|Title:||Corporate governance in alpine clubs in Europe|
|Authors :||Eller, Helene|
|Advisors / Reviewers :||Schmitz, Gereon|
|Publisher / Ed. Institution :||University of Latvia|
|Publisher / Ed. Institution:||Latvia|
|License (according to publishing contract) :||Licence according to publishing contract|
|Subject (DDC) :||361.763: Nonprofit organization|
|Abstract:||Management experience with non-profit organization has drawn attention to the governance of these organizations: The author of the dissertation is faced with the impact of the voluntary governance and the cooperation between the head office with its paid staff and the Voluntary Board. Especially the challenges on this type of governance drew the interest on a deep investigation on volunteers, their ability to govern an organization. Corporate governance as keyword has been a helpful frame. The corporate governance discussion started in the for-profit-area because of many worldwide crashes of corporations. The idea of good governance has been questioned. The belief in an appropriate behaviour of managers was damaged. Agency theory is used to explain the divergent behaviour of the shareholder as owner and the manger as agent. Both parties are utility maximizers. The assumption is that the agent will not act in the best interest of the principal. Stewardship theory as opposed theory assumes a goal alignment between both parties consequently the agent acts as steward of the organization’s mission. Latter theory is chosen as one adequate theoretical basis for non-profit organizations. Motivation of volunteers for example is better mirrored in this theory. Non-profit organizations are a complex field. These organizations have no owners but founders. It is the stakeholders that represent the missing owner. It is an important distinctive feature of non-profit organizations which has to be considered from the beginning in designing corporate governance of these organizations. The research field of this dissertation is narrowed to Alpine Club as case study to assure a deep and comprehensive investigation in corporate governance of this type of organizations in particular associations. Associations are the most important legal framework to build non-profit organizations in Europe. This legal framework is distinct as working with volunteers on all organizational levels and considering members as important stakeholder endowed with certain rights. The normative function of the governing bodies, of important stakeholders and theirs sustainability will be compared with the real function by doing an empirical research. The voluntary governance is extracted as an important governance challenge and its sustainability is tested empirically and as a result a new governance structure is suggested.|
|Departement:||School of Management and Law|
|Organisational Unit:||Institute for Financial Management (IFI)|
|Publication type:||Doctoral thesis|
|Appears in Collections:||Publikationen School of Management and Law|
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