HomeESSENTIALS OF CORPORATE GOVERNANCE: PRINCIPLES, POLICIES AND PRACTICES
ESSENTIALS OF CORPORATE GOVERNANCE: PRINCIPLES, POLICIES AND PRACTICES
Editor: Ledia Walls
Releasing in 2021
Binding: Hardcover
Corporate governance is the combination of rules, processes or laws by which businesses are operated, regulated or controlled. The term encompasses the internal and external factors that affect the interests of a company’s stakeholders, including shareholders, customers, suppliers, government regulators and management. Specific processes that can be outlined in corporate governance include action plans, performance measurement, disclosure practices, executive compensation decisions, dividend policies, procedures for reconciling conflicts of interest and explicit or implicit contracts between the company and stakeholders. An example of good corporate governance is a well-defined and enforced structure that works for the benefit of everyone concerned by ensuring that the enterprise adheres to accepted ethical standards, best practices and formal laws. Alternatively, bad corporate governance is seen as poorly-structured, ambiguous and noncompliant, which could damage the image or financial health of a business. One purpose of corporate governance is to implement a checks and balances system that minimizes conflicts of interest. Conflicts typically arise when two involved parties have opposing opinions on the way the business should be conducted. Since a board of directors is typically a mix of internally and externally involved members, corporate governance is a non-biased way to approach conflict.
One of the challenges facing policy makers is how to develop a good corporate governance framework which can secure the benefits associated with controlling shareholders acting as direct monitors, while at the same time ensuring that they do not impinge upon the development of equity markets by expropriating excessive rents. Corporate governance has received increased attention because of high-profile scandals involving abuse of corporate power or alleged criminal activity by corporate officers. Therefore, laws and regulations have been passed to address the components of corporate governance. Having a clean image on the corporate governance front could also make it easier for companies to source capital at more reasonable costs. Unfortunately, corporate governance often becomes the centre of discussion only after the exposure of a large scam. The book studies, analyses and upholds the pillars of corporate governance and its utmost significance in modern times. It explains in detail the concepts and procedures that have been established in this field. This book is a valuable compilation of chapters, ranging from the basic to the most complex theories and principles in the field of corporate governance. Most of the topics introduced in this book cover new techniques and the applications of corporate governance. The book is appropriate for those seeking detailed information in this area.
Ledia Walls pursued her LLM in Corporate and Financial Law from Public University of Portsmouth. She serves as a guest faculty for several universities across Europe. Her primary area of scholarly and research interests lies in the field of internal and external corporate governance controls and financial reporting. She is a veteran in the field of corporate governance with numerous revolutionizing texts, articles and research papers to her credit. She also won "Distinguished Scholar Award" for her research on this field.
