Content area
Abstract
From exploration of current literature, an analysis of public sector corporate governance research findings in the area of organizational studies will be used to explore the premise that corporate governance utilizing the board of directors model is more successful when viewed as a framework for positive organizational management in the public sector. Examining aspects associated with this governance process is considered by many academics and organizational management practitioners to give a full account of the purpose, scope, and success of organizational effectiveness and efficiency. Processes that emerge from this research area will benefit the accepting organization with ways to view the best and most appropriate approach to their governance strategy.
Since the 1990s, the role of corporate governance has been discussed as a remedy for the lack of probity in public sector organizations. Corporate governance is based on the board of directors model—the model of governance currently utilized by most public sector organizations in the UK and the British Commonwealth—and reflects a successful private sector management style. Although some elements of corporate governance can be transferred to the public sector, this concept must be changed and modified if it is to be implemented into public sector organizations. Public sector corporate governance is distinguished from the private sector by its need for significant objective diversity and management constructs. Also, the lack of a significant body of research regarding public sector corporate governance makes it distinct from the private sector.
Keywords: Organizational management, governance processes, corporate governance, public sector, private sector.
