— Globalization is a leading concept which has become the main factor in business life during the last few decades. This phenomenon affects the economy, business life, society and environment in different ways, and almost all corporations have been affected by these changes. We can see these changes mostly related with increasing competition and the rapid changing of technology and information transfer. This issue makes corporations more profit oriented than a long term and sustainable company. However, corporations are a vital part of society which needs to be organised properly. Therefore we need some social norms, rules and principles in society and business life; this is the role of governance.
— About competition, corporative governance, business, globalization.
Alseddig Ahmed Almadani is with the Department of Accountancy, School of Business Studies, Megatrend University, Belgrade, Serbia (e-mail: firstname.lastname@example.org).
Cite: Alseddig Ahmed Almadani, " Globalization and Corporate Governance," International Journal of Innovation, Management and Technology vol. 5, no. 5, pp. 394-400, 2014.