Advanced

Bolagsstyrning och politik i kommunala bostadsaktiebolag - Den politiskt tillsatta styrelsen

Bergkvist, John-Erik LU (2016) STVK02 20161
Department of Political Science
Abstract
This thesis examines the corporate governance in a municipality owned Public Housing Company with a special focus on the politically elected board of directors. This is a qualitative case study were I have examined a large public housing company in a big town in Sweden. The empirical material is primarily from interviews with board members, CEO and management, but also from a field observation were I visited the annual meeting of shareholders, the company’s highest decision-making body. My theoretical framework consists of classical corporate governance and public administration theory, which includes: principal-agent theory, managerial hegemony theory, stewardship theory and stakeholder theory. I found out that political parties are... (More)
This thesis examines the corporate governance in a municipality owned Public Housing Company with a special focus on the politically elected board of directors. This is a qualitative case study were I have examined a large public housing company in a big town in Sweden. The empirical material is primarily from interviews with board members, CEO and management, but also from a field observation were I visited the annual meeting of shareholders, the company’s highest decision-making body. My theoretical framework consists of classical corporate governance and public administration theory, which includes: principal-agent theory, managerial hegemony theory, stewardship theory and stakeholder theory. I found out that political parties are important stakeholders and that party politics takes place inside the boardroom. My empirical results confirm an existing information asymmetry between board and management. My result also shows that the board of directors have given the management more freedom of action and are passive themselves. And the board perceives a tendency of managerial hegemony. One board member perceives managerial hegemony as a positive thing. And I have identified several differences between the board members, were the right winged member has a totally different way of looking at the public company, his role and the company’s external relations. My general conclusion is that there is an ambiguity in expectations, roles and relations regarding public owned companies, which constitutes the board members opportunities and limitations to govern beyond the law. (Less)
Please use this url to cite or link to this publication:
author
Bergkvist, John-Erik LU
supervisor
organization
course
STVK02 20161
year
type
M2 - Bachelor Degree
subject
keywords
politiska styrelser, kommunala bostadsaktiebolag, ledningshegemoni, bolagsstyrning, intressent, principal-agent, stewards
language
Swedish
id
8873423
date added to LUP
2016-06-17 11:54:29
date last changed
2016-06-17 11:54:29
@misc{8873423,
  abstract     = {This thesis examines the corporate governance in a municipality owned Public Housing Company with a special focus on the politically elected board of directors. This is a qualitative case study were I have examined a large public housing company in a big town in Sweden. The empirical material is primarily from interviews with board members, CEO and management, but also from a field observation were I visited the annual meeting of shareholders, the company’s highest decision-making body. My theoretical framework consists of classical corporate governance and public administration theory, which includes: principal-agent theory, managerial hegemony theory, stewardship theory and stakeholder theory. I found out that political parties are important stakeholders and that party politics takes place inside the boardroom. My empirical results confirm an existing information asymmetry between board and management. My result also shows that the board of directors have given the management more freedom of action and are passive themselves. And the board perceives a tendency of managerial hegemony. One board member perceives managerial hegemony as a positive thing. And I have identified several differences between the board members, were the right winged member has a totally different way of looking at the public company, his role and the company’s external relations. My general conclusion is that there is an ambiguity in expectations, roles and relations regarding public owned companies, which constitutes the board members opportunities and limitations to govern beyond the law.},
  author       = {Bergkvist, John-Erik},
  keyword      = {politiska styrelser,kommunala bostadsaktiebolag,ledningshegemoni,bolagsstyrning,intressent,principal-agent,stewards},
  language     = {swe},
  note         = {Student Paper},
  title        = {Bolagsstyrning och politik i kommunala bostadsaktiebolag - Den politiskt tillsatta styrelsen},
  year         = {2016},
}