Please use this identifier to cite or link to this item: https://www.um.edu.mt/library/oar/handle/123456789/24149
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dc.contributor.authorBaldacchino, Peter J.
dc.contributor.authorCamilleri, Chantelle
dc.contributor.authorGrima, Simon
dc.contributor.authorBezzina, Frank
dc.date.accessioned2017-11-23T13:01:27Z
dc.date.available2017-11-23T13:01:27Z
dc.date.issued2017
dc.identifier.citationBaldacchino, P. J., Camilleri, C., Grima, S., &. Bezzina, F. H. (2017). Assessing incentive and monitoring schemes in the corporate governance of Maltese co-operatives. European Research Studies Journal, 20(3A), 177-195.en_GB
dc.identifier.urihttps://www.um.edu.mt/library/oar//handle/123456789/24149
dc.description.abstractThe objectives of this study were to ascertain and assess the major incentive and monitoring schemes currently being applied in Maltese co-operatives as well as those types of schemes that may be applicable. Semi-structured interviews were conducted with ten committees of management members, ten professional managers and seven co-operative consultants.The study reveals a lack of application of both incentive and monitoring schemes in these entities. An over-emphasis on cost effectiveness is resulting not only in the current little application of such schemes, but also in obstacles towards the application of new ones in the future. Furthermore, any application of monitoring schemes in particular is perceived as having negative implications on the level of trust between the monitor and the monitored.Additionally, few incentives are being applied to promote co-operative principles despite the declared management willingness to do so. The study points out that a number of lacunas need to be overcome for the realization of both types of schemes. Co-operative managers need to become more aware of the objectives of their co-operative and also more determined towards promoting the co-operative principles.The paper also concludes that no trust implications need to arise in the implementation of any type of scheme as long these are well designed, explained and implemented. One recommended way towards promoting monitoring schemes is the introduction of an updated Co-operative Societies Act including new obligations on the internal control environment.en_GB
dc.language.isoenen_GB
dc.publisherInternational Strategic Management Associationen_GB
dc.rightsinfo:eu-repo/semantics/restrictedAccessen_GB
dc.subjectCooperative societiesen_GB
dc.subjectCorporate governanceen_GB
dc.subjectIncentives in industryen_GB
dc.titleAssessing incentive and monitoring schemes in the corporate governance of Maltese co-operativesen_GB
dc.typearticleen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.description.reviewedpeer-revieweden_GB
dc.publication.titleEuropean Research Studies Journalen_GB
Appears in Collections:European Research Studies Journal, Volume 20, Issue 3, Part A
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