Corporate Governance Practices Enhance The Firm Intellectual Capital Performance: A Conceptual Review

Abstract

In the meantime, of global crises numerous scholars have studied that many corporate accounting scandals had happened in the past like Lehman Brothers 2008, Satyam 2009, Adani group 2023. Due to this, there is a need to examine good corporate governance practices. Corporate governance substantially effects firm financial performance and this relationship is set up via quantity of research performed in this field. Also, there are research which exhibits the relationship between corporate governance and intellectual capital performance. Although, intellectual capital positively affects firm financial performance as proven in the preceding studies. For measuring CG, variables like  BOD, CEO Duality, Independent director, non-executive director, woman's director, director remuneration, audit committee chairman, number of audit committee meetings, audit committee members and measuring IC by VAIC, HCE, SCE, CEE. Our study hypothesized that corporate governance practices enhance the firm’s intellectual capital performance. A single conceptual model of corporate governance and firm intellectual capital performance is proposed to study this relationship.