In Search of a Program Logic for the Evaluation of Corporate Governance and Organisational Performance

AAS 5 Materiality standard, Australian Accounting Standard AAS 5.

AICD/KPMG 1998, Boardroom report: board performance evaluation, September 1998, Australian Institute of Company Directors, Sydney, viewed 14 October 1999, <http://www.companydirectors.com.au/boardroom/eval.html>.

Argyris C. 1999, On organisational learning, 2nd edn, Blackwell Business, Oxford.

Australia 2005, Corporations Amendment Regulations 2005 (No. 4), Federal Register of Legislative Instruments F2005L01926.

Barrett P. 1997, ‘Corporate governance and accountability for performance’, address to a joint seminar by IPAA and ASCPAs on ‘Governance and the role of the senior public executive’, Canberra, 27 August, <http://www.anoa.gov.au/speeches/27-08-97.doc>.

Bartos S. 2005, Boardrooms kept busy with Sarbanes–Oxley and Uhrig, viewed 28 January 2005, <http://www.cch.com.au/fe_news.asppdocument_id=57257&topic_code=1&category_code=0>.

Blair M. 1995, Ownership and control: rethinking corporate governance for the twenty-first century, Brookings Institute, Washington DC, <http://www.amazon.com/exec/obidos/ISBN=0815709471/corporategovernaA/102-9814017-6808933>.

Brown L.D. , & Caylor M.L. 2004, Corporate governance study: the correlation between corporate governance and company performance, ISS Institutional Shareholder Services, Maryland, USA, viewed 26 December 2005, <http://www.issproxy.com/study>.

Carver J. 1995, ‘Understanding the special board–ownership relationship: why a board's primary obligation is to its owners’, Board leadership: a bimonthly workshop with John Carver, number 18, March–April, pp. 2–3, 10-11, viewed 16 November 1999, <http://www.carvergovernance.com/tr.htm>.

Carver J. 1999, Policy Governance® defined, viewed 1 December 1999, <http://www.carvergovernance.com/model.htm>.

Churchman C.W. 1967, ‘Wicked problems’, Management Science, vol. 14, pp. 141–142.

CIPFA 2001, Corporate governance in local government: framework, The Chartered Institute of Public Finance and Accountancy and SOLACE, London, viewed 1 September 2001, <http://www.cipfa.org.uk>.

CLERP 1997a, Corporate law economic reform program: key features of the reform agenda, Department of the Treasury, AGPS, Ausinfo, Canberra, <http://www.treasury.gov.au/content/business_law.aspPContentID=321&titl=Business%20Law%20%26%20Regulation]>.

CLERP 1997b, CLERP paper no. 3: proposals for reform: directors' duties and corporate governance, Department of the Treasury, AGPS, Ausinfo, Canberra, <http://www.treasury.gov.au/content/business_law.asppContentID=321&titl=Business%20Law%20%26%20Regulation]>.

CLERP 2003, CLERP9: corporate disclosure—strengthening the financial reporting framework, Corporate Law Economic Reform Program, <http://www.treasury.gov.au/content/business_law.aspPContentID=321&titl=Business%20Law%20%26%20Regulation]>.

Conger J.A. , Finegold D. , & Lawler E.E. III 1998, ‘Appraising boardroom performance’, Harvard Business Review, vol. 76, no. 1, pp. 136–148.

Conklin E.J. , & Weil W. 1997, Wicked problems: naming the pain in organizations, Group Decision Support Systems, Inc., viewed 6 August 2005, <http://www.3mco.fi/meetingnetwork/readingroom/gdss_wicked.htmla>.

Courtney J.F. 2001, ‘Decision making and knowledge management in inquiring organizations: toward a new decision-making paradigm for DSS’, Decision Support Systems, vol. 31, pp. 17–38.

Crilley G. , & Sharp C.A. 2003, ‘Managerial qualities for the operational performance of Australian local government sports and leisure centres’, refereed paper in Stream E at the 17th ANZAM Conference, ‘Surfing the waves: management challenges, management solutions’, Freemantle, 2-5 December.

Cutting B. , & Kouzmin A. 2002, ‘Evaluating corporate board cultures and decision making’, Corporate Governance, vol. 2, no. 2, pp. 27–45.

Edwards M. , & Clough R. 2005, ‘Corporate governance and performance: an exploration of the connection in a public sector context’, Corporate governance in the public sector: an evaluation of its tensions, gaps and potential, ARC Project, issues series, paper no. 1, National Institute for Governance, University of Canberra, Canberra, January, viewed 2 February 2005, <http://www.blis.canberra.edu.au/corpgov%2Daps/pub/IssuesPaperNo.1.pdf>.

Edwards M. , Ayres R. , & Howard C. 2003, Public service leadership: emerging issues, National Institute for Governance and the Australian Public Service Commission, Canberra, pp. iv and 39.

Emery F.W. , & Trist E.L. 1965, ‘The causal texture of organisational environments’ Human Relations, vol. 18, pp. 21–32, reprinted in FE Emery, 1969a (ed.), Systems thinking: selected readings, vol. 1, Penguin, Harmondsworth, England. pp. 245-262.

Eppler M.J. 2005, ‘The concept of knowledge communication and its relevance to management’, USI research note, University of Lugano, Switzerland, viewed 17 October 2005, <http://www.knowledge-communication.org/Research%20Note%20on%20Knowledge%20Communication%20and%20Management%202.0.pdf>.

Fanto J. 2004, ‘Whistleblowing and the public director: countering corporate inner circles’, Oregon Law Review, vol. 83, pp. 435–540.

Farrar J.H. 2001, Corporate governance in Australia and New Zealand, Oxford University Press, Melbourne.

Farrar J.H. 2005, Corporate governance: theories, principles and practice, Oxford University Press, Melbourne.

Finkelstein S. , & Hambrick D.C. 1996, Strategic leadership: top executives and their effects on organizations, West Publishing Company, Minneapolis.

Garber N. 2002, ‘Making the best of self evaluation questionnaires’, Nonprofit Boards and Governance Review, 28 November, viewed 19 May 2004, <http://charitychannel.com/article_2616.shtml>.

Garratt B. 1987, The learning organization (2nd edn in 1994), Fontana/Collins, London.

Garratt B. 1996a, The fish rots from the head: the crisis in our boardrooms—developing the crucial skills of competent director, HarperCollins Business, London.

Garratt B. 1996b, ‘Qualities and competencies needed for the 21st century board of directors’, Managing into the 21st century conference, reproduced in LJ Mullins, 2002, Management and organisational behaviour (pp. 884–887), Pearson Education, Harlow, England.

Garratt B. 2002, ‘The future for boards—professionalisation or incarceration?’, unpublished paper, Imperial College, London University, London.

Gomez P-Y , & Korine H. 2005, ‘Democracy and the evolution of corporate governance’, Corporate Governance, vol. 13, no. 6, pp. 739–752.

Gompers P.A. , Ishii J.L. , & Metrick A. 2003, ‘Corporate governance and equity prices’, Quarterly Journal of Economics, vol. 118, no. 1, pp. 107–155.

Green J.C. , & Griesinger D.W. 1996, ‘Board performance and organization effectiveness in nonprofit social services organisations’, Nonprofit Management and Leadership, vol. 6, no. 4, pp. 381-402.

Heinlein R.A. 1974, Excerpts from the notebooks of Lazarus Long, Putnam & Co., New York.

Heracleous L. 2001, ‘What is the impact of corporate governance on organisational performance’, Corporate Governance: an International Review, vol. 9, no. 3, pp. 165–173.

Herman Robert D. , & Renz David O. 2000, ‘Board practices of especially effective and less effective local nonprofit organizations’, American Review of Public Administration, vol. 30, no. 2, pp. 146–160.

Herzlinger R.E. 1996, ‘Can public trust in nonprofits and governments be restored?’, Harvard Business Review, vol. 74, no. 2, March–April, pp. 97–107.

Hilmer F.G. 1993, Strictly boardroom: improving governance to enhance company performance, report of the Independent Working Party into Corporate Governance, Business Library, Melbourne, p. 111.

Holland T. , & Jackson D. 1998, ‘Strengthening board performance: finding lessons from demonstration projects’, Nonprofit Management & Leadership, vol. 9, no. 2, pp. 121–134.

IIA 1999, Standards for the professional practice of internal auditing, Institute of Internal Auditors Inc., Altamonte Springs, Florida, online for members, <http://www.theiia.org>.

IIA-Australia 1998, Australian control criteria: effective internal control to achieve business objectives within an acceptable degree of risk, exposure draft, March, Institute of Internal Auditors, Sydney, NSW.

Insider, The 2002, ’Wicked problems, some problems demand different methods’, Networking: business without boundaries, November, pp. 1–4, viewed 9 August 2005, <http://www.net-working.com>.

Joint Committee on Standards for Educational Evaluation 1994, The program evaluation standards: how to assess evaluation of educational programs, 2nd edn, Sage, Thousand Oaks, California.

Kang E. , & Zradkoohi A. 2005, ‘Board leadership structure and firm performance’, Corporate Governance, vol. 13, no. 6, pp. 78–799.

Keating E.K. , & Frumkin P. 2003, ‘Reengineering nonprofit financial accountability: toward a more reliable foundation for regulation’, Public Administration Review, vol. 63, no. 1, pp. 3–15.

Korac-Kakabadse N. , Kakabadse A.K. , & Kouzmin A. 2001, ‘Board governance and company performance: any correlations?’, Corporate Governance, vol. 1, no. 1, pp. 24–30.

Lake R.I.E. 2004, ‘Evaluation capacity building: one simple effective tool’, paper presented to the AES International Conference, Adelaide, 13-15 October.

Lake R.I.E. 2005a, ‘Models for board performance evaluations’, paper presented to the AES International Conference, Brisbane, 10-12 October.

Lake R.I.E. 2005b, ‘Black belt evaluators’, paper presented to the Australasian Evaluation Society International Conference, Brisbane, 10-12 October.

Law D. 2003, Corporate governance in the public sector: a case study, research project report, Master of Policy & Administration, Flinders Institute of Public Policy and Management, Adelaide.

Leblanc R. , & Gillies J. 2004, ‘Improving board decision-making: an inside view’, paper presented at the Company Directors Conference, ‘Alternatives Beyond Imagination’, Australian Institute of Company Directors, Port Douglas, Queensland, 5-7 May, 2004, viewed 16 June 2004, <http://svc150.bne117v.server-web.com/conference/downloads/R_Leblanc.doc>.

Love A. 1991, Internal evaluation: building organizations from within, Sage, Beverley Hills, California.

Matheson D. 2004, ‘Corporate governance: “another view” on the Securities Commission's governance principles’, New Zealand Management, New Zealand Institute of Management, Auckland, May, p. 70.

Mathiesen H. 2002, ‘Managerial ownership and financial performance’, PhD dissertation, series 18.2002, Copenhagen Business School, Denmark, viewed 26 December 2005, <http://www.encycogov.com/WhatIsGorpGov.asp>.

Mathiesen H. 2005, viewed 26 December 2005, <http://www.encycogov.com/b14References/ReferencesA.asp>.

Maw N.G. , Lane of Horsell, & Craig-Cooper M. 1994, Maw on corporate governance, Dartmouth Publishing Company, Hampshire, England.

McKinsey , 2002, ‘A premium for good governance’, McKinsey Quarterly, July, viewed 24 July 2002, <http://www.mckinseyquarterly.com>.

McNamara C. 1999a, Free complete toolkit for boards, Management Assistance Program & Authenticity Consulting, viewed 13 June 1999, <http://www.mapnp.org/library/boards/boards.htm>.

McNamara C. 1999b, ‘Board of directors self-evaluation’, Management Assistance Program & Authenticity Consulting, viewed 13 June 1999, <http://www.mapnp.org/library/boards/brd_eval.htm>.

McNamara C. 1999c, ‘Checklist to evaluate a nonprofit board of directors’, Management Assistance Program & Authenticity Consulting, with United Way of Minneapolis Area, viewed 13 June 2999, <http://www.mapnp.org/library/org_eval/uw_brd.htm>.

McRitchie J. 1999, viewed 26 December 2005, <http://corpgov.net/library/definitions.html>.

NSW Audit Office 1997, Performance audit report volume one: corporate governance in principle and volume two: corporate governance in practice, NSW Audit Office, Sydney, <http://www.audit.nsw.gov.au/crpg1-97>.

OECD 1999, Principles of corporate governance, viewed 26 December 2005, <http://www.ecgi.org/codes/code.php?code_id=89>.

OECD 2000, Recent public management initiatives in the United Kingdom, OECD, Paris, viewed 2 March 2001, <http://www.oecd.org/puma/country/uk.htm> and <http://www.oecd.org/puma/focus/compend/uk.htm>.

OECD 2004, ‘Principles of corporate governance’, viewed 26 December 2005, <www.oecd.org/dataoecd/32/18/31557724.pdf>.

Patton M.Q. 1997, Utilization-focused evaluation: the new century text, 3rd edn, Sage, Thousand Oaks, California.

PWC 2001, Transparent governance: a survey, Pricewaterhouse Coopers, London, viewed 23 April 2004, <http://www.pwcglobal.com/gx/eng/ins-sol/survey-rep/Gov_transparent_PWC.pdf>.

PWC 2003, CEO survey: 6th Annual Global CEO Survey: leadership, responsibility, and growth in uncertain times, Pricewaterhouse Coopers, London, in conjunction with the World Economic Forum, viewed 23 April 2004, <http://www.pwcglobal.com/gx/eng/ins-sol/survey-rep/ceo/PwC_Global_CEO_Survey.pdf>.

PWC 2004, 7th Annual Global CEO Survey: Managing risk—an assessment of CEO preparedness, Pricewaterhouse Coopers, London, viewed 23 April 2004, <http://www.pwcglobal.com/gx/eng/ins-sol/survey-rep/ceo/CEOSurvey04.pdf>.

Renz D. 2005, viewed 24 January 2006, <http://www.bloch.umkc.edu/mwcnl/research/comprehensive%20abstracts.htm>

Rhodes R.A.W. 2000, Understanding governance: policy networks, governance, reflexivity and accountability, Open University Press, Buckingham, England.

Rittel H.W.J. , & Webber M.M. 1974, ‘Dilemmas in a general theory of planning’, in Ackoff R.L. (ed.), Systems and Management Annual, Petrocelli, New York, pp. 219–233 (reprinted in FE Emery (ed.) (1981), Systems Thinking, vol. 2, Penguin Education, Harmondsworth, UK, pp. 81-102).

Sarre R. 2003, ‘Corporate governance in the wake of contemporary corporate collapses: some agenda items for evaluators’, Evaluation Journal of Australasia, vol. 3, no. 1, August, pp. 48–55.

Scheifer A. , & Vishny R. 1997, ‘A survey of corporate governance’, Journal of Finance, vol. LII, no. 2, pp. 737–783.

Scissons E.H. 2002, ‘All numbers are not created equal: measurement issues in assessing board governance’, Corporate Governance, vol. 2, no. 2, pp 20–26.

Scriven M. 2003, ‘The discipline of evaluation as the key to all applications’, keynote address to Australasian Evaluation Society International Conference, ‘Evaluation: who benefits?’, Auckland, 16-18 September.

Senge P. , Kleiner A. , Roberts C. , Ross R. , Roth G. , & Smith B. 1999, The dance of change: the challenges of sustaining momentum in learning organizations, Nicholas Brealey Publishing, London.

Sharp C.A. 1994, ‘What Is appropriate evaluation? Ethics and standards in evaluation’, Evaluation News & Comment, vol. 3, no. 2, pp. 34–41.

Sharp C.A. 1996a, ‘Are theories of organisational learning necessary? (in the public sector): surfacing dilemmas of an “international learning race” affecting public sector management’, in Aranjo L , Burgouyne J , & Easterby-Smith M (eds), Proceedings of the Symposium on Organisational Learning, Part 2 (Paper 33) Lancaster University, Lancaster, 1-3 September.

Sharp C.A. 1996b, ‘Evaluation of organisational learning in the public sector: an organisational culture consistency meter?’, in Aranjo L , Burgouyne J , & Easterby-Smith M (eds), Proceedings of the Symposium on Organisational Learning, Part 2 (Paper 34), Lancaster University, Lancaster, 1-3 September.

Sharp C.A. (1996c), ‘Can organisations learn while suffering corporate memory loss?’, in Aranjo L , Burgouyne J , & Easterby-Smith M (eds), Proceedings of the Symposium on Organisational Learning, Part 2 (Paper 35), Lancaster University, Lancaster, 1-3 September.

Sharp C.A. 1999, ‘Strategic evaluation: performance in the service of corporate governance’, Evaluation Journal of Australasia, vol. 11, no. 1, pp. 5–24.

Sharp C.A. 2001, ‘Appropriateness in organisational governance: scorecards for transparency of governance of not-for-profit organisations?’, draft working paper submitted to National Institute for Governance, University of Canberra, Canberra, <http://governance.canberra.edu.au>.

Sharp C.A. 2002, ‘Measuring organisational governance: through transparency to trust in governance of nonprofit organisations’, Public Interest (Queensland Branch of Institute of Public Administration of Australia), December, pp. 18–21.

Sharp C.A. 2003, ‘Can organisational governance learn? The development of ‘just’ D.E.S.E.R.T.s© in the form of the Director's Effectiveness Self-Evaluation Research Tool’, paper presented at Australasian Evaluation Society International Conference ‘Evaluation: Who Benefits?’, September 16-18 September, Auckland, <http://www.aes.asn.au/nzconf>.

Sharp C.A. 2005, ‘An organisational evaluation capability hierarchy model for self-diagnosis’, Evaluation Journal of Australasia, new series, vol. 4, nos. 1 & 2, pp. 27–33.

Sims M.A. , & Heazlewood T. 2003, ‘The past, present and future of corporate governance regulation in Australia’, 3rd International Accounting History Conference, Siena, 17-19 September, pp. ii and 34.

Standards Australia 1998, AS/NZS 3806, Compliance Programs, viewed 26 December 2005, <http://www.standards.com.au>.

Standards Australia 2003, AS8000 Good Governance Principles, viewed 26 December 2005, <http://www.standards.com.au>.

Standards Australia 2004, AS/NZS4360 Risk Management, viewed 26 December 2005, <http://www.standards.com.au>.

Tschernitz C. 2002, ‘Corporate collapses and corporate governance’, Tell Me Now Review, viewed 24 January 2006, <http://www.tellmenow.com.au/newsletter-0202.html>.

Uhrig J. 2003, Review of corporate governance of statutory authorities and office holders, Department of Finance, Canberra, pp. 133, <http://www.finance.gov.au/governancestructures/docs/The_Uhrig_Report_July_2003.pdf>.

Wagner J.A. , Stimpert J.L. , & Fubara E.I. 1998, ‘Board composition and organizational performance: Two studies of insider/outsider effects’, Journal of Management Studies, vol. 35, no. 5, pp. 655–677.

Walker L.W. 1999, ‘Governing board, know thyself: self-assessment is the basis for high performance’, Trustee, vol. 52, no. 8, September, pp. 14–19.

Wiener N. 1961, Cybernetics: or control and communication in the animal and the machine, 2nd edn, MIT Press, Cambridge, Massachusetts.

Wolfensohn J. 1999, Financial Times, 21 June.

Young B. 2003, ‘Corporate governance and firm performance: is there a relationship?’, Ivey Business Journal, reprint no. 9B03TE07, September–October, viewed 2 February 2005, <http://www.iveybusinessjournal.com/article.asp?intArticle_ID=444>.