In search of effective corporate governance: an explorative research within the context of semi public housing management in the Netherlands

In this paper the authors elaborate, supported by literature on trust, a framework for corporate governance that might overcome lacunas in the classical frameworks of the principal agency theory and the stewardship theory. A historical analysis of the development of corporate governance in the conext of the Dutch semipublic housing management shows that a mixture of principal agency and stewardship approach of semipublic managers proves to be contradictory and toxic. A discourse analysis and factor analysis report on the search of actors for a more effective corporate governance.