What Is Corporate Governance?

John colley



A comprehensive overview of one of today's most important and controversial topics The need for sound corporate governance is the #1 item on many people's agendas today, from corporate directors and decision makers to investors looking to shield themselves from the next Enron-type disaster. But what exactly constitutes sound governance? And what should directors and managers do to ensure they can meet their governance responsibilities--whether legal, moral, or both? What Is Corporate Governance? provides readers with concise yet comprehensive coverage of this hot-button subject. Following the reader-friendly format of McGraw- Hill's highly successful What Is . . . series, this one-stop overview of corporate governance features: • Explanations of the laws and regulations that apply to corporate governance • Insights into the duties--and liabilities--of corporate directors • Discussion of the impact of Sarbanes-Oxley on corporate governance issues.

What will you learn from this book

  1. Board Responsibilities: The board of directors plays a crucial role in overseeing corporate strategy, decision-making, and ensuring accountability to shareholders.

  2. Transparency and Disclosure: Corporate governance emphasizes transparency in financial reporting and disclosure of information, fostering trust among stakeholders.

  3. Shareholder Rights: Protecting and respecting the rights of shareholders, including voting rights and fair treatment, is integral to good governance.

  4. Ethical Conduct and Accountability: Upholding ethical standards and holding individuals accountable for their actions are fundamental aspects of governance.

  5. Risk Management: Effective corporate governance involves identifying, evaluating, and managing risks to protect the interests of stakeholders.

  6. Regulatory Compliance: Adhering to applicable laws, regulations, and codes of conduct is essential for maintaining ethical and legal standards.

  7. Executive Compensation: Ensuring fair and reasonable compensation for executives and aligning it with corporate performance and shareholder interests.

  8. Stakeholder Engagement: Engaging with various stakeholders, including employees, customers, communities, and suppliers, to consider their interests in decision-making.

  9. Long-Term Value Creation: Focusing on sustainable growth and long-term value creation rather than short-term gains is a hallmark of effective corporate governance.

  10. Continuous Improvement: Corporate governance is an ongoing process that requires regular evaluation, review, and improvement to adapt to changing business environments and best practices.

Language English
ISBN-10 0-07-059994-7
ISBN-13 9780071444484
No of pages 102
Font Size Medium
Book Publisher Tata Mcgraw-Hill
Published Date 01 Jan 2005

About Author

Author : John colley

1 Books

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