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Advances in Corporate Governance - Comparative Perspectives (Hardcover)
Loot Price: R3,053
Discovery Miles 30 530
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Advances in Corporate Governance - Comparative Perspectives (Hardcover)
Series: Hertie Governance Report
Expected to ship within 12 - 17 working days
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Total price: R3,073
Discovery Miles: 30 730
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The governance of the modern corporation is broadly understood as
the mechanisms, relations, and processes for balancing the
interests of stakeholders. It spells out the rules and procedures
for decision-making, accountability and transparency, and
distributional rights. Corporate governance thus provides the
framework in which corporate objectives are set, the means of
attaining them, the kind of performance monitoring required, and by
whom. In the aftermath of the global financial crisis and
large-scale corporate failures, the issue of corporate governance
has repeatedly received the attention of policy-makers and the
wider public. Extending the study of corporate governance beyond
that of listed corporations sheds new light on the overall
performance of corporations in market economies. These include
small to medium-sized corporations, nonprofit organisations and
philanthropic foundations, public corporations and public-private
partnerships, social enterprises and cooperatives, international
organisations, and corporations in cyberspace. A decade after the
massive failures in the governance of financial corporations, and
with continued governance failures in other parts of the economy
since then, this volume takes stock and asks: what has been the
performance of corporate governance regimes, and have regulatory
changes and corporate governance codes made a difference? What are
the strengths and weaknesses of current corporate governance
systems and codes? How do corporate forms differ in their
governance performance, and what have been the experiences across
countries? And, finally, what implications for understanding
governance behaviour and for policy-makers and regulators come to
mind?
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