Corporate Governance and Cultural Pluralism

The main objective of this paper is to examine the obstacles to the content development of corporate governance system in Iran from the perspective of cultural pluralism theory. Cultural pluralism emphasizes the ability of groups to compete and the participation of various minorities in the decision-making process related to the economic and political system Introducing the concept of cultural pluralism and its association with the corporate system, this study explores the obstacles facing cultural pluralism and accordingly does a pathological analysis of the factors underlying the underdevelopment of the corporate governance system. The results of the study show that political development, the content separation of ownership from management, the resolution of legal problems, the elimination of state corporatism, and the development of the culture of accountability can lead to the development of the corporate governance system. According to the results of this paper, the development of cultural pluralism in the Iranian economic system is considered an important factor in the development of corporate governance.