Managing Effectively

Author: Effectively
Publisher: Not available
Publish Date: 2004-02-01
Features: Corporate Governance explores how directors must deal with internal events from strategy formulation to executive compensation, and external events from hostile takeover attempts to shareholder activism. After the Asian financial crisis and the Enron scandal in the United States, the emergence of issues such as lack of financial transparency and damaged shareholder rights shifted the focus of the investing public to the level of corporate governance. McKinsey & Company, a renowned management consulting firm, once surveyed and found that good corporate governance can bring more than 20% additional value. The authors of this book come from the prestigious Darden School of Business in the United States, combining expertise in corporate management and business practice. This enables the book to accurately address the core of corporate governance—strengthening the board of directors' functions—from multiple perspectives, including legal, ethical, and practical operations, to examine the shortcomings in board functions that lead to declining corporate performance and instability. From the critical angle of implementing effective board management, the book provides practical and insightful explanations for directors, managers, and investors across various industries. 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, while understanding the theory and practice of corporate governance in the United States, we can also reflect on the issues of corporate governance in our own country.