INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
Abstract: Corporate governance in multinational enterprises (MNEs) presents a multifaceted challenge, demanding a nuanced approach to balance responsibilities across diverse stakeholders. This study endeavors to delve into this intricate landscape, aiming to comprehend how MNEs maneuver their commitments within the globalized milieu. Initially, the study underscores the pivotal role of corporate governance within MNEs, emphasizing its function in upholding ethical standards, transparency, and accountability. It recognizes the multitude of stakeholders involved, including shareholders, employees, communities, and environmental entities, each with distinct expectations. Subsequently, the study explores the hurdles encountered by MNEs in reconciling their obligations across varying legal frameworks and cultural landscapes. It advocates for the adoption of adaptable governance structures capable of accommodating diverse regulatory environments and stakeholder demands. Furthermore, the research investigates the growing landscape of corporate social responsibility (CSR) and ethical business practices, emphasizing the need of MNEs incorporating these principles into their strategic imperatives. It asserts that effective governance transcends mere compliance, urging proactive measures to address social and environmental concerns. Ultimately, the study underscores the imperative of achieving equilibrium between financial performance and broader societal responsibilities for MNEs. It calls for collaborative efforts and continued research to cultivate governance models conducive to sustainable development and stakeholder welfare in the global sphere. In conclusion, attaining effective corporate governance in multinational enterprises mandates a comprehensive approach prioritizing transparency, accountability, and the alignment of divergent stakeholder interests, ensuring enduring prosperity and societal well-being in an interconnected world.
"CORPORATE GOVERNANCE IN MULTINATIONAL ENTERPRISES: BALANCING RESPONSIBILITIES", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 3, page no.g501-g506, March-2024, Available :http://www.ijnrd.org/papers/IJNRD2403661.pdf
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2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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