CORPORATE PRINCIPLES AND MANAGEMENT

Abstract

The purpose of this study is to investigate whether the corporate principles, which are adopted by businesses to ensure their sustainability successfully, affect management by discussing them in detail. Research on the importance of generally accepted “best practices” in corporate principles has failed to find convincing connections between these practices and organizational management. We discuss research outcomes on the relationship between some principles (fairness, accountability, responsibility, social awareness, independence, and discipline) and organizational management, and find this relationship to be significant.