Independent thesis Advanced level (degree of Master (Two Years)), 20 credits / 30 HE credits
Master thesis in business administration, School of business administration, Linnaeus University, accounting, 4FE03E, Spring 2011.
Authors: Linda Åslund and Shirin Yousef.
Supervisor: Professor Sven-Olof Yrjö Collin
Examiner: Christopher von Koch
Title: The Swedish code of good governance – Who finds it useful?
Background: Corporate governance has emerged to maintain the stockholders interests in corporations where the owners are separated from control in order to create confidence in the corporations. In 2005 the Swedish code of good governance emerged to prevent in part additional corporate scandals from happening and to make sure that the board is acting in the interest of the owners. The code is a complement to the Swedish Companies Act since it has a more strict demand in certain areas but it gives the companies a possibility to deviate by either complying or explaining their actions.
Purpose: The purpose with this thesis is to examine who finds the Swedish code of good governance useful.
Method: The research method of this survey is quantitative where the purpose is to investigate deviations in the companies’ corporate governance reports. The scientific approach is deductive where empirical data is generated from the theories. Secondary data is gathered from the companies’ corporate governance reports and annual reports.
Conclusions: Out of the different variables that we examined we find significant correlations between the boards ownership, Audit Bureau, female auditors, institutional and foreign owned corporations, the corporations profitability, type of business, stock-exchange lists and the number of deviations which the corporations does and on some of the recommendations in Swedish code of good governance. From these variables we make the conclusion on who finds the Code useful.
2011. , 147 p.