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“New research reveals that corporate governance standards cannot be consistently applied to different structures; one size does not “fit all.” The research suggests that the appropriate style of corporate governance in any business is a strategic consideration directly influenced by its relative position in the corporate lifecycle.
Simply stated, different sets of governance practices are associated with distinct measures of business performance. Corporations need to actively consider their strategic priorities before adopting corporate governance reforms and corporate strategies that enhance both business performance and governance effectiveness.” - Corporate Governance Best Practices: One size does not fit all (published by ISS Canada in 2006, ICSA Canada in 2007, ICSA Australia in 2008, and The Institute of Certified Public Accountants of Singapore in 2010).
“ACG provides a diagnostic and design framework to account for the complexities of good corporate governance by considering requisite organization, requisite variety, and adaptive capacity parameters. This approach helps guide the evolution of corporate governance practices through the complexities of conflicting organizational, stakeholder, and societal objectives. ACG also provides critical conceptual tools that can empower designers to accept aspirational corporate governance challenges they may otherwise have avoided.” - Chapter 4: Corporate Governance Best Practices in Corporate Governance: A Synthesis of Theory, Research, and Practice, published by John Wiley & Sons, 2010. Read chapter and book reviews on Amazon.com.