In the wake of the recent global financial collapse the timely new edition of this successful text provides students and business professionals with a welcome update of the key issues facing managers, boards of directors, investors, and shareholders.
In addition to its authoritative overview of the history, the myth and the reality of corporate governance, this new edition has been updated to include: analysis of the financial crisis; the reasons for the global scale of the recession the failure of international risk management An overview of corporate governance guidelines and codes of practice; new cases.
Once again in the new edition of their textbook, Robert A. G. Monks and Nell Minow show clearly the role of corporate governance in making sure the right questions are asked and the necessary checks and balances in place to protect the long-term, sustainable value of the enterprise.
Features 18 case studies of institutions and corporations in crisis, and analyses the reasons for their fall (Cases include Lehman Brothers, General Motors, American Express, Time Warner, IBM and Premier Oil.)
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What is a Corporation?
Corporate Crime and Punishment
What Happens When You Let Corporations Choose their Own Regulators?
Corporate Political Donations in the UK and the US
Protection Pennsylvania Style
Green Tree Financial
From DuPont to Relationship Investing
AP Paramount and KMart
The Corporate Librarys Interlock Tool
The Walt Disney Company and the Magical Kingdom
Trends in Illegal Executive Compensation
Further Exploration of the Requirement of Good Faith
The Battle of the Theme Parks
DaimlerBenz and the New York Stock Exchange
Socially Responsible Investing
The Mysterious Case of the Hearst Will
Of Vouchers and Values Robert A G Monks Visits Vaclav Havel
Partnership versus Corporation
Who Owns Hershey?
One Share One Vote
R P Scherer and Citicorp
NYs Pension Fund Borrows from Itself
CalPERS and Enron
CalPERS Invests in Activism
Institutional Investors Address Climate Change
AFSCMEs Economically Targeted Investment Policy
Campbell Soup Company and General Motors
Honeywell and Furrs
United Companies Financial and Lubys
A Director Quits
Director Pay at CocaCola
ATT and NCR
Exxon ATT and General Electric and Creative Destruction
ICGN on Compensation
United Airlines and Employee Ownership
International Corporate Governance
Capital Flight Tax Avoidance and Tax Competition
The Institutional Investor as Proxy for the Public Interest
Final Thoughts and Future Directions