Template-Type: ReDIF-Article 1.0 Author-Name: Asma Yousuf Author-X-Name-First: Asma Author-X-Name-Last: Yousuf Author-Name: Husam Aldamen Author-X-Name-First: Husam Author-X-Name-Last: Aldamen Author-Name: Ghassan H. Mardini Author-X-Name-First: Ghassan H. Author-X-Name-Last: Mardini Title: Board effectiveness and corporate social responsibility in light of cultural dimensions: what changed during the COVID-19 pandemic? Abstract: We examine whether board effectiveness influences CSR during the unprecedented COVID-19 period, against the backdrop of cultural dimensions. Using a balanced sample consisting of 3,261 unique firms (6,522 firm years) from 49 countries, we show that an effective board increases environmental and social performance in the period before and during COVID-19. However, the results indicate that board effectiveness has a weaker positive impact on environmental and social performance during the COVID-19 period relative to the period before the crisis. The findings with respect to cultural dimensions show that CSR performance is higher in collective and feminine countries and those with low power distribution and high uncertainty avoidance. However, the cultural dimensions-CSR relationship is not impacted by the pandemic. The study relied solely on Hofstede's cultural dimension as cultural scores. Researchers could consider other scores to capture the effect of culture, such as Globes' cultural scores and Gray's accounting values. The findings are useful to policymakers, as they prompt them to pay attention to board effectiveness to determine CSR performance during or after the COVID-19 pandemic. This study provides international comprehensive evidence by investigating the board's effectiveness on CSR with the effects of cultural dimensions before and during the COVID-19 pandemic. Journal: Int. J. of Corporate Governance Pages: 273-306 Issue: 4 Volume: 14 Year: 2024 Keywords: effective boards; corporate social responsibility; CSR; cultural dimensions; COVID-19. File-URL: http://www.inderscience.com/link.php?id=142080 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:4:p:273-306 Template-Type: ReDIF-Article 1.0 Author-Name: Pooja Rani Author-X-Name-First: Pooja Author-X-Name-Last: Rani Author-Name: Rachna Agrawal Author-X-Name-First: Rachna Author-X-Name-Last: Agrawal Author-Name: Taufeeque Ahmad Siddiqui Author-X-Name-First: Taufeeque Ahmad Author-X-Name-Last: Siddiqui Title: An ARDL co-integration technique to examine the investment behaviour of institutional investors Abstract: The study examines the relationship between institutional investor trading behaviour and stock indices movement in India using daily trading data of institutional investors and the closing price of the Nifty index from 2000 to 2021. The study employs the autoregressive distributive lag model. It also compares the result with the quantile ARDL model and performs a residual diagnostic to conclude the results of the models. The empirical results suggest that Nifty significantly influences the investment behaviour of institutional investors. In the short run, they adopt momentum trading strategies (knee-jerk reaction to market information, buy-low sell-high) and in the long run, follow value trading strategies (investing in the stocks trading for less than their book value). But, the result of the quantile ARDL shows that institutional investors' trading behaviour is different at different quantiles, and the nature of the relationship is nonlinear. This study represents interesting findings that can be meaningfully contributed to the existing literature. It offers specific insights into the context of growth-oriented companies and new start-up organisations. Individual investors also benefited from this study as they are not certain to invest directly in the stock market. Journal: Int. J. of Corporate Governance Pages: 307-328 Issue: 4 Volume: 14 Year: 2024 Keywords: institutional investor; NIFTY index; momentum trading strategies; herding behaviour; value trading strategies; contrarian trader. File-URL: http://www.inderscience.com/link.php?id=142088 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:4:p:307-328 Template-Type: ReDIF-Article 1.0 Author-Name: Abdullah Al-Mamun Author-X-Name-First: Abdullah Author-X-Name-Last: Al-Mamun Author-Name: Qaiser Rafique Yasser Author-X-Name-First: Qaiser Rafique Author-X-Name-Last: Yasser Author-Name: Marcus Rodrigs Author-X-Name-First: Marcus Author-X-Name-Last: Rodrigs Author-Name: Muhammad Jahangir Ali Author-X-Name-First: Muhammad Jahangir Author-X-Name-Last: Ali Title: Directors' remuneration disclosure and remuneration committee: evidence from Australasia Abstract: We examine whether the directors' remuneration disclosure level varies in association with key corporate governance attributes. We propose the theoretical assumptions and empirical evidence on how remuneration committee presence, non-executive directors sitting on remuneration committees and foreign national subsidiaries can influence firm remuneration disclosure among selected Eastern emerging and developed economies given their differential characteristics. We collected data from 450 companies listed on the Australia Securities Exchange (ASX), Bursa Malaysia and Pakistan Stock Exchange (PSX) for the periods from 2014 to 2018. We find that the level of the remuneration disclosure index is significantly impacted by the presence of remuneration committees across firms and the proportion of non-executive directors sitting on the remuneration committee. Furthermore, foreign subsidiaries which experience increased agency problems due to spatial complexities and increased liabilities of foreignness do not have superior disclosure levels of director remuneration. Journal: Int. J. of Corporate Governance Pages: 329-356 Issue: 4 Volume: 14 Year: 2024 Keywords: disclosure; remuneration committee; corporate governance; foreign subsidiaries. File-URL: http://www.inderscience.com/link.php?id=142089 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:4:p:329-356 Template-Type: ReDIF-Article 1.0 Author-Name: Sneha Banerjee Author-X-Name-First: Sneha Author-X-Name-Last: Banerjee Author-Name: Sudeshna Saha Author-X-Name-First: Sudeshna Author-X-Name-Last: Saha Title: Corporate social responsibility: initiatives undertaken by companies concerning education during COVID-19 Abstract: A nation's progress depends upon a skilled workforce, which can be obtained when the present generation gets education and the proper guidance. A considerable part of the country is at a halt, leaving the poor without a way to earn a living, which directly hits children's education too. The situation is exacerbated by the fact that most youngsters cannot afford to pay for the new normal of online education, which is out of the grasp of the majority of people. Therefore, the paper aims to find out the different stakeholders' innovative ideas, i.e., companies, NGOs, and governments, as their CSR activity to cater to the students during the COVID-19 phase, when the schools were closed for several months. Another area highlighted in the paper is the problems faced by the students during COVID-19 phase. The funding of the CSR companies, particularly in education is highlighted too. Journal: Int. J. of Corporate Governance Pages: 229-246 Issue: 3 Volume: 14 Year: 2024 Keywords: corporate social responsibility; CSR; COVID-19; education; new-normal; beneficiaries; education in new normal; challenges; India. File-URL: http://www.inderscience.com/link.php?id=139798 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:3:p:229-246 Template-Type: ReDIF-Article 1.0 Author-Name: Richard Arhinful Author-X-Name-First: Richard Author-X-Name-Last: Arhinful Author-Name: Leviticus Mensah Author-X-Name-First: Leviticus Author-X-Name-Last: Mensah Author-Name: Halkawt Ismail Mohammed Amin Author-X-Name-First: Halkawt Ismail Mohammed Author-X-Name-Last: Amin Title: Does corporate governance influence corporate social responsibility in developing African countries? Evidence from manufacturing companies listed in Ghana and Nigeria's Stock Exchange Abstract: The principle of corporate governance mandates comprehensive disclosure of all corporate activities in annual reports and their presentation during shareholder meetings, a practice embraced by manufacturing companies in Nigeria and Ghana, showcasing their CSR endeavours in these reports. Employing purposive sampling, it selected 14 companies from the Ghanaian Stock Exchange and 17 from the Nigerian Stock Exchange between 2011 and 2020. Utilising random effect panel binary logistic regression and the generalised method of moments (GMM), the study scrutinised board characteristics' influence on CSR disclosures in both countries. Notably, non-executive directors and board busyness significantly bolstered CSR disclosures, whereas board size, CEO duality, and female representation showed positive but statistically insignificant effects. Significantly, the study's insights serve as a valuable directive to shareholders, board members, and company managers in both countries, advocating increased CSR disclosure due to its profound impact on brand image and corporate reputation. Journal: Int. J. of Corporate Governance Pages: 247-271 Issue: 3 Volume: 14 Year: 2024 Keywords: corporate governance; corporate social responsibility; CSR; generalised method of movements; GMM; heteroskedasticity; Ghana; Nigeria. File-URL: http://www.inderscience.com/link.php?id=139799 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:3:p:247-271 Template-Type: ReDIF-Article 1.0 Author-Name: Geeta Singh Author-X-Name-First: Geeta Author-X-Name-Last: Singh Author-Name: Rajesh Pathak Author-X-Name-First: Rajesh Author-X-Name-Last: Pathak Title: Does institutional investors' heterogeneity impact the dividend policy? Evidence from India Abstract: In this paper, we examine the impact of ownership level of different institutional investors on the dividend policy of the Indian firms, publicly traded on the National Stock Exchange of India from 2010 to 2019. We focus on the heterogeneous characteristics of various institutional investors and examine the way they impact the dividend policy of the firms. Further, we also examine how the affiliation to a group impacts the relationship between different shareholders and dividend payout and provide evidence for the moderation effect of group-affiliation status of firms such that the monitoring role of the institutional investors is subsided in the member firms of a group. We provide empirical justification for the association between different categories of institutional shareholders and dividend policy, while highlighting the role of group affiliation on the hypothesised relation. Journal: Int. J. of Corporate Governance Pages: 95-117 Issue: 2 Volume: 14 Year: 2024 Keywords: dividend; institutional investors; FII; bank; mutual fund; agency problem; information asymmetry; India. File-URL: http://www.inderscience.com/link.php?id=138075 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:2:p:95-117 Template-Type: ReDIF-Article 1.0 Author-Name: Rohit Kumar Singh Author-X-Name-First: Rohit Kumar Author-X-Name-Last: Singh Author-Name: Supran Kumar Sharma Author-X-Name-First: Supran Kumar Author-X-Name-Last: Sharma Author-Name: Jyoti Sharma Author-X-Name-First: Jyoti Author-X-Name-Last: Sharma Title: Investigating the nexus between composition of risk management committee and performance Abstract: The focus of the current study is to estimate the possible influence of the risk management committee (RMC) of Indian public sector banks on their performance measured through return on asset and return on equity along with a few board characteristics for a period of ten years covering 2009-2018. The present study performs the fixed effect regression estimation along with concerning the endogeneity issues in the model via vector autoregression estimations. The analysis reveals that the size of RMC is crucial in enhancing the performance of Indian banks; however, the meeting aspect needs to be reassessed as it shows a statistically significant and negative relationship with the performance of Indian banks. Consequently, policymakers can make the most of the study in terms of providing a better composition for RMC. Journal: Int. J. of Corporate Governance Pages: 148-168 Issue: 2 Volume: 14 Year: 2024 Keywords: corporate governance; Indian public banks; bank performance; risk management committee; RMC. File-URL: http://www.inderscience.com/link.php?id=138080 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:2:p:148-168 Template-Type: ReDIF-Article 1.0 Author-Name: Sankalp Purushottam Naik Author-X-Name-First: Sankalp Purushottam Author-X-Name-Last: Naik Author-Name: Riyanka Baral Author-X-Name-First: Riyanka Author-X-Name-Last: Baral Author-Name: A.V.S. Durgraprasad Author-X-Name-First: A.V.S. Author-X-Name-Last: Durgraprasad Author-Name: Ch. V.V.S.N.V. Prasad Author-X-Name-First: Ch. V.V.S.N.V. Author-X-Name-Last: Prasad Title: Corporate governance antecedents and value relevance of environmental, social, and governance disclosures: insights from Indian listed firms Abstract: The environmental, social, and governance (ESG) tag has gained currency amidst the increased fervour surrounding sustainability and climate change. Regulators have ardently backed ESG reporting, and company boards have optimistically obliged. Despite the enthusiasm and endorsement from stakeholders, the enigma around ESG determinants and value relevance persists. This paper aims to identify ESG antecedents among Indian-listed firms and assess ESG's role in value creation. The antecedents are chosen from corporate governance and corporate finance literature. Antecedents are also tested across individual ESG pillars, a rarity in ESG studies. Findings suggest that board gender diversity (BGD), board independence (BoardIND), firm size, and financial leverage enhance ESG reporting. BGD positively influences environmental and social disclosures, while BoardIND encourages governance-related disclosures. ESG disclosures have improved among Indian firms, but the results do not indicate any significant role for ESG disclosures in value creation. This is in sharp contradiction to the trends observed for developed economies. ESG embeddedness in India is still nascent and has a long way to go before it can align itself with investor expectations. Journal: Int. J. of Corporate Governance Pages: 169-188 Issue: 2 Volume: 14 Year: 2024 Keywords: corporate governance; firm value; environmental, social, and governance; ESG; board gender diversity; BGD; disclosure; board independence. File-URL: http://www.inderscience.com/link.php?id=138081 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:2:p:169-188 Template-Type: ReDIF-Article 1.0 Author-Name: Greg Shailer Author-X-Name-First: Greg Author-X-Name-Last: Shailer Author-Name: Shi Shu Author-X-Name-First: Shi Author-X-Name-Last: Shu Title: Sensitivity of executive remuneration to social and traditional media exposure in China Abstract: This study examines Chinese corporations' remuneration sensitivities to their social media and traditional media exposure. Distinguishing privately controlled, central government-controlled and local government-controlled corporations, we estimate relations between changes in relative social and traditional media exposure and subsequent changes in executive remuneration, which is a socially and politically sensitive issue in China. We find that privately controlled corporations appear more sensitive to the threat of public opinion implied by social media exposure, while central government-controlled corporations are more sensitive to traditional media exposure. The results are robust to alternative model specifications and different measures of key variables. Journal: Int. J. of Corporate Governance Pages: 118-147 Issue: 2 Volume: 14 Year: 2024 Keywords: social media; news media; traditional media; executive remuneration; corporate governance; corporate ownership; corporate control; corporate sensitivity; executive remuneration; China. File-URL: http://www.inderscience.com/link.php?id=138084 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:2:p:118-147 Template-Type: ReDIF-Article 1.0 Author-Name: Ranjan DasGupta Author-X-Name-First: Ranjan Author-X-Name-Last: DasGupta Title: Ownership concentration and corporate social performance - moderation impact of corporate governance in Indian firms Abstract: The primary objective of this study is to examine the impact of ownership concentration on Indian firms' corporate social performance (CSP). Furthermore, it evaluates the moderation impact of firms' overall internal governance quality and each corporate governance mechanism separately to attenuate or strengthen shareholding's direct and differential impact on CSP. The study's findings show that the negative impact of board size is overwhelming in attenuating the impact of ownership concentration on firms' CSP, however, board meetings always act positively in motivating firms to explore more CSP. On the contrary, women directors always undertake excessive monitoring, thereby, discouraging firms to undertake more CSP. The policymakers and regulators should enforce more stringent regulations to monitor the firm's intentions and implementation practices in CSP regards, especially in an emerging market context like India. Journal: Int. J. of Corporate Governance Pages: 24-46 Issue: 1 Volume: 14 Year: 2024 Keywords: ownership concentration; OC; corporate social performance; CSP; principal-principal conflicts; corporate governance mechanisms; Indian firms. File-URL: http://www.inderscience.com/link.php?id=136640 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:1:p:24-46 Template-Type: ReDIF-Article 1.0 Author-Name: Amarjit Gill Author-X-Name-First: Amarjit Author-X-Name-Last: Gill Author-Name: Harvinder S. Mand Author-X-Name-First: Harvinder S. Author-X-Name-Last: Mand Author-Name: Parminder S. Kang Author-X-Name-First: Parminder S. Author-X-Name-Last: Kang Author-Name: Gaganpreet Kaur Author-X-Name-First: Gaganpreet Author-X-Name-Last: Kaur Title: Impact of family board members and CEO's business education on the investment in information technology Abstract: The current study investigates the impact of family board members (<i>FBM</i>) and the CEO's business education (<i>CEO_BUSEDU</i>) on the investment in information technology (<i>INVEST_IT</i>) in family business enterprises (FBEs). This study considered using a survey research design to collect data from owners of FBEs in India. As robustness checks, this study utilised a two-stage least (2SLS) square model to reduce endogeneity problems. Empirical analysis shows that <i>FBM</i> and <i>CEO_BUSEDU</i> increase <i>INVEST_IT</i>, and financial support from foreign family members moderates the relationship between <i>FBM</i> and <i>INVEST_IT</i>. The empirical results contribute to the literature on the impact of <i> FBM and CEO_BUSEDU</i> on <i>INVEST_IT</i>. In addition, the results may help academia extend the studies on family board members, CEOs' business education, and <i>INVEST_IT</i> by collecting data from different countries. Furthermore, family business owners may find the results helpful in increasing <i>INVEST_IT</i>. Journal: Int. J. of Corporate Governance Pages: 47-64 Issue: 1 Volume: 14 Year: 2024 Keywords: family board members; FBM; CEO's business education; investment in information technology; India. File-URL: http://www.inderscience.com/link.php?id=136641 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:1:p:47-64 Template-Type: ReDIF-Article 1.0 Author-Name: Trinh Hiep Thien Author-X-Name-First: Trinh Hiep Author-X-Name-Last: Thien Author-Name: Nguyen Xuan Hung Author-X-Name-First: Nguyen Xuan Author-X-Name-Last: Hung Title: Income smoothing behaviour and investment efficiency: evidence from an emerging market Abstract: This study is conducted to investigate the relationship between income smoothing (ISM) behaviour and investment efficiency (IE) in the context of Vietnam. The research sample includes data from the financial statements of 596 non-financial listed firms for the period from 2010-2017. In this study, the panel fixed-effect regression method (FEM) is employed to measure the correlation and relationships of the variables in the research model. Besides, the generalised method of moments (GMM) method is also applied to control the endogeneity problem when examining the ISM-IE relationship. The results show that ISM has a negative relationship with IE, and this association seems to strengthen for the overinvestment companies. In contrast, an insignificant correlation is found for underinvestment ones. This study has important implications for investors, listed companies, and especially policymakers for judgement of the likelihood of opportunistic behaviour like ISM before making investment decisions. Finally, the research contributes to a literature review on IE and ISM behaviour in emerging markets that have not yet fully adopted IFRS. Journal: Int. J. of Corporate Governance Pages: 65-93 Issue: 1 Volume: 14 Year: 2024 Keywords: investment efficiency; income smoothing behaviour; emerging market; fixed-effect regression method; FEM; generalised method of moments; GMM. File-URL: http://www.inderscience.com/link.php?id=136642 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:1:p:65-93 Template-Type: ReDIF-Article 1.0 Author-Name: Tennecia Dacass Author-X-Name-First: Tennecia Author-X-Name-Last: Dacass Author-Name: Toni Sipic Author-X-Name-First: Toni Author-X-Name-Last: Sipic Author-Name: Thomas Tenerelli Author-X-Name-First: Thomas Author-X-Name-Last: Tenerelli Title: Examining the effect of female directors on US firm ESG performance Abstract: This study revisits the effects of gender and racial board diversity on firms' corporate social responsibility measured using environmental, social, and governance (ESG) scores. We contribute to the corporate governance literature by using a panel of director-level data to conduct our analysis and by accounting for endogeneity using an instrumental variables (2SLS) approach when assessing the link between female board members and ESG scores. We find that women serve on boards with higher ESG scores when compared with similar men. Meanwhile, board members who identify as racial minorities serve on boards with higher ESG scores than their white counterparts. Gender does not moderate the minority effect as we find no significant difference in scores reported between minority men and women. Journal: Int. J. of Corporate Governance Pages: 1-23 Issue: 1 Volume: 14 Year: 2024 Keywords: environmental, social and governance score; ESG score; female directors; corporate governance. File-URL: http://www.inderscience.com/link.php?id=136643 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:1:p:1-23 Template-Type: ReDIF-Article 1.0 Author-Name: Monika Dhochak Author-X-Name-First: Monika Author-X-Name-Last: Dhochak Author-Name: Abhishek Ranga Author-X-Name-First: Abhishek Author-X-Name-Last: Ranga Author-Name: Prince Doliya Author-X-Name-First: Prince Author-X-Name-Last: Doliya Title: Corporate governance and environmental social and governance disclosures: evidence from the Asia-Pacific countries Abstract: The objective of the study is to examine the impact of corporate governance parameters on the quality of environmental, social and governance (ESG) indicators for the Asia-Pacific countries. For this purpose, we have used the quality of ESG disclosures as dependent variable and board gender diversity, independent directors, CEO duality and board size as independent variables along with the firm-level and country-level control variables. The empirical analysis is based on the five-year panel data collected from the Refinitiv Eikon database for the Asia-pacific companies from the year 2016 to 2020. The findings of the study suggest that board gender diversity and independent directors have a positive and significant effect on the ESG disclosures, while the CEO duality has a significant and negative impact. The findings also suggest that independent and female board members bring transparency and instigate more social and environmental initiatives, which results in the transmission of the firm's positive image. Journal: Int. J. of Corporate Governance Pages: 189-211 Issue: 3 Volume: 14 Year: 2024 Keywords: ESG disclosures; corporate governance; board composition; board characteristics; Asia-pacific countries; environmental; social and governance. File-URL: http://www.inderscience.com/link.php?id=139765 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:3:p:189-211 Template-Type: ReDIF-Article 1.0 Author-Name: Prachi Gala Author-X-Name-First: Prachi Author-X-Name-Last: Gala Author-Name: Saim Kashmiri Author-X-Name-First: Saim Author-X-Name-Last: Kashmiri Author-Name: Cameron Nicol Author-X-Name-First: Cameron Author-X-Name-Last: Nicol Title: Effect of CEO-TMT pay ratio on the value of new product introductions Abstract: This study attempts to investigate the unexplored role played by a key corporate governance factor (CEO-TMT pay ratio) in explaining the variance in stock market response to new product introductions. Results of an event study support the authors' hypotheses that the stock market reacts less positively to announcements about new product introductions when the firms introducing these products have high CEO-TMT pay ratios. We also find that high advertising intensity and a history of many new product introductions tend to attenuate the negative impact of CEO-TMT pay ratio. A history of many corporate social concerns, however, tends to further strengthen this impact. These results have important implications for board members, investors, customers, compensation committee members, and scholars investigating the valuation of new product introductions. Journal: Int. J. of Corporate Governance Pages: 357-378 Issue: 4 Volume: 14 Year: 2024 Keywords: CEO-TMT pay ratio; compensation; new product introductions; event study; abnormal stock returns; advertising; corporate social concerns. File-URL: http://www.inderscience.com/link.php?id=142070 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:4:p:357-378 Template-Type: ReDIF-Article 1.0 Author-Name: Bhavna Mahadew Author-X-Name-First: Bhavna Author-X-Name-Last: Mahadew Title: Enshrining principles of corporate governance in the legislative framework on insurance in Mauritius: a critical assessment Abstract: The advent of the Insurance Act 2005 of Mauritius has no doubt revolutionised the insurance sector for the last 15 years. However, with the evolution of crimes especially cyber ones, there has been a pressing need for the legislative framework on insurance to be reviewed. With the recent scandals that the sector has known, it has been widely argued that they could have been avoided with the correct infusion and enshrinement of the principles corporate governance as provided for by the 2016 Code of Corporate Governance. This article assesses the legislative framework on insurance to find that some of the major components are already deeply engrained. This article finds that there are still some components of corporate governance which have not been crystallised in Mauritian law. It advocates and recommends for their implementation or enshrinement in law. Journal: Int. J. of Corporate Governance Pages: 212-228 Issue: 3 Volume: 14 Year: 2024 Keywords: Mauritius; insurance; corporate governance; Insurance Act 2005; 2016 Code of Corporate Governance Mauritius. File-URL: http://www.inderscience.com/link.php?id=139775 File-Format: text/html File-Restriction: Access to full text is restricted to subscribers. Handle: RePEc:ids:ijcgov:v:14:y:2024:i:3:p:212-228