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Keywords = paradigm of good corporate governance with inclusion of business morality framework

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33 pages, 1618 KiB  
Article
Current Challenges of Good Corporate Governance in NGOs: Case of Slovenia
by Dejan Jelovac
World 2025, 6(1), 28; https://doi.org/10.3390/world6010028 - 17 Feb 2025
Viewed by 1563
Abstract
Organizations in the Third Sector operating in still non-Western contexts need to have enhanced governance models that match the need to ensure ethical and efficient commercial operations within their mission. The key research question of the present article is how the implementation of [...] Read more.
Organizations in the Third Sector operating in still non-Western contexts need to have enhanced governance models that match the need to ensure ethical and efficient commercial operations within their mission. The key research question of the present article is how the implementation of good corporate governance (GCG) in Slovenian NGOs will contribute to strengthening their legitimacy, stakeholder trust, and effectiveness in achieving social goals. This article develops a conceptual model that should include all key variables, mediators, moderators, and latent constructs in itself, serving as a theoretical basis for future empirical studies and best practices. The main finding is that GCG should be organized as a single-track administrative body of public institutes in the future. Better single-track GCG regulations, which would presuppose the amendment of legislation, can be created and executed in practice only by working together with the public, regulatory agencies, academic community, NGOs, and prominent intellectuals. Full article
(This article belongs to the Special Issue Corporate Governance, Social Responsibility and Performance)
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