EXPLORING STEWARDSHIP THEORY: MANAGERS AS STEWARDS FOR EXEMPLARY CORPORATE GOVERNANCE.

  • Published In: VIDHIGYA: The Journal of Legal Awareness, 2024, v. 19, n. 1. P. 120 1 of 3

  • Database: Academic Search Ultimate 2 of 3

  • Authored By: Saxena, Shubhi; Singh, Pooja; Bajaj, Karan 3 of 3

Abstract

A typical individual often invests one part of their income in any investment plan; we cannot expect such a person to be very sound about every aspect of such an investment plan. That's why people used to invest in this speculative form of business with the help of experts, resulting in theory-like stewardship coming into the picture. Under the stewardship theory, managers are considered stewards, which means they are responsible for protecting and acting in the best interest of shareholders. This stewardship theory focuses on the healthy working relationship between managers and Shareholders; this article argues that the stewardship behaviour of managers results in exemplary corporate governance practices when the espoused values of the firm are aligned with the enacted values. [ABSTRACT FROM AUTHOR]

Additional Information

  • Source:VIDHIGYA: The Journal of Legal Awareness. 2024/01, Vol. 19, Issue 1, p120
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2024
  • ISSN:0973-3825
  • DOI:10.5958/0974-4533.2024.00013.6
  • Accession Number:186692699
  • Copyright Statement:Copyright of VIDHIGYA: The Journal of Legal Awareness is the property of INMANTEC: Integrated Academy of Management & Technology and its content may not be copied or emailed to multiple sites without the copyright holder's express written permission. Additionally, content may not be used with any artificial intelligence tools or machine learning technologies. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

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