Corporate governance

Author: John Colley
Publisher:
Publish Date: 2004-05-01
Features: Strengthen corporate governance mechanisms, enhance enterprise competitiveness! Financial Easywen, your learning companion! With this book in hand, master the EMBA corporate governance curriculum! The ultimate goal of this book is to enhance corporate competitiveness while achieving sound corporate governance mechanisms, thereby attracting investment with strong performance and improving profitability. After the Asian financial crisis and the Enron scandal in the United States, the emergence of issues such as opaque financial information and compromised shareholder rights shifted public attention to the level of corporate governance. McKinsey & Company, a renowned management consulting firm, once surveyed and found that good corporate governance can add more than 20% in extra value. The authors of this book come from the prestigious Darden School of Business in the United States, combining expertise in business management and practical business experience. This enables the book to pinpoint the core of corporate governance—strengthening the board of directors’ functions—from legal, ethical, and operational perspectives. It examines the shortcomings in the board’s role that lead to declining corporate performance and instability, and provides practical and insightful guidance for directors, managers, and investors across industries from the critical angle of implementing effective board management. In fact, corporate governance is not only directly related to top executives, the board of directors, or the supervisory board but is also deeply intertwined with the interests of the company’s investors. Through this book, we can not only understand the theory and practice of corporate governance in the United States but also reflect on the issues of corporate governance in our own country.