Stewardship Concept and G20/OECD Principles of Corporate Governance 2023

Bistra Boeva

doi:10.37075/YB.2024.2.02

Authors

Prof. DSc in Economics Bistra Boeva Department of International Economic Relations and Business, Faculty of International Economics and Politics, UNWE Author

DOI:

https://doi.org/10.37075/YB.2024.2.02

Keywords:

Agency theory, Corporate governance, Stewardship concept, Codes, Sustainability

D24, G30, G34

Abstract

The paper examines the specific topic within corporate governance and capital markets-stewardship principle and stewardship concept. With regard to contemporary G20/OECD Principles of Corporate Governance (2023) the role of the steward and stewardship code are discussed from a theoretical point of view and the perspective of the practice. Observation of the Principles (2023) is followed by a comparative analysis of agency theory and stewardship theory. Implementation of the stewardship codes all over the world is analyzed. Latest developments with regard to the stewardship principles and stewardship codes in the EU are discussed.

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