Theory and Practice of Corporate Governance: An Integrated Approach

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Cambridge University Press, Feb 28, 2013 - Business & Economics - 440 pages
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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.
 

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Contents

The landscape and definitions of governance the major actors
3
Inwardfacing governance
26
Outwardfacing governance
55
The Relationship between Law and Governance
79
The protection of the laws
81
Critical governance law
102
Governance and the Listed Company
121
The development of governance the Governance Codes
123
Nonshareholder regulation of companies
230
Changes in regulatory structures the PRA the FCA and the ICB recommendations
263
Failure the abiding characteristic of regulation
277
Accounting for profits the root of information asymmetry
300
Reward and performance
322
Countergovernance Failures of governance and corporate failure
343
Countergovernance 1 theory
345
Countergovernance 2 abuse of stakeholders
364

The 20078 financial crisis the failure of systemic governance
153
Systemic governance the Turner Review the Walker Review and the Vickers Commission
172
Governance and Regulation
199
The company and the stock market
201
Concluding remarks
382
Bibliography
396
Index
409
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About the author (2013)

Stephen Bloomfield leads the Corporate Governance Unit at Anglia Ruskin University. He is a Visiting Fellow in Corporate Governance at Kingston University and London South Bank University and prior to his academic career, he was a stockbroking analyst and then a director of a major venture capital fund. He has been a director of numerous venture capital funded companies and is a Fellow of the Institute of Chartered Secretaries and Administrators.

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