A comparative corporate governance mechanism

Abstract

This paper presents an analysis of the connection between management and governance. Management is a business function that has been entrusted with providing leadership support to organisations' resources to realise strategic goals and objectives. In contemporary management, however, another function of leadership has been realised which is governance. Experts have identified that while the two have distinctive responsibilities, collaboration can be effective in realising value for the stakeholders. The paper has examined governance and management from an explicit perspective and then identified the boundaries, connections, and issues between them. The study has found out that although the management and governance have differed in responsibilities to the organisation, they both are responsible for leadership. Notably, however, it has also been identified that since it is the role of the governing body to monitor and guide the management, management issues such as impression management arise. The paper has adopted the content analysis research design which involves studying literature and identifying patterns to draw a conclusion. Literature research related to the two key words; management and governance.