Corporate Governance, Risk and Crises in Small Companies: shedding light from inside the boardroom black box

• Authors: Spiers Leslie
• Languages of publication: EN

Abstracts

EN

The extant literature consistently identifies small companies as being inherently fragile, rendering them more liable to fail than their larger counterparts in the event of a crisis occurring. This paper considers the findings of a series of interviews with directors of small companies concerning corporate governance, risk and their preparedness to manage a crisis. Current corporate governance practice adds little to the effective management of crises in small companies where a prevailing attitude of denial by directors limits meaningful actions to prevent or mitigate the consequences of unanticipated events. The paper also incorporates the observations of the author, a board chairman for over 30 years, concerning corporate governance in practice within small companies. Keywords: corporate governance, small companies, risk, crisis management, boards of directors, non-executive directors

Keywords

EN

corporate governance, small companies, risk, crisis management, boards of directors, non-executive directors

• Publisher: Uniwersytet Ekonomiczny w Poznaniu. Wydawnictwo Uniwersytetu Ekonomicznego w Poznaniu
• Journal: Economics and Business Review
• Year: 2017
• Volume: 3(17)
• Issue: 1

Dates

published

2017-03-30

Contributors

author

Spiers Leslie

• Bournemouth University Business School, 89 Holdenhurst Road, Bournemouth, BH8 8EB, UK

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Identifiers

DOI

10.18559/ebr.2017.1.6