"This textbook provides an authoritative analysis of the codes and company laws regulating international corporate organizations. The book equips the reader with an understanding of corporate governance theory and investigates how the financial crisis continues to shape real-world policy and practice.
An authoritative analysis of corporate governance, outlining the origins of corporate regulation and evaluating its development following the global financial crisis.
Clear three part structure logically introduces the theories, policies, and practical applications of the subject.
Numerous international case studies illustrate corporate governance in real-world organizations, including News International and Olympus, Japan.
A dedicated chapter on 'Corporate governance around the world' provides a comparative perspective and evaluates the impact of culture on governance in regions such as North Africa, the Middle East, and Asia.
A range of learning features, including projects, exercises, and two-colour diagrams, support and develop the reader's understanding.
Self-test questions at the end of every chapter, combined with accompanying solutions at the end of the book, allow students to compare their answers to the solutions and check their progress throughout.
New to this edition:
Full coverage of new developments in the subject, including ethical culture, aggressive tax avoidance, attitudes to risk, executive remuneration, and whistle-blowing.
Comprehensively updated to address key changes in company law and new corporate regulation.
Provides a diverse range of new case studies, including examples from HBOS Bank, Goldman Sachs, and News International.
Includes additional coverage of global attitudes to the role of women on executive boards and ideas from around the world on the issue of quotas." - from publisher.
List of case studies --- Introduction --- What the book is about --- Who the book is --- The basis of the book --- How the book came to be written: a personal note for the author --- PART ONE. PRINCIPLES --- 1: Corporate governance: a subject whose time has come --- 2: Governance and management --- 3: Theories and philosophies of corporate governance --- 4: The governance partnership: investors, companies, and directors --- 5: The regulatory framework --- 6: Models of corporate governance --- PART TWO. POLICIES --- 7: Functions of the board --- 8: The governance of corporate risk --- 9: Corporate social responsibility and sustainability --- 10: The governance of listed companies --- 11: The governance of private companies and other corporate entities --- 12: Corporate governance around the world --- PART THREE. PRACTICES --- 13: Board membership: directors' appointment, roles, and remuneration --- 14: Board leadership: the reality of the boardroom --- 15: Board activities: corporate governance in practice --- 16: Board effectiveness: building better boards --- 17: Board evaluation: reviewing directors and boards --- 18: Corporate governance: the next thirty years --- APPENDICES --- Appendix 1. Corporate governance codes around the world --- Appendix 2. Answers to end of chapter self-test questions..
