What is corporate governance

Author: (American) Colly et al., translated by Liu Jiang
Publisher:
Publishing Date: 2006-05-01
Features: What is Corporate Governance is designed to help business professionals understand the current meaning of corporate governance. This book provides a concise yet comprehensive explanation of how companies and boards can establish an entity that operates well, is highly competitive, and meets the needs of all stakeholders—from customers seeking the best products and services to shareholders demanding reasonable investment returns. In recent years, the enthusiasm for corporate governance has surged domestically, with academia, government regulatory bodies, and the business community all showing great interest. Chinese enterprises are calling for corporate governance, and world-class management consulting firms like McKinsey & Company have repeatedly used concrete investor sentiment survey data in recent years to prove that prioritizing corporate governance has a significant impact on restoring investor confidence, especially in increasing the premium ability of equity in the capital markets. The book consists of nine chapters. Chapters such as What is a Board of Directors, The Legal Responsibilities of Directors, and The Relationship Between the Board and the CEO analyze the effectiveness of the board in corporate governance. Issues such as establishing and maintaining an efficient board, how an efficient board operates, and how the board demonstrates its role in management become the dynamic efficiency factors analyzed in the book regarding the board's effectiveness in corporate governance. It provides readers from management practice with a kind of toolbox of board operational tools while also extending thinking based on accumulated knowledge.