Cited by 10Corporate Governance and Financial ManagementGovernance, Compliance, and SustainabilityCorporate Finance and Governance

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Advances in Corporate Governance and Performance Accountability in Global Energy Enterprises

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Agu, Michael Uzoma, Akomolafe, Olawole·2020·International Journal of Multidisciplinary Research and Growth Evaluation

Abstract

Global energy enterprises operate within increasingly complex governance environments shaped by rising climate risks, geopolitical uncertainty, digital transformation, and intensified stakeholder scrutiny. The expanding scope of global energy value chains encompassing hydrocarbons, electricity, renewables, and emerging clean-energy technologies has heightened expectations for transparency, ethical conduct, and rigorous performance accountability. Drawing on scholarship published up to 2019, this paper reviews advances in corporate governance structures, mechanisms of accountability, regulatory frameworks, and performance-monitoring systems applied across global energy enterprises, including state-owned utilities, multinational oil and gas firms, and vertically integrated renewable energy corporations. The review highlights improvements in board governance, audit oversight, risk-management practices, disclosure standards, ESG integration, and strategic alignment. It also identifies persistent gaps arising from political interference, weak regulatory enforcement, corruption exposure, cyber-security vulnerabilities, and operational complexities associated with global energy supply chains. The study contributes a structured synthesis of governance developments prior to 2020 and outlines implications for strengthening accountability and performance discipline in the global energy sector.

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Metadata

Authors
Agu, M. U., & Akomolafe, O.
Venue
International Journal of Multidisciplinary Research and Growth Evaluation
Published
2020
Volume
1
Issue
5
Pages
375-384
ISSN
2582-7138 (ISSN-L)
OpenAlex
W7109121632
Cited by
10
References
0
Citations by year
2026: 2 · 2025: 1 · 2023: 3 · 2022: 3 · 2021: 1
FWCI
1.74
Type
journal article
Language
en
Open access
Locations
International Journal of Multidisciplinary Research and Growth Evaluation (publishedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Corporate Governance and Financial Management
  • Social Sciences › Business, Management and Accounting › Strategy and Management › Governance, Compliance, and Sustainability
  • Social Sciences › Economics, Econometrics and Finance › Finance › Corporate Finance and Governance
Keywords
corporate governance, performance accountability, board governance, audit supervision, risk management, disclosure standards, ESG integration, state-owned utilities, oil and gas companies, energy supply chain, regulatory enforcement, corruption, cybersecurity, climate risk, stakeholder scrutiny

About these checks

Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.

Statistics and arithmetic are recomputed, not judged.

Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.

What counts as a claim ›How we measure confidence ›How we check this ›

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