Corporate governance:
Gespeichert in:
Hauptverfasser: | , |
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Format: | Buch |
Sprache: | English |
Veröffentlicht: |
Upper Saddle River, N.J.
Pearson/Prentice Hall
2007
|
Ausgabe: | 2. ed. |
Schlagworte: | |
Online-Zugang: | Table of contents Inhaltsverzeichnis |
Beschreibung: | XVII, 164 S. graph. Darst. |
ISBN: | 0131735349 |
Internformat
MARC
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264 | 1 | |a Upper Saddle River, N.J. |b Pearson/Prentice Hall |c 2007 | |
300 | |a XVII, 164 S. |b graph. Darst. | ||
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Datensatz im Suchindex
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adam_text | PREFACE vii
ACKNOWLEDGEMENTS viii
SOURCE ACKNOWLEDGEMENTS ix
LIST OF FIGURES XV
LIST OF TABLES xvi
LIST OF ABBREVIATIONS xvii
GLOSSARY XViii
1 Introduction 1
PART ONE Developments in Corporate Governance
2 Theoretical Aspects of Corporate Governance 11
Introduction 11
Theories associated with the development of corporate governance 12
Agency theory 12
Separation of ownership and control 13
Transaction cost economics 14
Stakeholder theory 16
Stewardship theory 16
The theories in context 17
Convergence 18
Conclusions 18
3 Development of Corporate Governance Codes 21
The growth in corporate governance codes 21
Corporate governance in the UK 22
Cadbury Report (1992) 29
OECD Principles of Corporate Governance (1999) as revised (2004) 31
World Bank 33
Global Corporate Governance Forum 33
International Corporate Governance Network 34
Commonwealth Association for Corporate Governance 34
EU Company Law Experts 35
Basle Committee 35
US corporate governance 36
Delaware corporate law 37
Employee Retirement Income Security Act 1974 37
Sarbanes-Oxley Act 2002 37
Commission on Public Trust and Private Enterprise 2003 39
Conclusions 42
PART TWO Owners and Stakeholders
4 Shareholders and Stakeholders 49
Shareholders and stakeholders 49
Stakeholder groups 50
Guidance on shareholders and stakeholders interests 53
Roles of shareholders and stakeholders 57
Conclusions 58
5 Family-owned Firms 65
Introduction 65
Ownership structures around the world 65
Family-owned firms and governance 67
Smaller quoted companies 69
Conclusions 71
6 The Role of Institutional Investors in Corporate Governance 80
Introduction 80
Growth of institutional share ownership 81
Influence of institutional investors 82
Institutional investors relationship with investee companies 86
Tools of corporate governance 86
Corporate governance and corporate performance 92
Conclusions 94
7 Socially Responsible Investment 101
Introduction 101
SRI and corporate governance 102
Strategies for SRI 103
Institutional investors policies 104
International guidance 106
CSR indices 107
Corporate social responsibility 108
The impact on shareholder value 109
Conclusions 110
PART THREE Directors and Board Structure
8 Directors and Board Structure 121
Introduction 121
Unitary board versus dual board 121
Combined Code 123
The board of directors 124
Role of the board 124
Role, duties, and responsibilities 125
Board sub-committees 128
Audit committee 128
Remuneration committee 129
Nomination committee 129
Risk committee 131
Non-executive directors 132
Independence of non-executive directors 132
Contribution of non-executive directors 134
Higgs Review 134
Director evaluation 134
Conclusions 136
9 Directors Performance and Remuneration 142
The directors remuneration debate 142
Key elements of directors remuneration 143
Role of the remuneration committee 144
Performance measures 145
Remuneration of non-executive directors 147
Disclosure of directors remuneration 147
International guidance on executive remuneration 148
Conclusions 149
PART FOUR International Corporate Governance
10 Corporate Governance in Continental Europe 159
Background 159
Germany 162
Denmark 167
France 172
Italy 176
Convergence or divergence 181
Conclusions 181
11 Corporate Governance in Central and Eastern Europe 188
Introduction 188
Privatization process and its implications 189
The Czech Republic 190
Poland 198
Russia 202
Hungary 207
Conclusions 212
12 Corporate Governance in the Asia-Pacific 219
Introduction 219
Japan 220
South Korea 225
Malaysia 228
China 231
Australia 236
Conclusions 241
13 Corporate Governance in South Africa, India, and Brazil 247
Introduction 247
South Africa 248
India 251
Brazil 254
Conclusions 259
14 Conclusions 266
FRC: THE COMBINED CODE ON CORPORATE GOVERNANCE (2006) 271
INDEX 311
|
adam_txt |
PREFACE vii
ACKNOWLEDGEMENTS viii
SOURCE ACKNOWLEDGEMENTS ix
LIST OF FIGURES XV
LIST OF TABLES xvi
LIST OF ABBREVIATIONS xvii
GLOSSARY XViii
1 Introduction 1
PART ONE Developments in Corporate Governance
2 Theoretical Aspects of Corporate Governance 11
Introduction 11
Theories associated with the development of corporate governance 12
Agency theory 12
Separation of ownership and control 13
Transaction cost economics 14
Stakeholder theory 16
Stewardship theory 16
The theories in context 17
Convergence 18
Conclusions 18
3 Development of Corporate Governance Codes 21
The growth in corporate governance codes 21
Corporate governance in the UK 22
Cadbury Report (1992) 29
OECD Principles of Corporate Governance (1999) as revised (2004) 31
World Bank 33
Global Corporate Governance Forum 33
International Corporate Governance Network 34
Commonwealth Association for Corporate Governance 34
EU Company Law Experts 35
Basle Committee 35
US corporate governance 36
Delaware corporate law 37
Employee Retirement Income Security Act 1974 37
Sarbanes-Oxley Act 2002 37
Commission on Public Trust and Private Enterprise 2003 39
Conclusions 42
PART TWO Owners and Stakeholders
4 Shareholders and Stakeholders 49
Shareholders and stakeholders 49
Stakeholder groups 50
Guidance on shareholders' and stakeholders' interests 53
Roles of shareholders and stakeholders 57
Conclusions 58
5 Family-owned Firms 65
Introduction 65
Ownership structures around the world 65
Family-owned firms and governance 67
Smaller quoted companies 69
Conclusions 71
6 The Role of Institutional Investors in Corporate Governance 80
Introduction 80
Growth of institutional share ownership 81
Influence of institutional investors 82
Institutional investors' relationship with investee companies 86
Tools of corporate governance 86
Corporate governance and corporate performance 92
Conclusions 94
7 Socially Responsible Investment 101
Introduction 101
SRI and corporate governance 102
Strategies for SRI 103
Institutional investors' policies 104
International guidance 106
CSR indices 107
Corporate social responsibility 108
The impact on shareholder value 109
Conclusions 110
PART THREE Directors and Board Structure
8 Directors and Board Structure 121
Introduction 121
Unitary board versus dual board 121
Combined Code 123
The board of directors 124
Role of the board 124
Role, duties, and responsibilities 125
Board sub-committees 128
Audit committee 128
Remuneration committee 129
Nomination committee 129
Risk committee 131
Non-executive directors 132
Independence of non-executive directors 132
Contribution of non-executive directors 134
Higgs Review 134
Director evaluation 134
Conclusions 136
9 Directors'Performance and Remuneration 142
The directors' remuneration debate 142
Key elements of directors' remuneration 143
Role of the remuneration committee 144
Performance measures 145
Remuneration of non-executive directors 147
Disclosure of directors' remuneration 147
International guidance on executive remuneration 148
Conclusions 149
PART FOUR International Corporate Governance
10 Corporate Governance in Continental Europe 159
Background 159
Germany 162
Denmark 167
France 172
Italy 176
Convergence or divergence 181
Conclusions 181
11 Corporate Governance in Central and Eastern Europe 188
Introduction 188
Privatization process and its implications 189
The Czech Republic 190
Poland 198
Russia 202
Hungary 207
Conclusions 212
12 Corporate Governance in the Asia-Pacific 219
Introduction 219
Japan 220
South Korea 225
Malaysia 228
China 231
Australia 236
Conclusions 241
13 Corporate Governance in South Africa, India, and Brazil 247
Introduction 247
South Africa 248
India 251
Brazil 254
Conclusions 259
14 Conclusions 266
FRC: THE COMBINED CODE ON CORPORATE GOVERNANCE (2006) 271
INDEX 311 |
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spelling | Kim, Kenneth A. Verfasser aut Corporate governance Kenneth A. Kim ; John R. Nofsinger 2. ed. Upper Saddle River, N.J. Pearson/Prentice Hall 2007 XVII, 164 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Corporate governance United States Corporate Governance (DE-588)4419850-4 gnd rswk-swf USA Corporate Governance (DE-588)4419850-4 s 1\p DE-604 Nofsinger, John R. Verfasser aut http://www.loc.gov/catdir/toc/ecip067/2006003612.html Table of contents HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014907622&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis 1\p cgwrk 20201028 DE-101 https://d-nb.info/provenance/plan#cgwrk |
spellingShingle | Kim, Kenneth A. Nofsinger, John R. Corporate governance Corporate governance United States Corporate Governance (DE-588)4419850-4 gnd |
subject_GND | (DE-588)4419850-4 |
title | Corporate governance |
title_auth | Corporate governance |
title_exact_search | Corporate governance |
title_exact_search_txtP | Corporate governance |
title_full | Corporate governance Kenneth A. Kim ; John R. Nofsinger |
title_fullStr | Corporate governance Kenneth A. Kim ; John R. Nofsinger |
title_full_unstemmed | Corporate governance Kenneth A. Kim ; John R. Nofsinger |
title_short | Corporate governance |
title_sort | corporate governance |
topic | Corporate governance United States Corporate Governance (DE-588)4419850-4 gnd |
topic_facet | Corporate governance United States Corporate Governance USA |
url | http://www.loc.gov/catdir/toc/ecip067/2006003612.html http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=014907622&sequence=000004&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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