Abstract
Building on corporate governance research and responsible leadership theory this paper examines, through a multiple case approach, three major cases of corporate failures in the emerging economies of Barbados, Jamaica, and Trinidad and Tobago, member states of the Caribbean Community trade bloc. The paper accordingly provides valuable insights into the dynamics of corporate governance in the Caribbean and proposes a responsible leadership approach as a framework to mitigating agency-problems and addressing the changing business contexts of the region. The paper suggests that researchers and practitioners need to develop a more holistic approach towards understanding corporate governance by going beyond traditional governance mechanisms and controls, and incorporating responsible leadership levels of analysis into the equation. It also establishes that regulators, boards, management, and auditors are critical to avoiding corporate failures and that good corporate governance is fundamental to the performance and sustainability of firms and economies as a whole.
Recommended Citation
Sookram, Ron
(2016)
"Corporate Governance in the Emerging Economics of the Caribbean: Peculiarities, Challenges, and a Future Pathway,"
The Journal of Values-Based Leadership: Vol. 9
:
Iss.
1
, Article 9.
Available at:
https://scholar.valpo.edu/jvbl/vol9/iss1/9
