Four Stances of Cartwright and Craig Corporate Governance Model

Question: Discuss about the Cartwright and Craig Stances. Answer: Four stances of Cartwright and Craig corporate governance model: Corporate governance can be defined as the structure of lawful, institutional and cultural factors shaping the patters of the influence that is exerted by the shareholders in the process of managerial decision making. According to Tricker and Tricker (2015) board of directors forms the basis of corporate communications. To reveal the mainstream of the current ethical stances of the corporate governance and relatedstrategic management are the major contributors to the international sustainable practices. In reference to the current scenario the instances proposed of ensuring timely and accurate disclosure made on the material matters regarding the corporation is applicable. The Cartwright and Craig stances include the monetary situation, performance, ownership and governance of the company to align with the sustainability. The designed methodology and approach forms the representative model of the business in reference to the current context in order to predict the results for the monetary wealth creation and environmental sustainability under the mainstream of the ethical stances for corporate governance. The analysis of the model states that, given the stances, improving the management practices and technical innovation is not likely to take business above the threshold of sustainability (Claessens and Yurtoglu 2013). This results in the adoption of the model that demonstrates the alternative path of attaining alignment ofgovernance and management within the planetary sustainability. The governance stances introduced by Cartwright and Craig ensures that shareholders will have the opportunity of addressing the violation of rights. Therefore, identifying the rights of the stakeholders and shareholders as created by law will encourage active co-operation between the corporations and the stakeholders in creation of financial sound enterprise. In reality the currently applicable stances of corporate governance will be slow with large amount of reactionary behaviour however the stances will be in favour of the social and environmental outcomes. References: Claessens, S. and Yurtoglu, B.B., 2013. Corporate governance in emerging markets: A survey.Emerging markets review,15, pp.1-33. Tricker, R.B. and Tricker, R.I., 2015.Corporate governance: Principles, policies, and practices. Oxford University Press, USA.