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This book offers a straight-forward guide to the fundamental work
of governing bodies and the people who serve on them. The aim is of
the book is to help every member serving on a governing body
understand and improve their contribution to the entity and
governing body they serve. The book is rooted in research,
including five years' work by the author as a Research Fellow of
Nuffield College, Oxford.
This book offers a straight-forward guide to the fundamental work
of governing bodies and the people who serve on them. The aim is of
the book is to help every member serving on a governing body
understand and improve their contribution to the entity and
governing body they serve. The book is rooted in research,
including five years' work by the author as a Research Fellow of
Nuffield College, Oxford.
Traditionally, books on business ethics focus on CSR, companies'
relations with their stakeholders, and corporate citizenship. More
recently, green credentials and sustainability have been added to
that agenda. Unconventionally, this book argues that business
ethics are basic to running business, not a separate subject. They
are inherent to the governance and management of every
organization, not an optional exercise in corporate citizenship.
Business ethics concern behaviour in business and the behaviour of
business. Decisions at every level in a company have ethical
implications - strategically in the board room, managerially
throughout the organization, and operationally in all of its
activities. The use, and sometimes the abuse, of corporate power,
the process of corporate governance, raises ethical issues.
Business involves risk-taking, whether decisions are at the
strategic, managerial, or operational level. Exposure to ethical
risk needs to be part of every organization's strategy formulation,
policy making, and enterprise risk management. Designed to be read
by both undergraduates and postgraduates, this book is a primer on
ethics in business. It is also relevant to ethics courses that are
now part of many legal, accountancy and other professional
examinations. The book is not about moral philosophy, nor does it
prescribe appropriate standards of behaviour or recommend economic,
legal or political solutions. Rather it enables readers to
recognize ethical issues in business, to respond appropriately, and
to embed ethics in business processes. The book not only considers
what business ethics are, and why they are important, but offers
practical approaches on how to develop a successful corporate
ethics culture.
In this Element the origins of corporate governance are reviewed,
recognising that corporate entities have always been governed, that
important developments took place in the seventeenth and eighteenth
centuries, and the huge significance of the invention of the
joint-stock limited liability company. The development of corporate
governance in the twentieth century around the world is explored,
with complex groups, private companies, and top management
dominating shareholder power appearing in the Inter-war years. Some
unresolved issues in both principle and practice are identified.
Various theories of corporate governance are described and
contrasted. The subject is seen to be in search of its paradigm and
a systems theoretical relationship between the theories is
suggested. The need to rethink the concept of the limited liability
company is argued, and a call is made for the development of a
philosophy of corporate governance.
Traditionally, books on business ethics focus on CSR, companies'
relations with their stakeholders, and corporate citizenship. More
recently, green credentials and sustainability have been added to
that agenda. Unconventionally, this book argues that business
ethics are basic to running business, not a separate subject. They
are inherent to the governance and management of every
organization, not an optional exercise in corporate citizenship.
Business ethics concern behaviour in business and the behaviour of
business. Decisions at every level in a company have ethical
implications - strategically in the board room, managerially
throughout the organization, and operationally in all of its
activities. The use, and sometimes the abuse, of corporate power,
the process of corporate governance, raises ethical issues.
Business involves risk-taking, whether decisions are at the
strategic, managerial, or operational level. Exposure to ethical
risk needs to be part of every organization's strategy formulation,
policy making, and enterprise risk management. Designed to be read
by both undergraduates and postgraduates, this book is a primer on
ethics in business. It is also relevant to ethics courses that are
now part of many legal, accountancy and other professional
examinations. The book is not about moral philosophy, nor does it
prescribe appropriate standards of behaviour or recommend economic,
legal or political solutions. Rather it enables readers to
recognize ethical issues in business, to respond appropriately, and
to embed ethics in business processes. The book not only considers
what business ethics are, and why they are important, but offers
practical approaches on how to develop a successful corporate
ethics culture.
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
The story of Oxford University and Management Education, including
the text of key university reports on management studies in Oxford
and personal sketches of major players
The story of Oxford University and Management Education, including
the text of key university reports on management studies in Oxford
and personal sketches of major players
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