From the 'father of corporate governance' comes the new edition of this bestselling text, designed to equip students with a sound understanding of the frameworks that govern organizations. It offers comprehensive coverage of key principles combined with a strong practical focus through a clear three-part structure.
This fourth edition provides a new focus for understanding corporate governance that goes far beyond the regulations, rules, and voluntary codes: it has a new emphasis throughout on culture. For the first time, a distinction is drawn between Western and Eastern perceptions of corporate governance, and new cases from China (including Huawei) further support this new approach.
The book is supported by an extensive range of online resources:
For students:
Additional information on cases
Suggested further reading and research tips
Corporate Governance Blog
Web links
Corporate Governance codes around the world
Answers to self-test questions
For lecturers:
PowerPoint slides
Additional case studies
Group exercises
Teaching notes for the case studies in the book
Teaching notes for the projects in the book
PART 1: PRINCIPLES1. Corporate governance: A frontier subject2. Governance and management3. Theories, philosophies, and concepts of corporate governance4. The governance partnership: Investors, companies, and directors5. The regulatory framework6. Models of corporate governancePART 2: POLICIES7. Functions of the board8. The governance of corporate risk9. The board and business ethics10. The governance of listed companies11. The governance of non-listed corporate entities12. Corporate governance around the worldPART 3: PRACTICES13. Board membership: Directors' appointment, roles, and remuneration14. Board leadership: The reality of the boardroom15. Board activities: Corporate governance in practice16. Board effectiveness: Building better boards17. Board evaluation: Reviewing directors and boards18. Corporate governance: The next thirty years