Identification of implementation areas the Philanthropy Governance Structure and the Systematic Representation

The purpose of this study is framework of the philanthropy governance structure and the systematic representation of its functions in capital market companies. This study is considered exploratory in terms of methodology and analytically combined. Because of the lack of a coherent framework regarding the philanthropy governance structure, this study identified the themes of the study through interviews and coding through thematic analysis. Then, using the fuzzy Delphi analysis, the reliability of the identified dimensions was analyzed, and finally, in the quantitative part, systemic representation analysis was used to explain the themes of the organization identified in the context of the functions of capital market companies. In this study, according to the theoretical saturation point in thematic analysis, 12 accounting experts participated, and in the quantitative part, 24 members of the board of directors with more than three years of professional experience who had the necessary experience and specialized knowledge participated. The results of the study in the qualitative part during the 12 interviews conducted indicate the existence of 3 overarching themes, 6 organizing themes and 36 basic themes. On the other hand, the results of the system representation as quantitative part analysis showed, the structure of adhocracy in philanthropy governance is considered the most stimulating structural change of capital market companies to improve the level of legitimacy and social trust, which can lead to two consequences of sociocracy and meritocracy as the philanthropy governance structure.