Corporate governance applicability and theories within not-for-profit sport management

Abstract

This paper examines the role of corporate governance in non-profit sport organizations. Governance within the traditional business environment is a crucial issue for the ultimate success or failures of an entity. This study analyses if the structures and systems of governance within traditional business can be transferred to a sport organization. The various governance theories are examined to assess their applicability within a sport organization and the role of the board is also analyzed within the study. Finally, this paper examines areas of conflict which may arise relating to governance and concludes by offering a best practice approach to this integral issue within any modern sport organization.