International Journal of Multidisciplinary Research and Growth Evaluation  |  ISSN (Online): 2582-7138  |  Double-Blind Peer Review  |  Open Access  |  CC BY 4.0

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     2026:7/3

International Journal of Multidisciplinary Research and Growth Evaluation

ISSN (Online): 2582-7138 | Open Access

The evolution of corporate governance frameworks: Conceptual models for enhancing financial performance

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Volume: 2 | Issue: 6 | Pages: 420-427

Subject: Marketing

Country: Nigeria

DOI: https://doi.org/10.54660/IJMRGE.2021.2.1-589-596

License: CC BY 4.0

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Abstract

Corporate governance has evolved significantly over the past century, transitioning from traditional shareholder-centric models to contemporary frameworks that emphasize accountability, transparency, and stakeholder inclusivity. This paper explores the historical development of corporate governance, examining key regulatory reforms, governance structures, and their impact on financial performance. The analysis highlights how governance failures have contributed to financial crises, while robust governance frameworks have enhanced long-term corporate stability. Modern governance models integrate environmental, social, and governance (ESG) criteria, technological advancements, and strategic oversight mechanisms to optimize financial outcomes. Conceptual models such as the balanced scorecard, stakeholder governance frameworks, and performance dashboards demonstrate how governance structures can directly influence profitability and risk management. The paper concludes with recommendations for strengthening governance mechanisms, leveraging technology for governance optimization, and integrating sustainable business practices to ensure long-term financial resilience. The findings underscore the critical role of governance in fostering financial stability, investor confidence, and sustainable business success.

 

How to Cite This Article

Faith Ibukun Babalola, Eseoghene Kokogho, Princess Eloho Odio, Mary Oyenike Adeyanju, Zamathula Sikhakhane-Nwokediegwu (2021). The evolution of corporate governance frameworks: Conceptual models for enhancing financial performance . International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE), 2(6), 420-427. DOI: https://doi.org/10.54660/IJMRGE.2021.2.1-589-596

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Publication Information

Journal: International Journal of Multidisciplinary Research and Growth Evaluation (IJMRGE)

Publisher: Anfo Publication House

ISSN: 2582-7138 (Online)

Frequency: Bimonthly

Language: English

Open Access: Yes - This article is distributed under the terms of the Creative Commons Attribution 4.0 International License

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