encourages development of good corporate governance. Such standards are of crucial importance especially to public companies.[...]