What is it about?
– The purpose of this paper is to examine whether the registered charities in New Zealand have adopted the principle‐based corporate governance practices similar to those adopted by the publicly‐listed companies and the effect corporate governance practices have on their financial performance measured by technical efficiency, allocative efficiency and financial efficiency.
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Why is it important?
Charities need to be and appear to be legitimate if they are to receive public support. Good governance supports legitimacy theory and an empirical estimation of performance sheds light on whether Boards of Charities take this seriously.
Perspectives
The more we probe the outcomes of governance the more we understand how we promote improvements which will better serve the wellbeing of stakeholders.
Professor Stuart Locke
University of Waikato
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This page is a summary of: Relevance of corporate governance practices in charitable organisations, International Journal of Managerial Finance, March 2013, Emerald,
DOI: 10.1108/17439131311307547.
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