Internal governance: the neglected pillar of good governance
by Lutgart A.A. Van den Berghe
International Journal of Business Governance and Ethics (IJBGE), Vol. 4, No. 4, 2009

Abstract: The aim of this contribution is to provide a better insight into what internal governance (IG) is all about and why IG is so essential for reaching the goal of good governance. This article focuses primarily on the relevance of governance within groups of companies – referred to as 'intra-group' governance – and tackles this topic from a legal as well as from an economic perspective. The legal analysis highlights the lack of a comprehensive framework in group law both on a European and Belgian level. The economic analysis tackles some false business arguments in order to provide a rationale for installing boards of directors on subsidiary level (the so-called 'subsidiary governance') and their potential of being supportive to existing corporate governance mechanisms.

Online publication date: Wed, 11-Mar-2009

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Business Governance and Ethics (IJBGE):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com