THE ROLE OF CORPORATE GOVERNANCE AND DEMOCRACY IN ORGANIZATIONAL MANAGEMENT IN HIGHER EDUCATION INSTITUTIONS

Society in general plays a fundamental role in higher education institutions at a university level, by influencing the definition of policies and regulations of organizational management and decision-making within these institutions. Due to them being organizations, especially if they are accredited, it is relevant to examine this process within the institutional corporate governance, considering variables such as transparency standards, as well as participation processes that promote democratic exercise and how these variables can influence organizational management. Therefore, studies are required to analyze these relationships in depth. In this article, through structural equation modeling, the hypothesized relationship between some variables that potentially influence organizational management is schematized; thus, analyzing how government actions can facilitate or hinder the effective implementation of transparent and democratic practices in this key area. The findings suggest that corporate governance has a relevant role in ensuring the integrity and effectiveness of organizational management in higher education institutions, thus promoting transparency and democratic participation at the levels of administration.