Corporate governance: principles and issues
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Los Angeles, Ca.[u.a.]
SAGE
2011
|
| Ausgabe: | 1. publ. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XVI, 268 S. graph. Darst. 25 cm |
| ISBN: | 9781847873330 9781847873323 |
Internformat
MARC
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| 003 | DE-604 | ||
| 005 | 20121220 | ||
| 007 | t | ||
| 008 | 110317s2011 d||| |||| 00||| eng d | ||
| 020 | |a 9781847873330 |9 978-1-84787-333-0 | ||
| 020 | |a 9781847873323 |9 978-1-84787-332-3 | ||
| 035 | |a (OCoLC)700326499 | ||
| 035 | |a (DE-599)BSZ332449270 | ||
| 040 | |a DE-604 |b ger | ||
| 041 | 0 | |a eng | |
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| 100 | 1 | |a Nordberg, Donald |e Verfasser |4 aut | |
| 245 | 1 | 0 | |a Corporate governance |b principles and issues |c Donald Nordberg |
| 250 | |a 1. publ. | ||
| 264 | 1 | |a Los Angeles, Ca.[u.a.] |b SAGE |c 2011 | |
| 300 | |a XVI, 268 S. |b graph. Darst. |c 25 cm | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 0 | 7 | |a Corporate Governance |0 (DE-588)4419850-4 |2 gnd |9 rswk-swf |
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| 689 | 0 | |5 DE-604 | |
| 856 | 4 | 2 | |m Digitalisierung UB Bamberg |q application/pdf |u http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021199522&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |3 Inhaltsverzeichnis |
| 999 | |a oai:aleph.bib-bvb.de:BVB01-021199522 | ||
Datensatz im Suchindex
| _version_ | 1804143919229829120 |
|---|---|
| adam_text | Contents
List of case studies
xi
Agenda point boxes
xiii
Preface
xiv
1
Introducing corporate governance
1
What is corporate governance?
4
How this book is organized
8
Principles of corporate governance
8
Issues on the board s agenda
9
Reporting, rebalancing and the future
9
Further readings
10
2
The problems of corporate governance
11
Corporate malfeasance
13
A brief history of the corporation
15
Value destruction
16
Corporate misalignments
17
Executive pay
17
Self-dealing
19
Corporate control
20
Corporate contributions
23
Corporate purpose in question
23
Notes
Further readings
24
Part
1
Principles of corporate governance
25
3
Theories of corporate governance
27
Agency theory and shareholder value
29
Agency costs
30
Voice as a mechanism of control
31
Exit as a mechanism of control
36
Implications of agency theory for corporate governance
37
Resources and the board
38
Stakeholder theory
41
A weak approach to stakeholder theory
42
The strong form of stakeholder theory
43
Implications of stakeholder theory for corporate governance
43
Stewardship of the board
45
Tensions in approach to corporate governance
47
Note
48
Further readings
49
4
Mechanisms of corporate governance
50
How corporate governance works
52
Markets
52
Law and regulation
53
Gatekeepers and watchdogs
56
Auditors
56
Lawyers
60
Credit rating agencies
60
Securities analysts
62
Governance rating firms
63
Headhunters
64
The media
65
Industry standards and self-regulation
65
The gap and the role of the board
66
Further readings
67
5
Corporate governance in a global economy
69
Corporate governance in different settings
71
Japan
72
Germany
74
United States
76
United Kingdom
79
Governance in other European countries
82
Concentrated ownership and control
82
Dual board structures
82
Pyramid ownership and control
83
Dual-class shares
83
The European Union and corporate governance
84
Corporate governance in emerging capital markets
85
Brazil and Latin America
86
Russia and the former Communist states
87
vi
Contents
India
88
China
89
Effectiveness, globalization and convergence
90
Further readings
92
6
Codes of corporate governance
93
Codes of corporate governance
95
UK governance after Cadbury
95
The codes, combined
98
The Higgs Review and the Combined Code, revisited
99
Beyond Higgs
101
Governance codes in Europe
101
France
102
Germany
103
Sweden
103
Belgium
104
Corporate governance in the United States
104
Emerging economies and codes of corporate governance
108
OECD
109
World Bank and IFC
109
Other advocates
110
Convergence in corporate governance codes
110
Notes
113
Further readings
113
Part
2
Issues on the board s agenda
115
7
Issues within the board
117
Board structure and processes
120
Monitoring and control
121
Resource provision
125
Board roles and responsibilities
125
Further readings
129
8
Issues between boards and management
131
The agency problem in action
134
Executive pay
134
Paying too much
135
Paying too little
137
How to pay
138
Self-interest beyond pay
140
Stewardship and self-actualization
140
Self-serving executives, related party transactions
141
Contents I
vii
Limits
to board control of management
143
Further readings
143
9
Issues between boards and owners
145
Shareholder value
148
Rise of institutional investment
149
Shareholder activism
151
Shareholder rights and issues
152
One share, one vote
154
Director nominations
154
Staggered boards
-
continuity or control?
155
Say on pay
156
Poison pills and anti-takeover devices
157
Whose value?
159
Note
160
Further readings
160
10
Issues between owners
162
Shareholder activism as politics
165
Value chain for shareholders
165
Dimensions of shareholder interests
167
Stock lending, short-selling
168
Issues with major shareholders
171
Power balances in corporate governance
173
Further readings
175
11
Issues between the company and its publics
177
Responsibilities of the corporation
181
Corporate social responsibility
182
Licence to operate
182
Stakeholder rights
183
CSR as politics
184
CSR as opportunity
185
Sustainability
185
Triple bottom line
187
SRI funds
188
Divided duties?
189
Further readings
190
vili
Corporate governance
Part
3
Reporting, rebalancing and the future
191
12
Transparency
-
the universal antiseptic
193
Disclosure
-
good for markets
196
Financial reporting
198
How financial disclosure works
199
Convergence in accounting standards
199
Problems with financial reporting
200
Operational reporting
201
Reporting on intangibles
202
Governance reporting
203
Social and environmental reporting
203
Risk reporting
204
Issues in disclosure
205
Investment briefings
205
Fair value
206
Impact of transparency
207
Further readings
209
13
Governance beyond corporations
210
What makes a corporation different
216
Private companies
216
Partnerships
217
Non-profit organizations
218
Mutual associations
219
Charities
220
Public sector
221
Agents or stewards?
222
Further readings
223
14
An unsettled and unsettling future?
225
A balancing act?
228
Tradeoffs?
229
An unbalanced agenda?
230
An unsettled future?
234
Convergence or persistence?
234
A return to state capitalism?
237
Alternatives?
238
Remedies through the layers of governance?
238
Law and regulation?
238
Relations within the board?
240
Relations between boards and management?
240
Contents I
ix
Relations
between boards and owners?
241
Relations between owners?
242
Relations between corporations and their publics?
243
Gatekeepers and watchdogs?
243
Specific remedies?
244
Industry models?
244
Life-cycle governance?
245
Governance for the business?
245
References
247
Index
262
Corporate governance
|
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| id | DE-604.BV037286856 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T22:55:18Z |
| institution | BVB |
| isbn | 9781847873330 9781847873323 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-021199522 |
| oclc_num | 700326499 |
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| owner_facet | DE-Aug4 DE-19 DE-BY-UBM DE-M382 DE-473 DE-BY-UBG DE-11 |
| physical | XVI, 268 S. graph. Darst. 25 cm |
| publishDate | 2011 |
| publishDateSearch | 2011 |
| publishDateSort | 2011 |
| publisher | SAGE |
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| spelling | Nordberg, Donald Verfasser aut Corporate governance principles and issues Donald Nordberg 1. publ. Los Angeles, Ca.[u.a.] SAGE 2011 XVI, 268 S. graph. Darst. 25 cm txt rdacontent n rdamedia nc rdacarrier Corporate Governance (DE-588)4419850-4 gnd rswk-swf Corporate Governance (DE-588)4419850-4 s DE-604 Digitalisierung UB Bamberg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021199522&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Nordberg, Donald Corporate governance principles and issues Corporate Governance (DE-588)4419850-4 gnd |
| subject_GND | (DE-588)4419850-4 |
| title | Corporate governance principles and issues |
| title_auth | Corporate governance principles and issues |
| title_exact_search | Corporate governance principles and issues |
| title_full | Corporate governance principles and issues Donald Nordberg |
| title_fullStr | Corporate governance principles and issues Donald Nordberg |
| title_full_unstemmed | Corporate governance principles and issues Donald Nordberg |
| title_short | Corporate governance |
| title_sort | corporate governance principles and issues |
| title_sub | principles and issues |
| topic | Corporate Governance (DE-588)4419850-4 gnd |
| topic_facet | Corporate Governance |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=021199522&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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