المستخلص: |
Corporate governance has generated a lot of interest in recent times in countries around the world. The recent spectacular corporate failures, such as those of Enron and World Com in the USA and Parmalat in Italy, have made it a central issue, with various governments and regulatory authorities making efforts to install stringent governance regimes to ensure the smooth running of corporate organizations, and prevent such failures. This paper details the current corporate governance system in Oman. A corporate governance system is defined as a more-or-less country-specific framework of legal, institutional and cultural factors shaping the patterns of influence that shareholders (or stakeholders) exert on managerial decision-making. Corporate governance mechanisms are the methods employed, at the firm level, to solve corporate governance problems.
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