Editorial: New challenges and opportunities in corporate governance

Abstract

Corporate governance is “one of the most interesting, exciting and potentially dangerous disciplines” (Clarke, 2014) and, moving through different eras, new challenges are faced (Kostyuk et al., 2017) and new theoretical and methodological answers are necessary (Ananchotikul et al., 2009; Bebchuk et al., 2009; Boubaker et al., 2014; Kostyuk, 2003; Kostyuk et al., 2016; Kostyuk et al., 2014; Meier et al., 2013; Colbert et al., 2007; Dorata et al., 2008). Thus, in line with the aim of “Corporate Governance and Organizational Behavior Review”, it is important to deal with the governance issues not just in a strict approach of theories, instruments and policies, but also from the point of view of how shareholders, managers, employees, directors and other key stakeholders are engaged in the governance process and how their behavior influences the governance processes. The question arises if the actual boards are able to create a sustainable value for all actors involved and for society. This editorial seeks to highlight some of the challenges and opportunities within corporate governance research to further contribute to the development of effective corporate governance systems.