Theory and Practice of Corporate Governance: An Integrated Approach
Cambridge University Press, 2/28/2013
EAN 9781107012240, ISBN10: 1107012244
Hardcover, 440 pages, 24.4 x 17 x 2.5 cm
Language: English
Originally published in English
Theory and Practice of Corporate Governance explains how the real world of corporate governance works. It offers new definitions of governance and new conceptual models for investigating governance and corporate behaviour, based on both practical experience and academic investigation. In examining the historical development of corporate governance, it integrates issues of company law, regulatory practice and company administration with contemporary corporate governance policies and structures. An extensive range of international examples, both recent and historical, is used to compare theoretical explanations of governance behaviour with practical outcomes. This book will be particularly suitable for students taking an ICSA-accredited course - giving a necessary critical view on governance, law and regulation - and will also be suitable for accountancy courses. Through utilising new conceptual models, it will stimulate debate among both theorists and practitioners looking to develop their expertise.
Part I. The Discipline of Governance
1. The landscape and definitions of governance
the major actors
2. Inward-facing governance
3. Outward-facing governance
Part II. The Relationship Between Law and Governance
4. The protection of the laws
5. Critical governance law
Part III. Governance and the Listed Company
6. The development of governance - the Governance Codes
7. The 2007–8 financial crises
the failure of systemic governance
8. Systemic governance
the Turner Review, the Walker Review and the Vickers Commission
Part IV. Governance and Regulation
9. The company and the stock market
10. Non-shareholder regulation of companies
11. Changes in regulatory structures - the PRA, the FCA and the ICB recommendations
12. Failure - the abiding characteristic of regulation
13. Accounting for profits
the root of information asymmetry
14. Reward and performance
Part VI. Counter-Governance
Failures of Governance and Corporate Failure
15. Counter-governance (1)
theory
16. Counter-governance (2)
abuse of stakeholders
17. Concluding remarks
Bibliography
Index.