The Balanced Scorecard as a tool for enhancing the concept of corporate governance – A case study of Ain El Kebira Cement Company
This study aims to highlight the role of the Balanced Scorecard in enhancing corporate governance, using Ain El Kebira Cement Company as a case study from 2017 to 2022. The study attempted to explore how the Balanced scorecard, as a strategic management tool, can contribute to monitoring and guid...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Editura ASE
2025-07-01
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| Series: | Revista de Management Comparat International |
| Subjects: | |
| Online Access: | https://www.rmci.ase.ro/no26vol3/02.pdf |
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| Summary: | This study aims to highlight the role of the Balanced Scorecard in enhancing
corporate governance, using Ain El Kebira Cement Company as a case study from
2017 to 2022. The study attempted to explore how the Balanced scorecard, as a
strategic management tool, can contribute to monitoring and guiding administrative
activities, thereby strengthening the principles of corporate governance by emphasizing
the periodic assessment of performance across five dimensions: financial, customer,
internal operations, learning and growth, and social and environmental .
The study concluded that Ain El Kebira Cement Company does not have a
formal corporate governance system. Instead, it implements governance practices
through its independent board of directors, the adoption of independent internal and
external audits, and the adoption of ISO systems (e.g., ISO 9001, ISO 14001, and ISO
45001). Furthermore, the study concluded that the adoption of the balanced scorecard
by the company’s administration enhances the principles of corporate governance by
establishing disclosure, transparency, and accountability, supporting the process of
making operational and strategic decisions, achieving a balance between the
objectives of stakeholders, and protecting the rights of shareholders . |
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| ISSN: | 1582-3458 2601-0968 |