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
New to this edition:
- Fully updated in light of the UK Corporate Governance Code (2018) and the World Economic Forum risk survey (2018).
- New coverage of non-listed entities - not-for-profits, cooperatives, and charities - to reflect the growing diversity of organizations and the growing recognition that all corporate entities need corporate governance.
- Discussions of additional non-Western models such as the Keiretsu and Chaebol models used in Japan and South Korea, respectively.
- Half of the case studies are brand new and include organizations such as Huawei, the NHS, and Unilever.
- Increased coverage of board diversity, culture, corporate transparency, sustainability and business ethics, cyber risk, and digitization.
PART 1: PRINCIPLES
1. Corporate governance: A frontier subject 2. Governance and management 3. Theories, philosophies, and concepts of corporate governance 4. The governance partnership: Investors, companies, and directors 5. The regulatory framework6. Models of corporate governance
PART 2: POLICIES
7. Functions of the board 8. The governance of corporate risk 9. The board and business ethics 10. The governance of listed companies 11. The governance of non-listed corporate entities 12. Corporate governance around the world
PART 3: 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