A Primer on Corporate Governance
This book is a primer on corporate governance—the system that defi nes the distribution of rights and responsibilities among different participants in the corporation, such as the board, managers, shareholders, and other stakeholders, and spells out the rules and procedures for making decisions...
Đã lưu trong:
| Những tác giả chính: | , |
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| Định dạng: | Sách |
| Ngôn ngữ: | English |
| Được phát hành: |
Business Expert
2012
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| Những chủ đề: | |
| Truy cập trực tuyến: | https://scholar.dlu.edu.vn/thuvienso/handle/DLU123456789/31102 |
| Các nhãn: |
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| Thư viện lưu trữ: | Thư viện Trường Đại học Đà Lạt |
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| Tóm tắt: | This book is a primer on corporate governance—the system that defi nes
the distribution of rights and responsibilities among different participants
in the corporation, such as the board, managers, shareholders, and
other stakeholders, and spells out the rules and procedures for making
decisions on corporate affairs. Corporate governance also deals with how
a company’s objectives are set and the means of attaining those objectives
and monitoring performance.
The importance of this subject can hardly be overstated. As recent
corporate scandals have shown and the current fi nancial crisis reminds
us, the effi cacy of corporate decision making and our regulatory systems
directly affect our well-being. Sound corporate governance not only pays
by producing value for all stakeholders of the fi rm but also, even more
importantly, it is the right thing to do—for investors, other stakeholders,
and society at large. In other words, sound corporate governance is also a
moral imperative.
This book is designed to help you become a more effective participant
in the corporate governance system—as an executive dealing with
a board, as a director, or as a representative of a company’s other numerous
stakeholders. The book contains two major parts, an epilogue, and
appendices.
The fi rst part looks at corporate governance from a macro perspective.
It describes the U.S. corporate governance system and its principal actors
and briefl y surveys the history of U.S. corporate governance, including
the wave of governance scandals that occurred around the turn of the
century. The second part focuses on the board itself and its principal
challenges: CEO selection and succession planning, the board’s responsibilities
in the areas of oversight, compliance and risk management,
the board’s role in strategy development, the issue of CEO performance
appraisal and executive compensation, a board’s challenges in dealing
with unexpected events and crises, and fi nally, a board’s most diffi cult
challenge—managing itself.
The epilogue briefl y looks into the future and deals with subjects that
are just beginning to appear on boardroom agendas. It assesses the emerging
global convergence of governance systems, requirements, and practices;
it looks at the prospects of further U.S. governance reform; and it discusses the changing relationship between business and society and its
likely impact in the boardroom. |
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